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S4563-B Senator Savino

An ACT to amend the retirement and social security law, in relation to the employment of retired persons.

MEMORANDUM IN SUPPORT

S4563-B
Senator Savino

An ACT to amend the retirement and social security law, in relation to the employment of retired persons.

On behalf of the New York State Association of Chiefs of Police, we write to support Senate bill S 4563-B and urge its passage in both houses of the Legislature.

Under current law, retirees may earn up to $30,000 without diminution of retirement earnings. This legislation would continue a yearly pattern of granting retirees an increase in what they can earn. As a result, it would extend a program which has seen significant cost savings to states and localities, whereby they can hire back experienced employees at a dramatically reduced cost and without benefits.

Additionally, it should be noted that the dollar limitations expressed in this section of the retirement and social security law have traditionally tracked earning limitation amounts in federal law for social security recipients. Congress, however, in a series of reform measures passed in the late 1990's, has completely removed such limitation amounts. We would also fully support totally eliminating the earnings cap as the federal government has done. This would enhance an employer’s ability to attract well qualified applicants for available public safety positions.

Furthermore, pursuant to subdivision one of section 212, there are also no earning limitations on or after the calendar year in which any retired person attains age sixty-five.

Since this bill would authorize a retired person to earn up to $32,500 without loss, suspension or diminution of their retirement allowance, and thereby help to attract qualified candidates to public safety positions, we strongly urge that it be enacted into law.

New York State Association of Chiefs of Police

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