Bill S5545A-2013

Removes post-retirement earnings restrictions for New York city department of corrections uniformed personnel

Removes post-retirement earnings restrictions for New York city department of correction uniformed personnel with respect to a retiree subsequent to his or her earliest eligibility date for service retirement.

Details

Actions

  • Apr 24, 2014: PRINT NUMBER 5545A
  • Apr 24, 2014: AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS
  • Jan 8, 2014: REFERRED TO CIVIL SERVICE AND PENSIONS
  • May 16, 2013: REFERRED TO CIVIL SERVICE AND PENSIONS

Memo

BILL NUMBER:S5545A

TITLE OF BILL: An act to amend the retirement and social security law, in relation to eligibility of uniformed personnel of the New York city department of correction for ordinary disability benefits

PURPOSE: This bill will remove the post-retirement earnings restrictions for New York City department of correction personnel.

SUMMARY OF PROVISIONS:

Section 507-a of the retirement and social security law is amended by adding a new subdivision f.

JUSTIFICATION: The current statutory cap on post retirement earnings for new york city correction employees has not been modified in many years and imposes an income level that only serves to punish the brave men and women who have worked for so many years protecting the public and working the toughest beat in law enforcement.

This measure recognizes the service and sacrifice made by these brave public servants and will bring much needed reform to an outdated income restriction.

LEGISLATIVE HISTORY: New Bill

FISCAL IMPLICATIONS: See fiscal note

EFFECTIVE DATE: This bill shall take effect immediately


Text

STATE OF NEW YORK ________________________________________________________________________ 5545--A 2013-2014 Regular Sessions IN SENATE May 16, 2013 ___________
Introduced by Sen. GOLDEN -- read twice and ordered printed, and when printed to be committed to the Committee on Civil Service and Pensions -- recommitted to the Committee on Civil Service and Pensions in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee AN ACT to amend the retirement and social security law, in relation to eligibility of uniformed personnel of the New York city department of correction for ordinary disability benefits THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 507-a of the retirement and social security law is amended by adding a new subdivision f to read as follows: F. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, THERE SHALL BE NO RESTRICTIONS ON THE EARNINGS FROM EMPLOYMENT NOT IN PUBLIC SERVICE PERMITTED TO A MEMBER OF THE UNIFORMED PERSONNEL OF THE NEW YORK CITY DEPARTMENT OF CORRECTION WHO: 1. HAS RETIRED PURSUANT TO THE PROVISIONS OF THIS SECTION; AND 2. WAS SUBJECT TO THE PROVISIONS OF (I) SUBDIVISION D OF SECTION FIVE HUNDRED FOUR OF THIS ARTICLE, (II) SUBDIVISION C OF SECTION FIVE HUNDRED FOUR-A OF THIS ARTICLE, OR (III) SUBDIVISION C OF SECTION FIVE HUNDRED FOUR-B OF THIS ARTICLE PRIOR TO HIS OR HER RETIREMENT, SUBSEQUENT TO THE DATE AS OF WHICH HE OR SHE WOULD HAVE BEEN ELIGIBLE FOR SERVICE RETIRE- MENT. S 2. This act shall take effect immediately. FISCAL NOTE.-- Pursuant to Legislative Law, Section 50: PROVISIONS OF PROPOSED LEGISLATION: This proposed legislation would amend Retirement and Social Security Law ("RSSL") Section 507-a to add a new Subdivision f to remove restrictions on the earnings from employment in the private sector for periods subsequent to the former member's earliest eligibility date for Service Retirement for uniformed personnel of the New York City Department of Correction ("Correction Personnel") who were members of the New York City Employees' Retirement System

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