STATE OF NEW YORK ________________________________________________________________________ 200--B Cal. No. 1171 2017-2018 Regular Sessions IN SENATE (Prefiled) January 4, 2017 ___________ Introduced by Sens. MARCHIONE, AKSHAR, AMEDORE, AVELLA, BONACIC, CROCI, DeFRANCISCO, FUNKE, GALLIVAN, HANNON, HELMING, LARKIN, MURPHY, O'MARA, ORTT, PHILLIPS, RANZENHOFER, RITCHIE, SEWARD -- read twice and ordered printed, and when printed to be committed to the Committee on Veter- ans, Homeland Security and Military Affairs -- recommitted to the Committee on Veterans, Homeland Security and Military Affairs in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee -- reported favorably from said committee and committed to the Committee on Finance -- committee discharged and said bill committed to the Committee on Rules -- reported favorably from said committee, ordered to a third reading, passed by Senate and delivered to the Assembly, recalled, vote reconsidered, restored to third reading, amended and ordered reprinted, retaining its place in the order of third reading AN ACT to amend the executive law, in relation to providing for an increase in the rates of annuities payable to veterans and surviving spouses of veterans The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 3 of section 362 of the executive law, as added 2 by chapter 251 of the laws of 2004, is amended to read as follows: 3 3. Annual adjustment. Commencing in the year two thousand [five] nine- 4 teen the amount of any annuity payable under subdivision one or two of 5 this section shall be one thousand five hundred dollars, and for each 6 year thereafter, the amount of any annuity payable under this section 7 shall be the same amount as the annuity payable in the preceding year 8 plus a percentage adjustment equal to the annual percentage increase, if 9 any, for compensation and pension benefits administered by the United 10 States Department of Veterans' Affairs in the previous year. Such EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD04044-09-8

S. 200--B 2 1 percentage increase shall be rounded up to the next highest one-tenth of 2 one percent and shall not be less than one percent nor more than four 3 percent. Commencing in the year two thousand five, the director of 4 veterans' affairs, not later than February first of each year, shall 5 publish by any reasonable means, including but not limited to posting on 6 the division's website, the amount of the annuity as adjusted payable 7 under this section. 8 § 2. This act shall take effect immediately.