Bill Text: NY A06606 | 2015-2016 | General Assembly | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relates to members of the twenty-year/age fifty retirement program for Triborough bridge and tunnel members.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed - Dead) 2016-06-16 - REFERRED TO RULES [A06606 Detail]

Download: New_York-2015-A06606-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         6606--A
                               2015-2016 Regular Sessions
                   IN ASSEMBLY
                                     March 27, 2015
                                       ___________
        Introduced  by  M.  of A. ABBATE, GOLDFEDER -- read once and referred to
          the Committee on Governmental Employees -- recommitted to the  Commit-
          tee on Governmental Employees 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 retirement and social security law, in  relation  to
          members of the twenty-year/age fifty retirement program for Triborough
          bridge and tunnel members
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Paragraph 1 of  subdivision  e  of  section  604-c  of  the
     2  retirement  and  social  security  law, as amended by chapter 661 of the
     3  laws of 2002, is amended to read as follows:
     4    1. In addition to the member contributions  required  by  section  six
     5  hundred  thirteen  of  this  article,  each  participant  in the twenty-
     6  year/age fifty retirement program in the rank of bridge and tunnel offi-
     7  cer shall contribute to the retirement system of which he or  she  is  a
     8  member (subject to the applicable provisions of subdivision d of section
     9  six  hundred thirteen of this article) an additional five and fifty one-
    10  hundredths percent of his or her compensation and  each  participant  in
    11  the  twenty-year/age fifty retirement program in the rank of sergeant or
    12  lieutenant shall contribute to the retirement system an  additional  six
    13  percent  of  his  or  her  compensation  earned [from] for all allowable
    14  service as a Triborough bridge and tunnel member rendered on  and  after
    15  the  date which is one hundred eighty days prior to the starting date of
    16  the twenty-year/age fifty retirement program and  all  credited  service
    17  after  such person ceases to be a participant but before he or she again
    18  becomes a participant pursuant to paragraph six of subdivision b of this
    19  section.  A participant in the twenty-year/age fifty retirement  program
    20  shall  contribute additional member contributions until the later of (i)
    21  the date as of which he or she has twenty years of credited service as a
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09868-02-6