Bill Text: NY A09702 | 2015-2016 | General Assembly | Introduced

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Bill Title: Authorizes participating employers in the New York state and local police and fire retirement system offering 20 year retirement plans to offer such plans on a non-contributory basis.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-06-16 - substituted by s7023 [A09702 Detail]

Download: New_York-2015-A09702-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          9702
                   IN ASSEMBLY
                                      April 5, 2016
                                       ___________
        Introduced by M. of A. ABBATE -- read once and referred to the Committee
          on Governmental Employees
        AN  ACT  to amend the retirement and social security law, in relation to
          authorizing participating employers in the New York  state  and  local
          police  and  fire  retirement  system offering an optional twenty year
          retirement plan for its police officers  and  firefighters,  to  offer
          such plan on a non-contributory basis
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. The retirement and social security law is amended by adding
     2  a new article 26 to read as follows:
     3                                 ARTICLE 26
     4                            BENEFIT ENHANCEMENTS
     5  Section 1400. Non-contributory basis.
     6          1401. Collective bargaining.
     7          1402. Past service costs.
     8    § 1400. Non-contributory basis. (a) Notwithstanding the provisions  of
     9  this  chapter  or any other law to the contrary a participating employer
    10  in the New York state and local police and fire  retirement  system  may
    11  elect  to  provide  its employees who are members of the optional twenty
    12  year retirement plan for police and firefighters eligibility to  partic-
    13  ipate on a non-contributory basis.
    14    (b)  No  member  who  participates in this non-contributory retirement
    15  plan shall be entitled to a refund of previous contributions made to the
    16  contributory twenty year retirement plan.
    17    § 1401. Collective bargaining. A demand in collective bargaining nego-
    18  tiations for the additional benefit provided by section fourteen hundred
    19  of this article shall not be subject to the provisions of paragraph  (b)
    20  or  (c)  of  subdivision  four  of section two hundred nine of the civil
    21  service law, nor shall such demand  be  subject  to  any  provision  for
    22  interest arbitration contained in any local law, resolution or ordinance
    23  adopted  by  any  governmental  entity  pursuant  to  subdivision one of
    24  section two hundred twelve of the civil service law.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08156-04-6