December 09, 2019 Increase to N.Y. Retirement and Social Security Law § 212 Earning Limitation
KEEPING YOU INFORMED…
On December 6, 2019, Governor Cuomo signed into law a $5,000 increase to the RSSL § 212 earning limitation for retired persons working in positions in public service. Commencing with the 2020 calendar year, the earning limitation will be $35,000. This is the first time the earning limitation has increased since 2007. This limitation applies to retirees prior to the calendar year in which they turn 65 years old.
If you have any questions regarding this amendment to the RSSL, please contact Sharon Berlin or one of our other attorneys by calling 631-694-2300.
THIS MEMORANDUM IS MEANT TO ASSIST IN GENERAL UNDERSTANDING OF THE CURRENT LAW. IT IS NOT TO BE REGARDED AS LEGAL ADVICE. THOSE WITH PARTICULAR QUESTIONS SHOULD SEEK THE ADVICE OF COUNSEL.
© Lamb & Barnosky, LLP 2019