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NY A11491
Bill
Status
6/17/2010
Primary Sponsor
Peter Abbate
Click for details
AI Summary
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Court reporters employed by the Unified Court System may retire without benefit reduction upon attainment of age 55 and completion of 25 or more years of service, applicable to Tier 2, 3, 4, and 5 members
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Tier 5 court reporters will be exempt from the 3% member contribution requirement after 10 years of service credit
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All operational costs of the act shall be borne by the Unified Court System
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Estimated annual cost increase of approximately $220,000 for fiscal year 2011, plus approximately 2.4% annual increase for Tier 5 court reporters, with a one-time past service cost of approximately $9.64 million
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Act takes effect immediately, with specific provisions regarding expiration and reversion of section 603 amendments per chapter 682 of the laws of 2003
Legislative Description
Provides for a 25 year retirement plan for Tier 2, Tier 3 and Tier 4 court reporters employed by the unified court system upon attainment of age 55; provides that the costs will be borne by the unified court system.
Last Action
referred to governmental employees
6/17/2010