Bill Text: NY A07109 | 2019-2020 | General Assembly | Introduced

New York Assembly Bill 7109 (Prior Session Legislation)

Introduced

Bill Title: 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.

Spectrum: Moderate Partisan Bill (Democrat 21-5)

Status: (Introduced - Dead) 2020-01-08 - referred to governmental employees [A07109 Detail]

Download: New_York-2019-A07109-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          7109
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                      April 8, 2019
                                       ___________
        Introduced  by  M. of A. FALL -- read once and referred to the Committee
          on Governmental Employees
        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