Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 20, 2011 |
vetoed memo.26 |
Jul 08, 2011 |
delivered to governor |
Jun 22, 2011 |
returned to senate passed assembly ordered to third reading rules cal.584 substituted for a8335 |
Jun 21, 2011 |
referred to ways and means delivered to assembly passed senate ordered to third reading cal.1487 |
Jun 14, 2011 |
referred to rules |
Senate Bill S5756
Vetoed By Governor2011-2012 Legislative Session
Sponsored By
There are no sponsors of this bill.
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
Actions
Votes
2011-S5756 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8335
- Law Section:
- Retirement and Social Security Law
- Laws Affected:
- Amd ยง604-c, R & SS L
2011-S5756 (ACTIVE) - Sponsor Memo
BILL NUMBER:S5756 TITLE OF BILL: An act to amend the retirement and social security law, in relation to permitting Triborough bridge and tunnel members of the twenty-year/age fifty retirement program who have incurred contribution deficiencies to defer full repayment until 2015 SUMMARY OF PROVISIONS: Permits Tri-borough bridge and tunnel members of the twenty-year/age fifty retirement program who have incurred contribution deficiencies to defer full repayment until 2015. JUSTIFICATION: This bill extends the provision under Chapter 693 of the laws of 2003 to allow Tri-borough bridge and tunnel members of the twenty-year/age fifty retirement program who have incurred contribution deficiencies to defer full repayment until 2015. This bill would simply allow the retirement system to approve hardship extensions when and if deficiencies occur. LEGISLATIVE HISTORY: Chapter 693 of the laws of 2003. FISCAL IMPLICATIONS: See Fiscal Note
2011-S5756 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5756 2011-2012 Regular Sessions I N S E N A T E June 14, 2011 ___________ Introduced by COMMITTEE ON RULES -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the retirement and social security law, in relation to permitting Triborough bridge and tunnel members of the twenty-year/age fifty retirement program who have incurred contribution deficiencies to defer full repayment until 2015 THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 7-a of subdivision e of section 604-c of the retirement and social security law, as amended by chapter 693 of the laws of 2003, is amended to read as follows: 7-a. Notwithstanding paragraph six or seven of this subdivision, where a deficiency chargeable to a participant pursuant to paragraph three of this subdivision has not been paid in full while the participant is a Triborough bridge and tunnel member and such participant retires prior to July first, two thousand [eleven] FIFTEEN, such participant may elect to be covered by this paragraph. Such participant shall be entitled to the benefits provided in subdivision c of this section provided that participant authorizes the retirement system to deduct from such bene- fits an amount which will result in the deficiency, plus associated interest to date of final payment, being paid in full no later than July first, two thousand [eleven] FIFTEEN or such earlier date as agreed to by the participant. Such amount will be deducted in equal installments on a monthly basis. Nothing in this paragraph shall prevent the partic- ipant from making a partial payment of the amount of the deficiency at the time of retirement so as to reduce the monthly payment nor to make a lump sum payment equal to the amount of the total unpaid balance at any time during the period of repayment. S 2. This act shall take effect immediately. FISCAL NOTE.--PROVISIONS OF PROPOSED LEGISLATION: This proposed legis- lation would amend Retirement and Social Security Law ("RSSL") Section EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10859-02-1
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