Creates a tax credit for employers who help reduce the governmental education loans of their employees and said employees who receive such reduction in governmental education loans.
Establishes a tax credit for rent paid on the personal residence of certain taxpayers who lease the taxpayer's primary residence during the taxable year and who pay rent with respect to such residence in excess of thirty percent of such taxpayer's gross income for such taxable year.
Relates to calculating certain pensions; increases pension calculation from thirty-five to forty per centum of final average salary.
Relates to age and service eligibility requirements for ordinary retirement for members of the unified court system; restores 55/30 for all members; reduces the retirement age from 63 to 62.
Provides a pension benefit parity payment to certain retirees from a state management/confidential position.
Allows a continuous service credit for retirement purposes for peace officers of the unified court system who were laid off for economy reasons in 1991 and returned to service in 1992.
Relates to disability retirement for members of the department of environmental conservation, forest rangers, university police officers and the regional state park police.
Relates to providing cost-of-living adjustments; increases benefits from fifty to one hundred percent.
Increases the limitation of overtime compensation in final average salary calculations from fifteen percent to thirty percent.
Provides cost-of-living adjustments for certain public retirees, including an adjusted benefit in monthly installments that is equal to the percentage of the change in consumer price index according to the included schedule.
