Bill Text: NY S02447 | 2015-2016 | General Assembly | Amended

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Bill Title: Increases the amount of money a retiree may earn in a position of public service in the year 2017 and thereafter to $35,000.

Spectrum: Bipartisan Bill

Status: (Engrossed - Dead) 2016-05-11 - referred to governmental employees [S02447 Detail]

Download: New_York-2015-S02447-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         2447--D
                               2015-2016 Regular Sessions
                    IN SENATE
                                    January 23, 2015
                                       ___________
        Introduced  by  Sens.  FARLEY,  BRESLIN, LARKIN, LATIMER, MURPHY -- read
          twice and ordered printed, and when printed to  be  committed  to  the
          Committee  on Civil Service and Pensions -- committee discharged, bill
          amended, ordered reprinted as amended and recommitted to said  commit-
          tee  --  committee  discharged,  bill  amended,  ordered  reprinted as
          amended and recommitted to said committee -- reported  favorably  from
          said  committee,  ordered  to  first  report, amended on first report,
          ordered to a second report and ordered reprinted, retaining its  place
          in the order of second report -- recommitted to the Committee on Civil
          Service  and  Pensions  in  accordance  with  Senate Rule 6, sec. 8 --
          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
          increasing the retiree earnings cap
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Subdivision 2 of section 212 of the retirement and social
     2  security law, as amended by chapter 74 of the laws of 2006,  is  amended
     3  to read as follows:
     4    2.  The earning limitations for retired persons in positions of public
     5  service under this section shall be in  accordance  with  the  following
     6  table:
     7          For the year                               Earnings limitation
     8          1996                                       $12,500
     9          1997                                       $13,500
    10          1998                                       $14,500
    11          1999                                       $15,500
    12          2000                                       $17,000
    13          2001                                       $18,500
    14          2002                                       $20,000
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07830-13-6