Bill Text: NY S07105 | 2015-2016 | General Assembly | Introduced


Bill Title: Relates to disability benefits for NYC fire department members who are New York city enhanced plan members.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-03-30 - RECOMMIT, ENACTING CLAUSE STRICKEN [S07105 Detail]

Download: New_York-2015-S07105-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________
                                          7105
                    IN SENATE
                                     March 28, 2016
                                       ___________
        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
          disability  benefits  for  certain  members  of the New York city fire
          department pension fund or the New  York  city  employees'  retirement
          system
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subdivision 24 of section 501 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    24. "Wages" shall mean regular compensation earned by and  paid  to  a
     5  member  by a public employer, except that for members who first join the
     6  state and local employees' retirement system on or after January  first,
     7  two  thousand  ten,  overtime compensation paid in any year in excess of
     8  the overtime ceiling, as defined  by  this  subdivision,  shall  not  be
     9  included in the definition of wages. "Overtime compensation" shall mean,
    10  for  purposes of this section, compensation paid under any law or policy
    11  under which employees are paid at a rate  greater  than  their  standard
    12  rate  for  additional  hours  worked  beyond  those  required, including
    13  compensation paid under section one hundred  thirty-four  of  the  civil
    14  service  law and section ninety of the general municipal law. The "over-
    15  time ceiling" shall mean fifteen thousand dollars per annum  on  January
    16  first,  two  thousand  ten, and shall be increased by three percent each
    17  year thereafter, provided, however, that for members  who  first  become
    18  members  of the New York state and local employees' retirement system on
    19  or after April first, two thousand twelve, "overtime ceiling" shall mean
    20  fifteen thousand dollars per annum on April first, two thousand  twelve,
    21  and shall be increased each year thereafter by a percentage to be deter-
    22  mined  annually  by  reference  to  the  consumer price index (all urban
    23  consumers, CPI-U, U.S. city average, all items, 1982-84=100),  published
    24  by  the  United  States  bureau of labor statistics, for each applicable
    25  calendar year. Said percentage  shall  equal  the  annual  inflation  as
    26  determined from the increase in the consumer price index in the one year
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14853-01-6
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