Bill Text: NY A09440 | 2015-2016 | General Assembly | Introduced

New York Assembly Bill 9440 (Prior Session Legislation)

Introduced

Bill Title: Relates to age and service eligibility requirements for ordinary retirement for members of the unified court system; restores 55/30 for all members and reduces the retirement age from 63 to 62.

Spectrum: Slight Partisan Bill (Democrat 3-1)

Status: (Vetoed) 2016-11-28 - tabled [A09440 Detail]

Download: New_York-2015-A09440-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          9440
                   IN ASSEMBLY
                                      March 3, 2016
                                       ___________
        Introduced  by  M.  of A. ABBATE, GOLDFEDER -- read once and referred to
          the Committee on Governmental Employees
        AN ACT to amend the retirement and social security law, in  relation  to
          eligibility for retirement benefits for certain members of the unified
          court system
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subdivision a of section 503 of the retirement  and  social
     2  security  law,  as amended by chapter 18 of the laws of 2012, is amended
     3  to read as follows:
     4    a. The normal service retirement benefit  specified  in  section  five
     5  hundred  four of this article shall be payable to general members, other
     6  than elective members, who have met  the  minimum  service  requirements
     7  upon  retirement  and  attainment of age sixty-two, provided, however, a
     8  general member who is a peace officer  employed  by  the  unified  court
     9  system  or  a member of a teachers' retirement system may retire without
    10  reduction of his or her retirement benefit upon attainment of  at  least
    11  fifty-five  years  of  age  and  completion  of  thirty or more years of
    12  service. For members who become members of the New York state and  local
    13  employees'  retirement  system  on  or  after  April first, two thousand
    14  twelve, the normal service retirement benefits specified in section five
    15  hundred four of this article shall be payable to general members,  other
    16  than  elective  members,  who  have met the minimum service requirements
    17  upon retirement and attainment of  age  sixty-three;  provided  that,  a
    18  member  who  is a peace officer employed by the unified court system may
    19  retire without reduction of his or her retirement benefit  upon  attain-
    20  ment  of  at  least  fifty-five years of age and completion of thirty or
    21  more years of service.
    22    § 2. Subdivisions a and a-1 of  section  603  of  the  retirement  and
    23  social  security  law,  subdivision  a as amended and subdivision a-1 as
    24  added by chapter 18 of the laws of 2012, are amended to read as follows:
    25    a. The service retirement benefit specified  in  section  six  hundred
    26  four  of this article shall be payable to members who have met the mini-
    27  mum service requirements upon retirement and attainment  of  age  sixty-
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13801-02-6