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

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

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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-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         2447
                              2015-2016 Regular Sessions
                                   I N  S E N A T E
                                   January 23, 2015
                                      ___________
       Introduced  by  Sen.  FARLEY -- read twice and ordered printed, and when
         printed to be committed to the Committee on Civil Service and Pensions
       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
   15          2003                                       $25,000
   16          2004                                       $27,500
   17          2005 and 2006                              $27,500
   18          2007 [and thereafter] THROUGH 2014         $30,000
   19          2015 AND THEREAFTER                        $34,000
   20    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD07830-01-5