NEWS
Cuomo Vetoes Veterans Benefit Bill
Just days after election day, Governor Andrew Cuomo decided to veto a bill passed by both houses of the state legislature. The bill, intending to aid veterans by allowing them to voluntarily purchase credit into the state retirement system for their service during peacetime.
The bill's synopsis says:
Provides up to three years of service credit to members of public retirement systems of the state for military service rendered during times of peace; removes requirement that such military service occur during specified periods of hostilities; requires such members have at least five years of credited service, not including military service.
The bill passed the State Assembly 133 to 1 and the State Senate 57-0. Overall costs were going to cost taxpayers about $170 million. Both Assemblyman Lopez and Senator Seward voted for the bill.
Cuomo's veto message is below, citing in part that New York City's annual liability would be about $18 million.
The bill's synopsis says:
Provides up to three years of service credit to members of public retirement systems of the state for military service rendered during times of peace; removes requirement that such military service occur during specified periods of hostilities; requires such members have at least five years of credited service, not including military service.
The bill passed the State Assembly 133 to 1 and the State Senate 57-0. Overall costs were going to cost taxpayers about $170 million. Both Assemblyman Lopez and Senator Seward voted for the bill.
Cuomo's veto message is below, citing in part that New York City's annual liability would be about $18 million.