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Bill > A06950


NY A06950

NY A06950
Provides that a member of a public retirement system of the state who is a disabled veteran may retire without reduction of their retirement benefit upon their attainment of at least fifty-five years of age and completion of at least thirteen years of credited service in such retirement system.


summary

Introduced
05/09/2023
In Committee
01/03/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 General Assembly

Bill Summary

AN ACT to amend the retirement and social security law, in relation to providing for early retirement without a pension reduction for certain disabled veterans

AI Summary

This bill amends the retirement and social security law to allow members of a public retirement system in New York who are disabled veterans to retire without a reduction in their retirement benefit upon reaching at least 55 years of age and completing at least 13 years of credited service in the retirement system. The term "disabled veteran" is defined as a veteran who is certified by the U.S. Veterans' Administration or a military department as having a service-connected disability of at least 60% that was incurred or aggravated during active military service. The costs for this early retirement provision will be paid by the state and all employers participating in the retirement system.

Committee Categories

Labor and Employment

Sponsors (1)

Last Action

referred to governmental employees (on 01/03/2024)

bill text


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