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NY A09606
Bill
Status
Introduced
3/26/2024
Primary Sponsor
Joseph Angelino
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AI Summary
- Amends the retirement and social security law to increase the earnings cap for retired persons in public service positions from $35,000 to $100,000 for 2024 and thereafter
- Allows retirees of the New York State and Local Retirement System (NYSLERS) to continue receiving full retirement benefits while earning up to $100,000 annually from public employment
- Estimated annual cost of $32,000 per retiree in NYSLERS, funded by State appropriation
- Estimated annual cost of $52,000 per retiree in the New York State and Local Police and Fire Retirement System (NYSLPFRS), shared by State and participating employers
- Takes effect immediately upon enactment
Legislative Description
Increases the amount of money a public retirement system retiree may earn in a position of public service in the year 2024 and thereafter to $100,000.
Last Action
referred to governmental employees
3/26/2024
Committee Referrals
Governmental Employees3/26/2024
Full Bill Text
No bill text available