New York S 8149: Relates to primary social security retirement benefits for certain police/fire members
Status: REFERRED TO CIVIL SERVICE AND PENSIONS (as of 2020-04-08)
State: New York · Session: 2019-2020 · Bill: S 8149
Sponsors: GOUNARDES
Bill Text
Bill Search and Legislative Information | New York State Assembly • • • • • • • • Skip to main content New York State Assembly Speaker Carl E. Heastie --> --> --> • Assembly Members • Legislative Info • Public Hearings • Speaker's Press • Assembly Reports • Committees & More • Bill Search Home • Laws • Legislative Calendar • Public Hearing Schedule • Assembly Calendars • Assembly Committee Agenda Javascript must be enabled to properly view this page. Bill No.: • Summary • Actions • Committee Votes • Floor Votes • Memo • Text • LFIN • Chamber Video/Transcript S08149 Summary: BILL NOS08149B   SAME ASSAME AS A08765-A   SPONSORJACKSON   COSPNSR   MLTSPNSR   Amd §608, R & SS L   Provides for an alternate final average salary calculation for Triborough bridge and tunnel members where such calculation includes certain dates. Go to top S08149 Actions: BILL NOS08149B   05/15/2025REFERRED TO CIVIL SERVICE AND PENSIONS 05/19/2025AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS 05/19/2025PRINT NUMBER 8149A 01/07/2026REFERRED TO CIVIL SERVICE AND PENSIONS 04/22/2026AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS 04/22/2026PRINT NUMBER 8149B Go to topS08149 Committee Votes: Go to topS08149 Floor Votes: There are no Assembly votes for this bill in this legislative session. Go to topS08149 Text: STATE OF NEW YORK ________________________________________________________________________ 8149--B 2025-2026 Regular Sessions IN SENATE May 15, 2025 ___________ Introduced by Sen. JACKSON -- read twice and ordered printed, and when printed to be committed to the Committee on Civil Service and Pensions -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- recommitted to the Committee on Civil Service and Pensions in accordance with Senate Rule 6, sec. 8 -- 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 the final average salary calculation for Triborough bridge and tunnel members The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 608 of the retirement and social security law is 2 amended by adding a new subdivision f to read as follows: 3 f. Notwithstanding the provisions of subdivisions a and b of this 4 section, with respect to a Triborough bridge and tunnel member, as 5 defined in subdivision a of section six hundred four-c of this article, 6 as amended by chapter six hundred ninety-three of the laws of two thou- 7 sand twenty-three, such member's final average salary computation that 8 includes the period beginning with the second pay period in March two 9 thousand twenty and ending with the second pay period in December two 10 thousand twenty-one, shall include for such period the greater of the 11 amount earned by such member during such period or computed using such 12 member's wages for such period plus a projected amount of overtime equal 13 to the number of hours included in such member's pay for the same pay 14 period in two thousand twenty-two multiplied by such member's wages for 15 the pay period for which the projection is being made. A member whose 16 retirement benefit is based upon a final average salary that includes 17 projected overtime, as computed pursuant to this subdivision, shall 18 remit to the New York city retirement system all member contributions, 19 basic member contributions, and additional member contributions that EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10890-04-6 S. 8149--B 2 1 would have been due had such member rendered such overtime service, 2 provided that such member shall not be required to remit such contrib- 3 utions for overtime service for which such member rendered served and 4 previously paid such contributions, and provided further that no inter- 5 est shall be due or owing on such contributions. A member may request a 6 final average salary estimate and a contribution estimate from the New 7 York city employees' retirement system. Such estimate shall be provided 8 to the requesting member within sixty days of its request. 9 § 2. This act shall take effect immediately. FISCAL NOTE.--Pursuant to Legislative Law, Section 50: SUMMARY: This proposed legislation would potentially increase Final Average Salary for Tier 4 and Tier 6 NYCERS members in the Triborough Bridge and Tunnel Authority (TBTA) 20-Year Plans whose overtime during 2022 exceeded overtime during the period beginning in March 2020 and ending in December 2021. EXPECTED INCREASE (DECREASE) IN EMPLOYER CONTRIBUTIONS by Fiscal Year for the first 25 years ($ in Thousands) Year NYCERS 2027 751.3 2028 740.3
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