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NY S08559

Bill

Official Source

Status

Vetoed

12/16/2022

Primary Sponsor

Andrew Gounardes

Click for details

Origin

Senate

2021-2022 General Assembly

AI Summary

  • Amends Retirement and Social Security Law Section 556 to allow employers to elect providing enhanced accidental disability pensions to deputy sheriffs
  • Deputy sheriffs at electing employers receive three-quarters of final average salary instead of the current two-thirds benefit for accidental disability
  • Estimated annual contribution increase of 0.2% of deputy sheriffs' compensation for electing counties in fiscal year 2023
  • Requires one-time past service cost of approximately 1.0% of affected deputy sheriffs' compensation, payable as of February 1, 2023
  • 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.135

12/16/2022

Committee Referrals

Ways and Means6/2/2022
Rules6/2/2022
Civil Service and Pensions3/14/2022

Full Bill Text

No bill text available