Chapter 445 of the laws of 2006 amends the World Trade Center (WTC) Presumption
Law enacted in 2005 to cover the statutory beneficiaries of eligible employees
who die from illnesses or diseases contracted as a result of their participation
in WTC rescue, recovery or cleanup operations.
This law also amends the
accidental disability provisions for Tier 3 Correction
Officers (Section 507-c of the Retirement and Social Security Law) to include
the WTC Presumption Law and as a result, the deadline to file the Notice of
Participation for such officers is now August 14, 2008.
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Chapter 697
This law permits Carpenters and Supervisor Carpenters who were laid off because
of economy measures on or after June 1, 1991 and who returned to service prior
to July 1, 1993 to purchase credit for the period of time they were laid
off. Eligible Carpenters and Supervisory Carpenters are required to
contribute an amount equal to the ordinary member contributions that would have
paid during the layoff period as if they had actually been in service during
such period.
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Chapter 652
This law extends the option of electing an annuity to a Tier 2 member or, upon
the member's death, to his or her beneficiary. Currently, only Tier 1
members may elect to receive death benefits in the form of an annuity.
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Chapter 713
This law permits retired police officers, correction officers, deputy sheriffs
and fire marshals, who are appointed to the office of New York City Marshal, to
collect the full amount of their retirement allowance payments while receiving
compensation as a New York City Marshal.
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Chapter 711
This law corrects certain technical errors in the District Attorney's
Investigator (DAI) 20-year retirement plan enacted in 2004. Specifically,
this law allows prior non-investigator service to count as creditable service
beyond the required 20-year minimum. The law also clarifies the
calculation for both investigator and non-investigator service for credited
service beyond the 20-year minimum.
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Chapter 734
Chapter 734 of the laws of 2006 allows non-supervisory transit operating
members of the Amalgamated Transit Union (ATU) to apply for a refund of their
accumulated additional member contributions made in accordance with the 25
year/age 55 retirement plan enacted in 1994. ATU transit operating members who,
on December 28, 2005, had an accumulated balance of additional member
contributions at NYCERS, are eligible to apply for a refund of such
contributions.
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Chapter 225
Chapter 225 of the Laws of 2006 amends RSSL §651 which provides for a reduction
of the retirement age for TBTA officers, sergeants or lieutenants (with at
least one competitive appointment), bridge and tunnel maintainer titles or TBTA
laborers for each year of covered employment.
This law expands the covered period to employment performed on or before
December 31, 2008 (previously the covered period ended on 12/31/06).
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Chapter 74
This law amended RSSL §212 regarding the earnings limitation for retired person
in positions of public service. For the year 2007 and thereafter the
earnings limitation is $30,000. This law was signed into effect on June 7, 2006
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Chapter 88
Chapter 88 of the Laws of 2006 increases the special accidental death benefit,
by 3% or more for deaths that occurred in 2006 or earlier for Correction
Officers, Housing and Transit Police, certain EMTs and TBTA members. The
benefit is payable to the widow or widower or the children of the deceased
under 18 years of age or under 23 if the child is a student if the widow or
widower is deceased. This law was signed into effect on June 7, 2006.
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Vetoed Bills
Early Retirement Incentive
On July 7, 2006 the NYS Legislature delivered 1 NYCERS related bill to the
Governor for his signature/veto and the bill was vetoed. This bill would have
allowed Tier 2, 3, and 4 members who have 25 years of service and age 55 to
retire without reduction in benefits. There were two indentical parts to the
bill. One with a 90-day opt in period in 2007 and the second with a 90-day opt
in period in 2008. The open period would have been determined by the Mayor.
No additional service was granted under this bill. Members would have to meet a
25/55 standard to be eligible. |
