Provides that an eligible member of the public retirement system may buy service credit for certain military service with two years of credited service.

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S168-2011 Actions

• Jun 21, 2012: COMMITTED TO RULES
• Mar 14, 2012: AMENDED ON THIRD READING 168A
• Mar 5, 2012: ADVANCED TO THIRD READING
• Mar 1, 2012: 2ND REPORT CAL.
• Feb 29, 2012: 1ST REPORT CAL.254
• Jan 4, 2012: REFERRED TO CIVIL SERVICE AND PENSIONS
• Jan 5, 2011: REFERRED TO CIVIL SERVICE AND PENSIONS

S168-2011 Meetings

Civil Service and Pensions: Feb 29, 2012

S168-2011 Calendars

Floor Calendar: Mar 1, 2012 , Floor Calendar: Mar 5, 2012 , Floor Calendar: Mar 6, 2012 , Floor Calendar: Mar 7, 2012 , Floor Calendar: Mar 12, 2012 , Floor Calendar: Mar 13, 2012 , Floor Calendar: Mar 14, 2012

S168-2011 Votes

S168-2011 Memo

BILL NUMBER:S168

TITLE  OF  BILL:    An act to amend the retirement and social security
law, in  relation  to  allowing  an  eligible  member  of  the  public
retirement  system  to  obtain  service  credit  for  certain military
service if such person has two years of credited service

PURPOSE:  To provide an eligible member of the retirement system  with
the  opportunity  to  purchase  service  credit  for  certain military
service with at least two years of credited  service  instead  of  the
current five.

SUMMARY OF PROVISIONS:  This bill would act as an amendment to Section
1. Subdivision 3 of section 1000 of the retirement and social security
law,  as  added  by  chapter 548 of the laws of 2000, to provide those
members whom have at least two years of credited service  to  purchase
service  credit  for  military  service.  By  doing so, the additional
military service credit could  provide  a  vested  retirement  benefit
where  a  retirement  benefit  would previously not have existed. This
bill would affect the New York State and Local  Employees'  Retirement
System  as  well  as  the  New  York  State  and Local Police and Fire
Retirement System. The cost attributed to the members will depend upon
the coverage plan selected, the salary and the age of the members whom
will be receiving an increased benefit. This cost will  be  shared  by
both  the State of New York and all participating employers in the New
York State and Local Employees' Retirement System and the New York and
Local Police and Fire Retirement System.

JUSTIFICATION:  The purpose of this bill is to  aid  those  whom  have
courageously  served the United States in the military and provide the
opportunity to accredit them service credit only after two years spent
working for the Retirement System. By  shorting  the  period  of  time
necessary  to  purchase  the  service  credit  to two years, this bill
allows those members whom had not attained a minimum of five years  of
service to purchase credit earlier.

BILL HISTORY:  S.6812 of 2007/2008; delivered to Assembly, Referred to
Governmental Employees.
S.3548/A.7136 of 2009/2010; Referred to Civil Services and Pensions

FISCAL IMPLICATIONS: See fiscal note.

EFFECTIVE DATE:  This act shall take effect immediately.

S168-2011 Text

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

                                     168

                         2011-2012 Regular Sessions

                              I N  SENATE

                                 (PREFILED)

                               January 5, 2011
                                 ___________

  Introduced  by Sens. MAZIARZ, ALESI, BONACIC, FUSCHILLO, GOLDEN, GRIFFO,
    LARKIN, LIBOUS, LITTLE, RANZENHOFER, SEWARD -- 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
    allowing  an eligible member of the public retirement system to obtain
    service credit for certain military service if  such  person  has  two
    years of credited service

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


    Section 1. Subdivision 3 of section 1000 of the retirement and  social
  security law, as added by chapter 548 of the laws of 2000, is amended to
  read as follows:

    3.  A  member  must have at least [five] TWO years of credited service
  (not including service granted hereunder)  to  be  eligible  to  receive
  credit under this section.
    S 2. This act shall take effect immediately.





   EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                        [ ] is old law to be omitted.
                                                             LBD00545-01-1