Senate Bill S5785

Signed By Governor
2015-2016 Legislative Session

Relates to allowing members of the NYSLPFRS to receive credit for service rendered with Metro-North, the L.I. Railroad or MTA

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A7547 - 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

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2015-S5785 (ACTIVE) - Details

See Assembly Version of this Bill:
A7547
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd ยง343, R & SS L
Versions Introduced in 2013-2014 Legislative Session:
S7256, A9593

2015-S5785 (ACTIVE) - Summary

Allows any police officer who was employed by the Metropolitan Transportation Authority, the Long Island Railroad Company or the Metro-North Commuter Railroad Company and who is a member of the MTA police retirement program to transfer his or her membership to the New York State and Local Police and Fire Retirement System.

2015-S5785 (ACTIVE) - Sponsor Memo

2015-S5785 (ACTIVE) - Bill Text download pdf

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

                                  5785

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                              June 3, 2015
                               ___________

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 to amend the retirement and social security law, in  relation  to
  allowing  the  transfer  of  membership  in  the MTA police retirement
  program to the New York state and local  police  and  fire  retirement
  system

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

  Section 1. Subdivision a of section 343 of the retirement  and  social
security law, as amended by chapter 728 of the laws of 2006, the opening
paragraph  as  further amended by section 104 of part A of chapter 62 of
the laws of 2011, is amended to read as follows:
  a. Notwithstanding any other provision of law providing for transfers,
any member of any retirement system maintained by the state or a munici-
pality thereof, operating on a sound financial basis and subject to  the
supervision  of  the  department of financial services of this state may
transfer his or her membership pursuant to this section to the New  York
state and local employees' retirement system, the New York city board of
education  employees'  retirement  system,  the New York state teachers'
retirement system, the New York state and local police and fire  retire-
ment  system  or  to the New York city employees' retirement system. Any
member of the New York state and local police and fire retirement system
may transfer his or her membership to any retirement system, other  than
the  hospital retirement system, which is operating on a sound basis and
is subject to the supervision of the department of financial services of
this state. Any police officer employed by the metropolitan  transporta-
tion  authority who is a member of the MTA police twenty year retirement
program of the metropolitan  transportation  authority  defined  benefit
pension plan (hereinafter referred to in this section as the "MTA police
retirement  program") may transfer his or her membership in the New York
state and local police and fire retirement system and/or  the  New  York

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08333-02-5
              

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