Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Oct 23, 2013 |
signed chap.453 |
Oct 11, 2013 |
delivered to governor |
Jun 20, 2013 |
returned to assembly passed senate 3rd reading cal.1567 substituted for s5767 |
Jun 20, 2013 |
substituted by a7586 ordered to third reading cal.1567 committee discharged and committed to rules |
Jun 13, 2013 |
referred to civil service and pensions |
Senate Bill S5767
Signed By Governor2013-2014 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status Via A7586 - Signed by Governor
- 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
Actions
Votes
2013-S5767 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A7586
- Law Section:
- Retirement
2013-S5767 (ACTIVE) - Sponsor Memo
BILL NUMBER:S5767 TITLE OF BILL: An act in relation to authorizing former employees of the State University of New York NY Network to retain membership in the optional retirement program PURPOSE: This legislation will allow former employees of the soon to be defunct SUNY NYNetwork an opportunity to elect to be reinstated as members of the SUNY Optional Retirement Plan (ORP). The provisions of this legislation will impact less than 15 employees. SUMMARY OF PROVISIONS: This legislation amends the retirement and social security law by adding a new section 120, and the education law, section 393 by adding a new subdivision 6 law to allow for the effected members to elect to be reinstated as members of the SUNY Optional. Retirement Plan (ORP). JUSTIFICATION: The SUNY NY Network will cease final operations as of June 7, 2013. Some of the employees of the SUNY NY Network (less than 15) will be or have been moved into positions in the Office of General Services and therefore are required to become members of the New York State & Local Employees' Retirement System (NYSLERS) and end their membership in the Optional Retirement Program (ORP). The majority of these employees have over ten years of credited service In the ORP and will see a dramatic loss in retirement security
2013-S5767 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5767 2013-2014 Regular Sessions I N S E N A T E June 13, 2013 ___________ Introduced by Sen. GOLDEN -- read twice and ordered printed, and when printed to be committed to the Committee on Civil Service and Pensions AN ACT in relation to authorizing former employees of the State Univer- sity of New York NY Network to retain membership in the optional retirement program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative intent. It is the intent of the legislature to allow former employees of the State University of New York NY Network who were transferred to positions within the New York state office of general services to elect to be reinstated as members of the State University of New York optional retirement program. S 2. Short title. An act authorizing former employees of the State University of New York NY Network to retain membership in the optional retirement program. S 3. Definitions. (a) "Employee" shall mean a former employee of the State University of New York NY Network; (b) "optional retirement program" shall mean the State University of New York optional retirement program. S 4. General provisions. Notwithstanding any other provision of law, employees who were members of the optional retirement program during their employment at the NY Network and who are now in the employ of the state of New York office of general services and became members of the New York state employees' retirement system may elect to be reinstated to the optional retirement program and terminate their membership in the New York state employees' retirement system. S 5. Notice of election. Such reinstatement to the optional retirement program from the New York state employees' retirement system must be notarized and submitted in writing to the office of general services within ninety days after the enactment of this special act, such rein- statement shall be irrevocable and will terminate the electors' member- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11206-01-3
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