Bill
Bill > S07075
NY S07075
NY S07075Relates to the eligibility of New York city transit authority employees for performance of duty disability retirement.
summary
Introduced
05/17/2023
05/17/2023
In Committee
05/22/2024
05/22/2024
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 the eligibility of New York city transit authority employees for performance of duty disability retirement
AI Summary
This bill amends the Retirement and Social Security Law to grant New York City Transit Authority (NYCTA) employees who participated in World Trade Center rescue, recovery, or cleanup operations and became physically or mentally incapacitated as a result, a performance of duty disability retirement allowance equal to 75% of their final average salary. The bill allows these employees to invoke the medical review procedure to determine their eligibility for this enhanced disability benefit. The fiscal note estimates the potential increase in employer contributions and actuarial liabilities for the NYCERS pension system, which would be allocated to the NYCTA.
Committee Categories
Budget and Finance, Labor and Employment
Sponsors (2)
Last Action
REPORTED AND COMMITTED TO FINANCE (on 05/22/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...