S00795 Summary:

BILL NOS00795
 
SAME ASSAME AS A07109
 
SPONSORLANZA
 
COSPNSRADDABBO
 
MLTSPNSR
 
Amd §212, R & SS L
 
Increases the amount of money a public retirement system retiree may earn in a position of public service in the year 2020 and thereafter to $50,000.
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S00795 Actions:

BILL NOS00795
 
01/09/2019REFERRED TO CIVIL SERVICE AND PENSIONS
01/08/2020REFERRED TO CIVIL SERVICE AND PENSIONS
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S00795 Committee Votes:

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S00795 Floor Votes:

There are no votes for this bill in this legislative session.
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S00795 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                           795
 
                               2019-2020 Regular Sessions
 
                    IN SENATE
 
                                       (Prefiled)
 
                                     January 9, 2019
                                       ___________
 
        Introduced  by  Sen.  LANZA  -- read twice and ordered printed, and when
          printed to be committed to the Committee on Civil Service and Pensions
 
        AN ACT to amend the retirement and social security law, in  relation  to
          increasing the retiree public earnings cap

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Subdivision 2 of section 212 of the retirement  and  social
     2  security  law,  as amended by chapter 74 of the laws of 2006, is amended
     3  to read as follows:
     4    2. The earning limitations for retired persons in positions of  public
     5  service  under  this  section  shall be in accordance with the following
     6  table:
 
     7          For the year                               Earnings limitation
     8          1996                                       $12,500
     9          1997                                       $13,500
    10          1998                                       $14,500
    11          1999                                       $15,500
    12          2000                                       $17,000
    13          2001                                       $18,500
    14          2002                                       $20,000
    15          2003                                       $25,000
    16          2004                                       $27,500
    17          2005 and 2006                              $27,500
    18          2007 [and thereafter] through 2019         $30,000
    19          2020 and thereafter                        $50,000
    20    § 2. This act shall take effect immediately.
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06503-01-9
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