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NY S08066

Bill

Official Source

Status

Vetoed

12/28/2018

Primary Sponsor

Martin Golden

Click for details

Origin

Senate

2017-2018 General Assembly

AI Summary

  • Amends retirement and social security law to allow employers under Article 14-B to elect providing improved accidental disability pensions to deputy sheriffs
  • Deputy sheriffs at electing employers receive 75% of final average salary (minus workers' compensation) instead of current 66.67% (two-thirds) benefit
  • Estimated annual contribution increase of 0.3% of deputy sheriff compensation for electing counties effective fiscal year ending March 31, 2019
  • One-time past service cost of 1.0% of deputy sheriff compensation payable by counties as single payment, estimated for February 1, 2019
  • Takes effect immediately upon enactment

Legislative Description

Relates to accidental disability retirement for deputy sheriffs; provides that deputy sheriffs shall receive a pension of three-quarters of their final average salary.

Last Action

VETOED MEMO.366

12/28/2018

Committee Referrals

Ways and Means6/6/2018
Civil Service and Pensions3/23/2018

Full Bill Text

No bill text available