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NY S07771

Bill

Official Source

Status

Introduced

2/21/2018

Primary Sponsor

Catharine Young

Click for details

Origin

Senate

2017-2018 General Assembly

AI Summary

  • Establishes a retiree parity payment for state employees who served in classified managerial or confidential positions and retired between April 1, 2009 and March 31, 2015
  • Eligible retirees receive a $70 rebate payment for each month of salary increase withholding from April 1, 2009 until their retirement date or March 31, 2015, with a maximum total of $5,000
  • Provides an additional $5,000 payment to retirees who retired between April 1, 2015 and June 30, 2017, less any parity salary increases they received during the specified time period
  • Requires the Comptroller to certify eligible retirees to the Division of the Budget
  • Takes effect immediately upon enactment

Legislative Description

Provides a pension benefit parity payment to certain retirees from a state management/confidential position.

Last Action

COMMITTED TO RULES

6/20/2018

Committee Referrals

Rules6/20/2018
Civil Service and Pensions2/21/2018

Full Bill Text

No bill text available