Bill Text: NY S00200 | 2017-2018 | General Assembly | Amended


Bill Title: Provides for an increase in the rates of annuities payable to veterans and surviving spouses of veterans.

Spectrum: Strong Partisan Bill (Republican 18-1)

Status: (Engrossed - Dead) 2018-06-18 - referred to ways and means [S00200 Detail]

Download: New_York-2017-S00200-Amended.html


                STATE OF NEW YORK
        ________________________________________________________________________
                                         200--B
            Cal. No. 1171
                               2017-2018 Regular Sessions
                    IN SENATE
                                       (Prefiled)
                                     January 4, 2017
                                       ___________
        Introduced  by Sens. MARCHIONE, AKSHAR, AMEDORE, AVELLA, BONACIC, CROCI,
          DeFRANCISCO, FUNKE, GALLIVAN, HANNON, HELMING, LARKIN, MURPHY, O'MARA,
          ORTT, PHILLIPS, RANZENHOFER, RITCHIE, SEWARD -- read twice and ordered
          printed, and when printed to be committed to the Committee  on  Veter-
          ans,  Homeland  Security  and  Military  Affairs -- recommitted to the
          Committee on Veterans,  Homeland  Security  and  Military  Affairs  in
          accordance  with  Senate  Rule 6, sec. 8 -- committee discharged, bill
          amended, ordered reprinted as amended and recommitted to said  commit-
          tee  --  reported  favorably  from said committee and committed to the
          Committee on Finance -- committee discharged and said  bill  committed
          to  the  Committee on Rules -- reported favorably from said committee,
          ordered to a third reading, passed by  Senate  and  delivered  to  the
          Assembly,  recalled,  vote  reconsidered,  restored  to third reading,
          amended and ordered reprinted, retaining its place  in  the  order  of
          third reading
        AN  ACT  to  amend  the  executive  law, in relation to providing for an
          increase in the rates of annuities payable to veterans  and  surviving
          spouses of veterans
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subdivision 3 of section 362 of the executive law, as added
     2  by chapter 251 of the laws of 2004, is amended to read as follows:
     3    3. Annual adjustment. Commencing in the year two thousand [five] nine-
     4  teen the amount of any annuity payable under subdivision one or  two  of
     5  this  section  shall  be one thousand five hundred dollars, and for each
     6  year thereafter, the amount of any annuity payable  under  this  section
     7  shall  be  the  same amount as the annuity payable in the preceding year
     8  plus a percentage adjustment equal to the annual percentage increase, if
     9  any, for compensation and pension benefits administered  by  the  United
    10  States  Department  of  Veterans'  Affairs  in the previous year.   Such
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04044-09-8

        S. 200--B                           2
     1  percentage increase shall be rounded up to the next highest one-tenth of
     2  one percent and shall not be less than one percent nor  more  than  four
     3  percent.  Commencing  in  the  year  two  thousand five, the director of
     4  veterans'  affairs,  not  later  than February first of each year, shall
     5  publish by any reasonable means, including but not limited to posting on
     6  the division's website, the amount of the annuity  as  adjusted  payable
     7  under this section.
     8    § 2. This act shall take effect immediately.
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