Bill Text: NY A07872 | 2017-2018 | General Assembly | Amended
Bill Title: Increases the amount of money a public retirement system retiree may earn in a position of public service in the year 2019 and thereafter to $50,000.
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2018-01-30 - print number 7872a [A07872 Detail]
Download: New_York-2017-A07872-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 7872--A 2017-2018 Regular Sessions IN ASSEMBLY May 18, 2017 ___________ Introduced by M. of A. TITONE, SEPULVEDA, SKOUFIS, FRIEND -- read once and referred to the Committee on Governmental Employees -- recommitted to the Committee on Governmental Employees in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee 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 2018 $30,000 19 2019 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. LBD11048-03-8
