Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search. LegiScan is an impartial and nonpartisan legislative tracking and reporting service utilizing GAITS and LegiScan API, Senate Civil Service and Pensions Committee, https://www.nysenate.gov/legislation/bills/2021/S5559, https://assembly.state.ny.us/leg/?default_fld=&bn=S05559&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S05559. Assemblyman Tom Abinanti (D-Greenburgh) has introduced two bills that address early retirement for state and local government employees. This incentive would permit eligible members of an educational employer to retire without an early retirement reduction upon attainment of at least age 55 with 25 years of service. Is there a specific set of circumstances that the budget division is looking for that would prompt such a discussion? The bills include NYCERS, TRS and BERS members only {subpart C.} NY State and local pension systems are not mentioned. 212-279-2605, 515 Broadway, 4th Floor But for a state with an out-year budget gap of over $60 billion, early retirements alone may not make a big difference. WebThis legislation provides an Early Retirement Incentive option, only to certain employees of the City of New York and the NYC Board/Department of Education. Some city employees right now are making the very rational decision to delay retirement in case they will be offered an incentive; others will just move retirement up a year or two. New York, NY 10004. Thank you for sticking with us, and helping to bring about positive change for working people in New York. Pending: Senate Civil Service and Pensions Committee. Enables public employers to offer an age fifty-five with ten years of service or age fifty with twenty-five years of service temporary retirement incentives for certain public employees. Check the latest closings and delays for schools, business, and churches around CNY and the Mohawk Valley. WebThere shall be no 17 reduction for an eligible New York city employee in a physically taxing 18 position with twenty-five or more years of service and who is a partic- 19 ipant (i) in the Spectrum: Partisan Bill (Republican 8-0) Status: Introduced on March 11 2021 - 25% progression, died in committee. Roughly 20,000 people leave city government employment each year. The New York State Legislature has passed budget bills S2509C and A3009C, including an Early Retirement Incentive (ERI) {part KKK} and sent them to the governor on Were going to look into November and see where things are, and then we would look at what needs to be undertaken to do any kind of permanent spending reduction, Klopott continued. Any retiree must provide at least 14 days notice. The real threat now is that the fiscal relief of the federal fund infusion gives rise to a city rehiring spree. To date, CSEA has not seen any Early Retirement Incentives proposed through the legislature that we could support, said Mark Kotzin, CSEA Spokesman. There shall be no reduction for an 16 eligible New York city employee in a physically taxing position with 17 twenty-five or more years of service and who is a participant (i) in the 18 optional twenty-five year early retirement program for certain members 19 governed by section 604-c of the retirement and social security law, as 20 added by
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