New York S 4779: Relates to establishing a variable supplements fund for sanitation members of the New York city employees' retirement system

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S04779 Summary:

BILL NOS04779 

&nbsp

SAME ASSAME AS A03352

&nbsp

SPONSORJACKSON

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §§13-101 & 13-133, add §§13-197 & 13-198, NYC Ad Cd

&nbsp

Relates to establishing a variable supplements fund for sanitation members of the New York city employees' retirement system; creates a board to manage such fund and to make payments.

Go to top S04779 Actions:

BILL NOS04779 

&nbsp

02/12/2025REFERRED TO CIVIL SERVICE AND PENSIONS

01/07/2026REFERRED TO CIVIL SERVICE AND PENSIONS

Go to topS04779 Committee&nbspVotes:

Go to topS04779 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS04779 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4779

 2025-2026 Regular Sessions

 IN SENATE

 February 12, 2025
 ___________

 Introduced by Sen. JACKSON -- read twice and ordered printed, and when
 printed to be committed to the Committee on Civil Service and Pensions

 AN ACT to amend the administrative code of the city of New York, in
 relation to establishing a variable supplements fund for sanitation
 members of the New York city employees' retirement system

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Section 13-101 of the administrative code of the city of
 2 New York is amended by adding a new subdivision 97 to read as follows:
 3 97. "Sanitation variable supplements fund". The sanitation variable
 4 supplements fund established by section 13-197 of this chapter.
 5 § 2. The administrative code of the city of New York is amended by
 6 adding a new section 13-197 to read as follows:
 7 § 13-197 Sanitation variable supplements fund. 1. As used in this
 8 section, the following words and phrases shall have the following mean-
 9 ings, unless a different meaning is plainly required by the context:
 10 (a) "Association". The uniformed sanitationmen's association and the
 11 sanitation officers' association.
 12 (b) "Variable supplements board". The board of trustees provided for
 13 in subdivision three of this section.
 14 (c) "Beneficiary". Any person who (1) receives a retirement allowance
 15 by reason of having retired from service as a sanitation member, or (2)
 16 receives a benefit by reason of election of an option by such sanitation
 17 member.
 18 (d) "Variable supplement". Any sum authorized to be paid to a benefi-
 19 ciary by the variable supplements board pursuant to the provisions of
 20 this section.
 21 2. (a) There is hereby established a fund, to be known as the sanita-
 22 tion variable supplements fund. Such fund shall consist of such monies
 23 as may be paid thereto from the retirement system pursuant to the
 24 provisions of section 13-198 of this chapter and all other monies
 25 received by such fund from any other source pursuant to law.
 26 (b) It is hereby declared by the legislature that the sanitation vari-
 27 able supplements fund shall not be, and shall not be construed to

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD07038-01-5

 S. 4779 2

 1 constitute, a pension or retirement system or fund, and that it shall
 2 function as a means whereby payments, not constituting a pension or
 3 retirement allowance, may be made at the discretion of the variable
 4 supplements board, in accordance with the provisions of this section, to
 5 eligible beneficiaries, as a supplement to benefits received by them
 6 pursuant to this title. The legislature hereby reserves to the state and
 7 itself the right and power to amend, modify or repeal any or all of the
 8 provisions of this section.
 9 3. (a) The sanitation variable supplements fund shall be administered
 10 by a board of trustees which shall, subject to applicable provisions of
 11 law, from time to time establish rules and regulations for the adminis-
 12 tration and transaction of the business of such fund and for the control
 13 and disposition thereof.
 14 (b) Such variable supplements board shall consist of:
 15 (1) The representative of the mayor who is a member of the board of
 16 trustees of the retirement system, who shall be entitled to cast one
 17 vote. The mayor may, by instrument in writing filed in