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Bill > A05087
NY A05087
NY A05087Provides 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
02/10/2021
02/10/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
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 provides a temporary retirement incentive for certain public employees. Part A of the bill allows eligible employees 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 of the bill allows eligible employees who have attained age 55 with at least 25 years of service to retire without the early retirement reductions that would normally apply. The benefits under Part A and Part B are mutually exclusive, and employers electing to offer either incentive must pay the associated pension costs over a period of up to five years.
Committee Categories
Labor and Employment
Sponsors (35)
Thomas Abinanti (D)*,
Michael Montesano (R)*,
Charles Barron (D),
Ken Blankenbush (R),
Karl Brabenec (R),
Pat Burke (D),
Kevin Byrne (R),
William Colton (D),
Taylor Darling (D),
Joe DeStefano (R),
Inez Dickens (D),
Michael Durso (R),
Steven Englebright (D),
Patricia Fahy (D),
Judy Griffin (D),
Aileen Gunther (D),
Chantel Jackson (D),
Donna Lupardo (D),
Brian Manktelow (R),
Dave McDonough (R),
Karen McMahon (D),
John Mikulin (R),
Mike Norris (R),
Amy Paulin (D),
Phil Ramos (D),
Mike Reilly (R),
Karines Reyes (D),
Angelo Santabarbara (D),
Phil Steck (D),
Chris Tague (R),
Mike Tannousis (R),
Al Taylor (D),
Fred Thiele (D),
Latrice Walker (D),
Ken Zebrowski (D),
Last Action
referred to governmental employees (on 01/05/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/A5087 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A05087&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A05087 |
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