Bill
Bill > A09606
NY A09606
NY A09606Increases the amount of money a public retirement system retiree may earn in a position of public service in the year 2024 and thereafter to $100,000.
summary
Introduced
03/26/2024
03/26/2024
In Committee
03/26/2024
03/26/2024
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 Retirement and Social Security Law to increase the earnings limitation for public retirement system retirees in positions of public service to $100,000 in the year 2024 and thereafter. The current earnings limitation is $35,000. This change will allow retirees to continue receiving their full retirement benefits while earning up to $100,000 in public service positions. The bill also notes that the increased costs will be borne by the State of New York and will require an appropriation to cover the additional pension benefits and lost employer contributions.
Committee Categories
Labor and Employment
Sponsors (1)
Last Action
referred to governmental employees (on 03/26/2024)
Bill Topics
Labor and Employment
- ‐ Employee Benefits
Social Welfare
- ‐ Retirement Issues
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/A9606 | 03/26/2024 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A09606&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A09606 | 03/26/2024 |
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