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Bill > S04124
NY S04124
NY S04124Increases the amount of money a public retirement system retiree may earn in a position of public service in the year 2024 and thereafter to $50,000.
summary
Introduced
02/03/2023
02/03/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the retirement and social security law, in relation to increasing the retiree public earnings cap
AI Summary
This bill amends the New York retirement and social security law to increase the annual earnings limit for public retirement system retirees in public service positions. Specifically, the bill raises the earnings cap from $35,000 to $50,000 starting in the year 2024 and thereafter. This change allows retirees to earn up to $50,000 in a public service position without facing penalties or reductions to their retirement benefits.
Committee Categories
Labor and Employment
Sponsors (10)
Andrew Lanza (R)*,
George Borrello (R),
Patrick Gallivan (R),
Joe Griffo (R),
Pam Helming (R),
Mario Mattera (R),
Peter Oberacker (R),
Rob Rolison (R),
James Skoufis (D),
Alexis Weik (R),
Last Action
REFERRED TO CIVIL SERVICE AND PENSIONS (on 01/03/2024)
Bill Topics
Labor and Employment
- ‐ Employee Benefits
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/S4124 | 02/03/2023 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S04124&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S04124 | 02/03/2023 |
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