- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
| Assembly Actions - Lowercase Senate Actions - UPPERCASE | |
|---|---|
| Jan 03, 2024 | referred to civil service and pensions |
| Feb 03, 2023 | referred to civil service and pensions |
co-Sponsors
(R, C) 57th Senate District
(R, C) 60th Senate District
(R, C) 53rd Senate District
(R, C, IP) 54th Senate District
View additional co-sponsors
(R, C) 2nd Senate District
(R, C) 51st Senate District
(R) 39th Senate District
(D) 42nd Senate District
(R, C) 8th Senate District
2023-S4124 (ACTIVE) - Details
Current Committee: Senate Civil Service And Pensions Law Section: Retirement and Social Security Law Laws Affected: Amd §212, R & SS L Versions Introduced in Other Legislative Sessions: 2015-2016: S4345
2017-2018: S5725
2019-2020: S795
2021-2022: S4920
2023-S4124 (ACTIVE) - Summary
Increases 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.
2023-S4124 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4124 SPONSOR: LANZA TITLE OF BILL: An act to amend the retirement and social security law, in relation to increasing the retiree public earnings cap PURPOSE: This bill would increase the amount that a public retiree under'sixtyfive years of age may earn in public employment without a reduction of his or her retirement benefits. SUMMARY OF PROVISIONS: The bill amends subdivision 2 of Section 212 of the Retirement and Social Security Law. It would allow a public retiree to earn up to $50,000 in public employment without reducing the retiree's pension. JUSTIFICATION:
Under current law, retirees may earn up to $30,000 from public employ- ment without diminution of retirement earnings. From 1996 through 2004 this earnings limit was raised each year. The last time it was increased was in 2007 when it was raised from $27,500 to $30,000. Increasing the mount up to $50,000 for retirees under 65 years of age would allow state and local governments the ability to hire experienced employees at a significant) reduced cost without paying for employee benefits. Pursuant to subdivision one of section 212, there are no earning limitations applicable to retired persons who are age sixty-five or older. LEGISLATIVE HISTORY: 2022: S.4920 - Referred to Civil Service/A.2453 - Referred to Govermen- tal Employees 2021: S.4920 - Referred to Civil Service/A.2453 - Referred to Govermen- tal Employees 2020: S.795 -Referred to Civil Service/A.7109 Referred to Governmental Employees 2019: S.795 - Referred to Civil Service/ A.7109 Referred to Governmental Employees 2018: S.5725-A - Referred to Civil Service & Pensions / A.7872-A Referred to Governmental Employees 2017: S.5725 - Died on Third Reading Calendar / A.7872 - Referred to Governmental Employees 2016: S.4345A - Referred to Civil Service & Pensions 2015: S.4345 - 3rd Reading Calendar FISCAL IMPLICATIONS: None. EFFECTIVE DATE: Immediately.
2023-S4124 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4124 2023-2024 Regular Sessions I N S E N A T E February 3, 2023 ___________ Introduced by Sens. LANZA, BORRELLO, HELMING -- 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: Section 1. Subdivision 2 of section 212 of the retirement and social security law, as amended by chapter 589 of the laws of 2019, is amended to read as follows: 2. The earning limitations for retired persons in positions of public service under this section shall be in accordance with the following table: For the year Earnings limitation 1996 $12,500 1997 $13,500 1998 $14,500 1999 $15,500 2000 $17,000 2001 $18,500 2002 $20,000 2003 $25,000 2004 $27,500 2005 and 2006 $27,500 2007 through 2019 $30,000 2020 [and thereafter] THROUGH 2023 $35,000 2024 AND THEREAFTER $50,000 § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06500-01-3
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Why exactly is there a cap? Why do retirees 65 and older have no cap? Sounds like age discrimination to me. Please remove the cap altogether. Thank you.
Charles_FullerWhat is the holdup on this ? This is a no-brainer & a MUST for NYS retirees that want to continue to work/contribute to their community.
As a seasoned, experience NYS Retiree smaller Towns and Villages are having tremendous difficulty in finding part time staff in the bookkeeping areas. Please take action on this as soon as possible. This will assist our very small communities in the ability to hire part time retirees. It's really a win-win.
daleygina779Please pass this Bill, I'm retired live in NY. With this 30k cap we can't male it. Things have doubled or even certain things tripled. There are shortages of these civil service jobs, transportation, teachers etc. We need the money, you need the hired experience workers.
Please pass this bill
Please pass this without delay we retirees deserve this
