Bill Text: NY S05544 | 2013-2014 | General Assembly | Introduced

New York Senate Bill 5544 (Prior Session Legislation)

Introduced

Bill Title: Grants service credit to members of the uniformed correction force of the New York city department of correction covered by provisions of law with over 25 years of service.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2014-01-08 - REFERRED TO CIVIL SERVICE AND PENSIONS [S05544 Detail]

Download: New_York-2013-S05544-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5544
                              2013-2014 Regular Sessions
                                   I N  S E N A T E
                                     May 16, 2013
                                      ___________
       Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
         printed to be committed to the Committee on Civil Service and Pensions
       AN ACT to amend the retirement and social security law, in  relation  to
         retirement  benefits  for  general members in the uniformed correction
         force of the New York city department of correction
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Subdivision d of section 504 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    d.  The  early  service  retirement benefit for general members in the
    5  uniformed  correction  force  of  the  New  York  city   department   of
    6  correction,  who are not entitled to an early service retirement benefit
    7  pursuant to subdivision c of section five hundred four-a of this article
    8  or subdivision c of section five  hundred  four-b  of  this  article  or
    9  subdivision  c  of  section  five hundred four-d of this article, or for
   10  general members in the uniformed personnel  in  institutions  under  the
   11  jurisdiction of the department of corrections and community supervision,
   12  as  defined  in  subdivision  i  of section eighty-nine of this chapter,
   13  shall be a pension equal to one-fiftieth of final average  salary  times
   14  years  of  credited  service  at  the completion of twenty-five years of
   15  service, [but not in excess of fifty percent of  final  average  salary]
   16  PLUS  ONE-SIXTIETH  OF  FINAL  AVERAGE  SALARY  TIMES  YEARS OF CREDITED
   17  SERVICE IN EXCESS OF TWENTY-FIVE, provided, however, that the provisions
   18  of  this  section  shall  not  apply  to  a  New  York  city   uniformed
   19  correction/sanitation revised plan member.
   20    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD09215-01-3