BILL NUMBER: S6434
SPONSOR: JACKSON
 
TITLE OF BILL:
An act to amend the administrative code of the city of New York, in
relation to increasing benefits payable by the correction officers'
variable supplements fund to beneficiaries
 
PURPOSE:
To allow uniformed correction officers to collect variable supplement
fund payments from the date of their earliest eligibility for service
retirement.
 
SUMMARY OF PROVISIONS:
Section 1 adds a new subdivision 12 to Section 13-194 of the Administra-
tive Code of the City of New York to provide that upon retirement
uniformed correction officers may receive variable supplements payments
that he or she would have received had he or she retired on the date of
his or her earliest eligibility for service retirement.
Section 2 is the effective date.
 
JUSTIFICATION:
Allowing uniformed corrections officers to receive variable supplemental
payments that he or she would have received by his or her earliest
retirement eligibility provides an incentive for veteran corrections
officers to continue to serve once they have reached retirement age.
This incentive helps maintain an experienced workforce.
 
LEGISLATIVE HISTORY:
2023-2024: S.6560-A - Amend and Recommit to Civil Service and
Pensions/A.6862-A - Amend and Recommit to Governmental Employees
2021-2022: S.6983-A - Amend and Recommit to Civil Service and Pensions
2019-2020: S.6135-B - Amend and Recommit to Civil Service and
Pensions/A.8183-A - Amend and Recommit to Governmental Employees
 
STATE AND LOCAL FISCAL IMPLICATIONS:
See fiscal note.
 
EFFECTIVE DATE:
This act shall take effect immediately.