Bill Text: NY A06230 | 2015-2016 | General Assembly | Amended
Bill Title: Grants retroactive membership with Tier 1 status in the New York state teachers' retirement system to James J. DeMarco.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2016-05-24 - held for consideration in governmental employees [A06230 Detail]
Download: New_York-2015-A06230-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 6230--A 2015-2016 Regular Sessions IN ASSEMBLY March 18, 2015 ___________ Introduced by M. of A. DiPIETRO -- read once and referred to the Commit- tee on Governmental Employees -- recommitted to the Committee on Governmental Employees in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT granting retroactive membership with tier I status in the New York teachers' retirement system to James J. DeMarco The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Notwithstanding any other law to the contrary, James J. 2 DeMarco, who was employed as a seasonal employee with the New York power 3 authority with a start date of July 17, 1969, and who is currently a 4 retired member of the New York state teachers' retirement system, who 5 through no fault of his own did not become a member of the New York 6 state and local employees' retirement system on July 17, 1969 when first 7 employed by the New York power authority shall be deemed to have been a 8 member of the New York state and local employees' retirement system on 9 such date he commenced his employment and shall be granted Tier I 10 status, provided that an application is filed with the head of the New 11 York state teachers' retirement system within one year from the effec- 12 tive date of this act. 13 § 2. This act shall take effect immediately. FISCAL NOTE.--Pursuant to Legislative Law, Section 50: This bill would allow James J. DeMarco, a retired Tier 2 member of the New York State Teachers' Retirement System, to be reclassified as a Tier 1 member. His date of membership would be changed based upon his employ- ment as a seasonal employee in 1969 for the New York Power Authority. Additionally, Mr. DeMarco's pension would be recalculated with retroac- tive adjustment to payments made since his date of retirement of Decem- ber 7, 2007. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD01297-04-6
