Bill Text: NY A02866 | 2017-2018 | General Assembly | Amended
Bill Title: Provides for an increase in the rates of annuities payable to veterans and surviving spouses of veterans.
Spectrum: Slight Partisan Bill (Democrat 23-14)
Status: (Introduced - Dead) 2018-06-05 - reported referred to ways and means [A02866 Detail]
Download: New_York-2017-A02866-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 2866--B 2017-2018 Regular Sessions IN ASSEMBLY January 23, 2017 ___________ Introduced by M. of A. McDONALD, MOSLEY, CRESPO, RAIA, CROUCH, STEC, STECK, PERRY, LAWRENCE, GOTTFRIED, PAULIN, GUNTHER, CUSICK, THIELE, SKOUFIS, JENNE, RA, BUTLER, DiPIETRO, HAWLEY, ORTIZ, SANTABARBARA, ABBATE, BLANKENBUSH, MORINELLO, BLAKE, B. MILLER -- Multi-Sponsored by -- M. of A. BARCLAY, BENEDETTO, BRAUNSTEIN, GIGLIO, HOOPER, HYNDMAN, LUPARDO, MAGEE, McDONOUGH, RAMOS -- read once and referred to the Committee on Veterans' Affairs -- recommitted to the Committee on Veterans' Affairs in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- recommitted to the Committee on Veterans' Affairs in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the executive law, in relation to providing for an increase in the rates of annuities payable to veterans and surviving spouses of veterans The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 3 of section 362 of the executive law, as added 2 by chapter 251 of the laws of 2004, is amended to read as follows: 3 3. Annual adjustment. Commencing in the year two thousand [five] nine- 4 teen the amount of any annuity payable under subdivision one or two of 5 this section shall be one thousand five hundred dollars, and for each 6 year thereafter, the amount of any annuity payable under this section 7 shall be the same amount as the annuity payable in the preceding year 8 plus a percentage adjustment equal to the annual percentage increase, if 9 any, for compensation and pension benefits administered by the United 10 States Department of Veterans' Affairs in the previous year. Such 11 percentage increase shall be rounded up to the next highest one-tenth of 12 one percent and shall not be less than one percent nor more than four 13 percent. Commencing in the year two thousand five, the director of EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD04044-08-8A. 2866--B 2 1 veterans' affairs, not later than February first of each year, shall 2 publish by any reasonable means, including but not limited to posting on 3 the division's website, the amount of the annuity as adjusted payable 4 under this section. 5 § 2. This act shall take effect immediately.
