NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A6942
SPONSOR: Pheffer Amato TITLE OF BILL:
An act to amend the retirement and social security law, in relation to
the restoration of 20 year service retirement for certain New York city
corrections officers and sanitation workers
PURPOSE:
The purpose of this bill is to restore the 20-year service retirement
for New York city uniformed correction revised plan members hired on or
after April 1, 2012.
SUMMARY OF SPECIFIC PROVISIONS:
Section 1: Amends subdivision 17 of 501 of the Retirement and Social
Security Law to state that for New York city uniformed correction
revised plan members, normal retirement age shall be the age at which a
member completes or would have completed service.
Section 2: Amends subdivision d of 503 of the Retirement and Social
Security Law to state that the normal service retirement benefit speci-
fied in 505 of this Article shall be paid to New York city uniformed
correction revised plan members, after twenty years of service.
Section 3: Amends 505 of the Retirement and Social Security Law to add a
new subdivision d that states that notwithstanding anything to the
contrary in any other law, New York city uniformed correction revised
plan members shall be eligible for a normal service retirement benefit
in lieu of an early service retirement benefit upon completing twenty
years of service pursuant to subdivision d of 503 of this Article.
Section 4: Provides an effective date.
JUSTIFICATION:
This bill seeks to remedy an inequity facing recently hired New York
City correction officers.Uniformed workers hired after April 1, 2012 are
required to complete 22 years of service to be eligible for full retire-
ment benefits.The workforce hired prior to April 1, 2012 can retire with
full benefits after 20 years of service.
This inequity has played a role in the unprecedented crisis New York
City is experiencing in regarding the recruitment and retention of
Correction officers.
LEGISLATIVE HISTORY:
New bill
FISCAL IMPLICATIONS:
Please see fiscal note.
EFFECTIVE DATE:
This act shall take effect immediately.
