ALBANY, N.Y. (AP) - Heading into Veterans Day, New York Gov. Andrew Cuomo has vetoed legislation that would have authorized state pension credits for peacetime military service.
The legislation authored by Sen. William Larkin, a Hudson Valley Republican and combat veteran of World War II, would amend current law that provides up to three years credit toward state pensions for military service during hostilities.
They would have to pay 3 percent of their compensation during those military years to the retirement system.
Assembly sponsors say the U.S. now depends on a volunteer military, and to encourage citizens to join the state needs to recognize all veterans by giving them pension access.
In his veto message, Cuomo says it's an unfunded mandate on local governments that would incur $57 million in near term obligations.