Bill Text: NY S07023 | 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 (Republican 1-0)

Status: (Vetoed) 2016-11-28 - VETOED MEMO.285 [S07023 Detail]

Download: New_York-2015-S07023-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          7023
                    IN SENATE
                                     March 16, 2016
                                       ___________
        Introduced  by  Sen.  YOUNG  -- 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
          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