NY S02722

Bill

Provides 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).

Introduced
01/22/2021

In Committee
01/05/2022

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

2021-2022 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 enacts two parts that provide temporary retirement incentives for certain public employees in New York. Part A allows eligible employees of participating employers to receive an additional one-twelfth of a year of retirement service credit for each year of service, up to a maximum of three years, if they retire during a specified open period. Part B eliminates early retirement reductions for Tier 2, 3, and 4 members of various New York public retirement systems who are at least age 55 with 25 years of service and retire during a specified open period. The costs of the incentives will be paid by the employers over a period of up to five years.

Committee Categories

Labor and Employment

Sponsors (17)

Pete Harckham (D)*, Alessandra Biaggi (D), George Borrello (R), Philip Boyle (R), Samra Brouk (D), Jeremy Cooney (D), Patrick Gallivan (R), Todd Kaminsky (D), John Mannion (D), Michael Martucci (R), Mario Mattera (R), Shelley Mayer (D), Zellnor Myrie (D), Tony Palumbo (R), James Sanders (D), James Skoufis (D), Alexis Weik (R),

Last Action

REFERRED TO CIVIL SERVICE AND PENSIONS (on 01/05/2022)

Official Document

https://www.nysenate.gov/legislation/bills/2021/S2722

(4 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.nysenate.gov/legislation/bills/2021/S2722
BillText	https://assembly.state.ny.us/leg/?default_fld=&bn=S02722&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S02722A
BillText	https://assembly.state.ny.us/leg/?default_fld=&bn=S02722&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S02722

Bill	Bill Name	Last Action	Type
A05087	Provides 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).	referred to governmental employees	Same As
S08586	Provides 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).	REFERRED TO RULES	Reintroduced
S08599	Provides 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).	REFERRED TO RULES	Reintroduced
S09041	Authorizes certain public employers to offer temporary retirement incentives (Part A); provides an age 55/25 years temporary retirement incentive for certain public employees (Part B).	REFERRED TO RULES	Reintroduced

Bill > S02722

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (17)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary