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Bill > A10595
NY A10595
NY A10595Provides a temporary retirement incentive for certain public employees (Part A); provides an age 55/25 years temporary retirement incentive for certain public employees (Part B).
summary
Introduced
06/05/2020
06/05/2020
In Committee
06/05/2020
06/05/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2019-2020 General Assembly
Bill Summary
AN ACT to provide a temporary retirement incentive for certain public employees (Part A); and to provide an age 55/25 years temporary retirement incentive for certain public employees (Part B)
AI Summary
This bill provides a temporary retirement incentive for certain public employees. Part A of the bill allows eligible public employees in eligible titles to receive an additional retirement service credit of up to 3 years. Part B of the bill allows eligible public employees aged 55 or older with 25 or more years of service to retire without the usual age-based reductions to their retirement benefits. The bill is intended to help public employers achieve cost savings and avoid layoffs during a time of fiscal need, though the retirement incentives are only temporary and do not create an expectation of future benefits. The bill defines the eligible employees, titles, and employers, as well as the process for employers to offer the incentives and the benefits available to eligible employees.
Committee Categories
Labor and Employment
Sponsors (33)
Thomas Abinanti (D)*,
Carmen Arroyo (OTHER),
Charles Barron (D),
Karl Brabenec (R),
Pat Burke (D),
William Colton (D),
Clifford Crouch (R),
Anthony D'Urso (D),
Taylor Darling (D),
Joe DeStefano (R),
Inez Dickens (D),
Steven Englebright (D),
Gary Finch (R),
Judy Griffin (D),
Aileen Gunther (D),
Donna Lupardo (D),
John McDonald (D),
Dave McDonough (R),
Karen McMahon (D),
John Mikulin (R),
Walter Mosley (D),
Tony Palumbo (R),
Amy Paulin (D),
Phil Ramos (D),
Mike Reilly (R),
Karines Reyes (D),
Angelo Santabarbara (D),
Phil Steck (D),
Chris Tague (R),
Al Taylor (D),
Fred Thiele (D),
Latrice Walker (D),
Ken Zebrowski (D),
Last Action
referred to governmental employees (on 06/05/2020)
Official Document
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