Bill Text: NY A07606 | 2015-2016 | General Assembly | Introduced

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Bill Title: Relates to calculating pension benefits for public employees.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-05-24 - held for consideration in governmental employees [A07606 Detail]

Download: New_York-2015-A07606-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         7606
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                     May 20, 2015
                                      ___________
       Introduced  by  M.  of  A.  FITZPATRICK -- read once and referred to the
         Committee on Governmental Employees
       AN ACT to amend the retirement and social security law, in  relation  to
         calculating pension benefits for public employees
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 75 of the retirement and  social  security  law  is
    2  amended by adding a new subdivision e to read as follows:
    3    E.  FOR  PURPOSES  OF  THIS TITLE, ALL FINAL AVERAGE SALARIES SHALL BE
    4  CALCULATED EXCLUSIVE OF ANY FORM OF OVERTIME COMPENSATION, UNUSED  VACA-
    5  TION TIME, UNUSED SICK LEAVE OR UNUSED PERSONAL TIME.
    6    S  2. Section 375 of the retirement and social security law is amended
    7  by adding a new subdivision e to read as follows:
    8    E. FOR PURPOSES OF THIS TITLE, ALL FINAL  AVERAGE  SALARIES  SHALL  BE
    9  CALCULATED  EXCLUSIVE OF ANY FORM OF OVERTIME COMPENSATION, UNUSED VACA-
   10  TION TIME, UNUSED SICK LEAVE OR UNUSED PERSONAL TIME.
   11    S 3. This act shall take effect on the ninetieth day  after  it  shall
   12  have become a law.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10151-01-5