Bill Text: NY A07533 | 2013-2014 | General Assembly | Amended

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Bill Title: Authorizes Beth Barsamian to receive an ordinary death benefit of her daughter, Lauren Barsamian; provides for the transfer of the daughter's service in the New York state and local employees' retirement system to the New York state teachers' retirement system.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-06-19 - substituted by s5058b [A07533 Detail]

Download: New_York-2013-A07533-Amended.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        7533--B
                              2013-2014 Regular Sessions
                                 I N  A S S E M B L Y
                                     May 23, 2013
                                      ___________
       Introduced  by  M.  of  A.  ZEBROWSKI  --  read once and referred to the
         Committee on Governmental  Employees  --  committee  discharged,  bill
         amended,  ordered reprinted as amended and recommitted to said commit-
         tee -- 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  commit-
         tee
       AN  ACT to authorize Beth Barsamian to receive an ordinary death benefit
         of her daughter, Lauren Barsamian
         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  Beth  Barsamian  shall  be hereby eligible to receive the ordinary death
    3  benefit calculated pursuant to section 606 of the retirement and  social
    4  security  law on account of the death of her daughter, Lauren Barsamian,
    5  who died on October 14, 2005 from a tragic  accident  that  occurred  on
    6  October  8,  2005,  while employed by the East Ramapo School District, a
    7  member of the New  York  state  teachers'  retirement  system,  and  for
    8  reasons  not ascribable to Lauren Barsamian's own negligence, the trans-
    9  fer of her prior service credit as a teacher from September 2002 through
   10  August 2005 at the St. Joseph's School for the Deaf, an  employer  which
   11  participates  in  the  New  York  state  and local employees' retirement
   12  system, was not completed and as such did not afford death  coverage  to
   13  her  mother and family. Beth Barsamian is further authorized to transfer
   14  the prior service credit of Lauren Barsamian in the New York  state  and
   15  local  employees'  retirement  system  to  the  New York state teachers'
   16  retirement system which Lauren Barsamian joined on September 1, 2005, if
   17  on or before December 31, 2014, she files an application  therefor  with
   18  the  state  comptroller.  Such  transfer  shall  be deemed to have taken
   19  effect on the beginning date of Lauren Barsamian's membership  with  the
   20  New York state teachers' retirement system.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD08612-12-4
       A. 7533--B                          2
    1    Transfer  of  Lauren Barsamian's prior service credit shall be made by
    2  the New York state and local employees' retirement  system  to  the  New
    3  York state teachers' retirement system upon notification from the former
    4  retirement  system to the latter retirement system that Lauren Barsamian
    5  would have met all of the requirements, had she been alive.  There shall
    6  not  be  a  transfer  of the member's contributions because those monies
    7  have already been paid out to her designated beneficiary.
    8    All costs incurred by implementing the provisions of this act  due  to
    9  past  service shall be borne by the employers of members of the New York
   10  state teachers' retirement system.
   11    S 2. This act shall take effect immediately.
         FISCAL NOTE.-- Pursuant to Legislative Law, Section 50:
         This bill would allow Beth Barsamian, the mother of Lauren  Barsamian,
       to  transfer Lauren Barsamian's service credit in the New York State and
       Local Employees' Retirement System  to  the  New  York  State  Teachers'
       Retirement  System.  Lauren  Barsamian  became  a member of the New York
       State Teachers' Retirement System on September 1, 2005 and died on Octo-
       ber 14, 2005 from a tragic accident that occurred on  October  8,  2005.
       Lauren  Barsamian  was ineligible for death benefit coverage under Para-
       graph 2 of Section 606 of the Retirement and Social Security Law because
       she had less than one year of service credit with  the  New  York  State
       Teachers' Retirement System at the time of her death. However, she would
       have  been  eligible  for death benefit coverage had she transferred her
       service credit in the New York State  and  Local  Employees'  Retirement
       System  to  the  New York State Teachers' Retirement System prior to her
       death.
         The cost of this benefit is equal to the  amount  of  Ms.  Barsamian's
       ordinary death benefit, which is estimated to be $167,000.
         The source of this estimate is Fiscal Note 2014-21 dated March 5, 2014
       prepared  by  the  Actuary  of  the  New York State Teachers' Retirement
       System and is intended for use only during the 2014 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.