Establishes a defined contribution plan for all non-civil service appointees and elected officials of the New York state and local employees' retirement system who are not yet vested in a state retirement system or who are hired after the effective date of this section; authorizes elected officials to join such defined contribution plan; defines terms; provides for contributions to such defined contribution plan; authorizes the promulgation of any necessary rules and regulations.
Relates to establishing a defined contribution program for which elected officials are deemed mandatory members.
Restricts form, amount and time of political contributions by lobbyists and the acceptance of such contributions by public officials.
Makes it unlawful for a vendor to make, either directly or indirectly, any contribution to a statewide elected official, a candidate for a statewide elected office, or their authorized political committee, during a certain restricted period; requires a candidate, officeholder, or political committee that receives such contributions to return or refund the contributions forthwith; requires procurement contracts to contain a statement that the vendor awarded the contract has not made any such contributions.
Relates to requiring elected officials for certain elected offices to post certain information regarding contributions on such candidate's campaign website; requires the listing of donor names, and the amount of donor contributions of each donor for every contribution in excess of two hundred fifty dollars.
Relates to the rate of interest used in the actuarial valuation of liabilities for the purpose of calculating contributions to the New York city employees' retirement system, the New York city teachers' retirement system, the police pension fund, subchapter two, the fire department pension fund, subchapter two and the board of education retirement system of such city by public employers and other obligors required to make employer contributions to such retirement systems, the crediting of special interest and additional interest and additional interest to members of such retirement systems, and the allowance of supplementary interest on the funds of such retirement systems; extends such provisions until June 30, 2025.
Relates to the rate of interest used in the actuarial valuation of liabilities for the purpose of calculating contributions to the New York city employees' retirement system, the New York city teachers' retirement system, the police pension fund, subchapter two, the fire department pension fund, subchapter two and the board of education retirement system of such city by public employers and other obligors required to make employer contributions to such retirement systems, the crediting of special interest and additional interest and additional interest to members of such retirement systems, and the allowance of supplementary interest on the funds of such retirement systems; extends such provisions until June 30, 2025.
Provides that retirement contributions of public employees with ten or more years of service shall be three per centum per annum.
Provides that retirement contributions of certain public employees shall be three per centum of annual wages.
Provides that retirement contributions of certain public employees shall be three per centum of annual wages.