Assembly Bill A4981A

2013-2014 Legislative Session

Relates to the minimum retirement allowance for certain pensioners who retired prior to July 1, 1980

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Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

co-Sponsors

multi-Sponsors

2013-A4981 - Details

See Senate Version of this Bill:
S4496
Current Committee:
Assembly Governmental Employees
Law Section:
Education Law
Laws Affected:
Amd §532, Ed L
Versions Introduced in 2015-2016 Legislative Session:
S4117, S6746

2013-A4981 - Summary

Relates to the minimum retirement allowance for certain pensioners who retired prior to July 1, 1980.

2013-A4981 - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  4981

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            February 13, 2013
                               ___________

Introduced  by  M.  of  A.  ABBATE  -- (at request of the New York State
  Teachers' Retirement System) -- read once and referred to the  Commit-
  tee on Governmental Employees

AN ACT to amend the education law, in relation to the minimum retirement
  allowance  for  members  of  the  New  York state teachers' retirement
  system who retired prior to July 1, 1980

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Paragraph 1 of subdivision e of section 532 of the educa-
tion law, as amended by chapter 580 of the laws of 2001, is  amended  to
read as follows:
  1.  Each  pensioner  of  the retirement system who retired before July
first, nineteen hundred [seventy] EIGHTY shall be paid, commencing  with
a  payment  for  the  month  of July two thousand [one] THIRTEEN a basic
supplemental pension, the total of which when added to his OR HER yearly
retirement allowance computed without optional modification, but exclud-
ing any annuity derived from contributions made by members  pursuant  to
paragraphs a and b of subdivision three of section five hundred sixteen,
section  five  hundred  twenty-eight,  section five hundred twenty-nine,
section five hundred  thirty,  section  five  hundred  thirty-three  and
section five hundred thirty-five of this article, shall equal the lesser
of [seventeen thousand five hundred] NINETEEN THOUSAND TWO HUNDRED FIFTY
dollars  or  the  sum  of  five  hundred FIFTY dollars multiplied by the
number of years of full-time New York state service not to exceed  thir-
ty-five  years  with  which he OR SHE was credited at the time of his OR
HER retirement.
  S 2. This act shall take effect June 30, 2013, except that if this act
shall have become  law on or after June 30, 2013, this  act  shall  take
effect  immediately  and  shall be deemed to have been in full force and
effect on and after June 30, 2013.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08980-01-3
              

co-Sponsors

multi-Sponsors

2013-A4981A (ACTIVE) - Details

See Senate Version of this Bill:
S4496
Current Committee:
Assembly Governmental Employees
Law Section:
Education Law
Laws Affected:
Amd §532, Ed L
Versions Introduced in 2015-2016 Legislative Session:
S4117, S6746

2013-A4981A (ACTIVE) - Summary

Relates to the minimum retirement allowance for certain pensioners who retired prior to July 1, 1980.

2013-A4981A (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 4981--A

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            February 13, 2013
                               ___________

Introduced  by  M. of A. ABBATE, RUSSELL, STECK -- Multi-Sponsored by --
  M. of A.  MILLMAN, THIELE -- (at request of the New York State  Teach-
  ers'  Retirement System) -- read once and referred to the Committee on
  Governmental Employees -- recommitted to the Committee on Governmental
  Employees in accordance with Assembly Rule  3,  sec.  2  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN ACT to amend the education law, in relation to the minimum retirement
  allowance  for  members  of  the  New  York state teachers' retirement
  system who retired prior to July 1, 1980

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Paragraph 1 of subdivision e of section 532 of the educa-
tion law, as amended by chapter 580 of the laws of 2001, is  amended  to
read as follows:
  1.  Each  pensioner  of  the retirement system who retired before July
first, nineteen hundred [seventy] EIGHTY shall be paid, commencing  with
a  payment  for  the  month  of July two thousand [one] FOURTEEN a basic
supplemental pension, the total of which when added to his OR HER yearly
retirement allowance computed without optional modification, but exclud-
ing any annuity derived from contributions made by members  pursuant  to
paragraphs a and b of subdivision three of section five hundred sixteen,
section  five  hundred  twenty-eight,  section five hundred twenty-nine,
section five hundred  thirty,  section  five  hundred  thirty-three  and
section five hundred thirty-five of this article, shall equal the lesser
of [seventeen thousand five hundred] NINETEEN THOUSAND TWO HUNDRED FIFTY
dollars  or  the  sum  of  five  hundred FIFTY dollars multiplied by the
number of years of full-time New York state service not to exceed  thir-
ty-five  years  with  which he OR SHE was credited at the time of his OR
HER retirement.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08980-02-4

              

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