Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 30, 2015 |
signed chap.94 |
Jul 22, 2015 |
delivered to governor |
Jun 17, 2015 |
returned to assembly passed senate substituted for s4982 |
Jun 16, 2015 |
referred to rules delivered to senate passed assembly |
Jun 15, 2015 |
ordered to third reading rules cal.408 rules report cal.408 reported |
Jun 10, 2015 |
reported referred to rules reported referred to ways and means |
May 21, 2015 |
referred to governmental employees |
Assembly Bill A7670
Signed By Governor2015-2016 Legislative Session
Sponsored By
ABBATE
Archive: Last Bill Status - 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
co-Sponsors
David DiPietro
2015-A7670 (ACTIVE) - Details
- See Senate Version of this Bill:
- S4982
- Law Section:
- Retirement and Social Security Law
- Laws Affected:
- Amd §§23, 23-a, 323 & 323-a, R & SS L
2015-A7670 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7670 2015-2016 Regular Sessions I N A S S E M B L Y May 21, 2015 ___________ Introduced by M. of A. ABBATE -- (at request of the State Comptroller) -- read once and referred to the Committee on Governmental Employees AN ACT to amend the retirement and social security law, in relation to the calculation of employers' contributions to the New York state and local employees' retirement system and 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. The opening subparagraph of paragraph 1 of subdivision b of section 23 of the retirement and social security law, as amended by section 2 of part TT of chapter 57 of the laws of 2010, is amended to read as follows: Normal contribution. The rate of such contribution shall be applied to the members' annual compensation [as of the end of] EARNED DURING the PREVIOUS fiscal year. Such rate shall be a uniform and constant rate per centum of annual compensation. When applied to the compensation of the average new entrant during the remaining period of his or her membership, such rate shall be computed to be sufficient to provide all the benefits, other than those on account of prior service, granted by this article and which are payable from funds contributed to the pension accumulation fund. S 2. Paragraph 1 of subdivision b of section 23-a of the retirement and social security law, as added by section 1 of part A of chapter 49 of the laws of 2003, is amended to read as follows: 1. revision of the schedule pertaining to the valuation, billing and payment of contributions by the state and participating employers under which the valuation of the assets and liabilities of the retirement system undertaken on the first day of a fiscal year shall be used to determine the contribution rates to be applied to the pensionable sala- ries of the state and participating employers EARNED DURING SUCH FISCAL EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06927-01-5
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