Bill Text: NY S07105 | 2015-2016 | General Assembly | Introduced
Bill Title: Relates to disability benefits for NYC fire department members who are New York city enhanced plan members.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2016-03-30 - RECOMMIT, ENACTING CLAUSE STRICKEN [S07105 Detail]
Download: New_York-2015-S07105-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 7105 IN SENATE March 28, 2016 ___________ Introduced by Sen. GOLDEN -- 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 disability benefits for certain members of the New York city fire department pension fund or the New York city employees' retirement system The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 24 of section 501 of the retirement and social 2 security law, as amended by chapter 18 of the laws of 2012, is amended 3 to read as follows: 4 24. "Wages" shall mean regular compensation earned by and paid to a 5 member by a public employer, except that for members who first join the 6 state and local employees' retirement system on or after January first, 7 two thousand ten, overtime compensation paid in any year in excess of 8 the overtime ceiling, as defined by this subdivision, shall not be 9 included in the definition of wages. "Overtime compensation" shall mean, 10 for purposes of this section, compensation paid under any law or policy 11 under which employees are paid at a rate greater than their standard 12 rate for additional hours worked beyond those required, including 13 compensation paid under section one hundred thirty-four of the civil 14 service law and section ninety of the general municipal law. The "over- 15 time ceiling" shall mean fifteen thousand dollars per annum on January 16 first, two thousand ten, and shall be increased by three percent each 17 year thereafter, provided, however, that for members who first become 18 members of the New York state and local employees' retirement system on 19 or after April first, two thousand twelve, "overtime ceiling" shall mean 20 fifteen thousand dollars per annum on April first, two thousand twelve, 21 and shall be increased each year thereafter by a percentage to be deter- 22 mined annually by reference to the consumer price index (all urban 23 consumers, CPI-U, U.S. city average, all items, 1982-84=100), published 24 by the United States bureau of labor statistics, for each applicable 25 calendar year. Said percentage shall equal the annual inflation as 26 determined from the increase in the consumer price index in the one year EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD14853-01-6