Senate Bill S1409

Vetoed By Governor
2009-2010 Legislative Session

Extends the Tier II provisions to all police officers and firefighters who join a public retirement system on or after July 1, 2009 and prior to July 1, 2011

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Archive: Last Bill Status - Vetoed by Governor


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

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2009-S1409 (ACTIVE) - Details

See Assembly Version of this Bill:
A3426
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §440, R & SS L

2009-S1409 (ACTIVE) - Summary

Extends the Tier II provisions to all police officers and firefighters who join a public retirement system on or after July 1, 2009 and prior to July 1, 2011.

2009-S1409 (ACTIVE) - Sponsor Memo

2009-S1409 (ACTIVE) - Bill Text download pdf

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

                                  1409

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                            January 29, 2009
                               ___________

Introduced  by  Sen.  SAVINO -- 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
  the membership of police officers and firefighters

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

  Section 1. Subdivision c of section 440 of the retirement  and  social
security  law,  as amended by chapter 63 of the laws of 2007, is amended
to read as follows:
  c. Notwithstanding any other provision  of  law,  the  provisions  and
limitations  of  this article shall apply, as may be appropriate, to all
police officers and firefighters who last  joined  a  public  retirement
system  of  the state or a municipality thereof, on or after July first,
nineteen hundred seventy-six, but prior  to  July  first,  two  thousand
[nine] ELEVEN.
  S 2. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
  This  bill  would  extend the Tier 2 provisions to all police officers
and firefighters who join a public retirement system on or after July 1,
2009 but prior to July 1, 2011.
  Insofar as this bill would affect the New York State and Local  Police
and  Fire Retirement System, if it is enacted, there would be no result-
ing additional annual cost to employers of  the  System.  The  estimated
rates  of  contribution  for the various Tier 2 plans would not increase
due to enactment of the bill.
  This estimate, dated January 14,  2009,  and  intended  for  use  only
during  the  2009  Legislative  Session,  is  Fiscal  Note  No. 2009-96,
prepared by the Actuary for the New York State and Local Police and Fire
Retirement System.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07023-01-9


              

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