Bill Text: NY S07662 | 2015-2016 | General Assembly | Introduced

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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) 2016-05-12 - REFERRED TO CIVIL SERVICE AND PENSIONS [S07662 Detail]

Download: New_York-2015-S07662-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          7662
                    IN SENATE
                                      May 12, 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
          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  for  each  year of credited service in excess of twenty-five, one-
    17  sixtieth of final average salary, provided, however, that the provisions
    18  of  this  section  shall  not  apply  to  a  New  York  city   uniformed
    19  correction/sanitation revised plan member; and further provided that the
    20  maximum  pension  payable  pursuant to this subdivision shall equal that
    21  payable upon completion of thirty years of service.
    22    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15332-01-6