Bill Text: NY A05408 | 2013-2014 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Authorizes Domingo Cabera to file a retroactive application for retirement with the New York state teachers' retirement system.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-01-08 - referred to governmental employees [A05408 Detail]

Download: New_York-2013-A05408-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5408
                              2013-2014 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 25, 2013
                                      ___________
       Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
         tee on Governmental Employees
       AN ACT to authorize Domingo Cabrera to file  a  retroactive  application
         for retirement with the New York state teachers' retirement system
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Notwithstanding any other provision of law to the contrary,
    2  Domingo Cabrera, a member of the New  York  state  teachers'  retirement
    3  system, who ceased his employment as a teacher with the Mamaroneck union
    4  free  school district on January 2, 2009, because of mental illness, and
    5  who because of such illness did not apply to such retirement system  for
    6  disability  retirement  benefits  until May 19, 2011, shall be deemed to
    7  have applied to the New York state teachers' retirement system for disa-
    8  bility retirement benefits within 30 days of his ceasing to be  employed
    9  on January 2, 2009.
   10    S  2.  All  costs incurred in implementing the provisions of this act,
   11  shall be borne by the New York state teachers' retirement system.
   12    S 3. This act shall take effect immediately.
         FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
         This bill concerns Domingo Cabrera, a vested member of  the  New  York
       State Teachers' Retirement System who ceased his employment as a teacher
       with  the  Mamaroneck  Union  Free  School  District  on January 2, 2009
       because of mental illness, and did not apply for  disability  retirement
       benefits  until  May  19, 2011, after the 12 month deadline to apply for
       disability had lapsed. He shall be deemed to have to applied  for  disa-
       bility  retirement benefits within 30 of ceasing his employment on Janu-
       ary 2, 2009. As a vested member Mr. Cabrera is eligible  for  a  service
       retirement benefit commencing at age 55.
         The cost of this benefit is equal to the increase in the present value
       of  liabilities, which is estimated to be $139,000. This cost is contin-
       gent upon the approval of Domingo Cabrera's application  for  disability
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01788-02-3
       A. 5408                             2
       retirement  by the Medical Board of the New York State Teachers' Retire-
       ment System.
         The  source  of  this estimate is Fiscal Note 2013-6 dated February 7,
       2013 prepared by the Actuary of the New York State Teachers'  Retirement
       System and is intended for use only during the 2013 Legislative Session.
       I,  Richard  A.  Young,  am the Actuary for the New York State Teachers'
       Retirement System. I am a member of the American  Academy  of  Actuaries
       and  I meet the Qualification Standards of the American Academy of Actu-
       aries to render the actuarial opinion contained herein.