Bill Text: NY A08328 | 2011-2012 | General Assembly | Introduced

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Bill Title: Grants Sal Medak Tier I status in the New York state and local employees' retirement system with a membership date of January 1, 1972.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2012-01-04 - referred to governmental employees [A08328 Detail]

Download: New_York-2011-A08328-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         8328
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                     June 13, 2011
                                      ___________
       Introduced by M. of A. P. LOPEZ -- read once and referred to the Commit-
         tee on Governmental Employees
       AN  ACT  in relation to granting Sal Medak Tier I status in the New York
         state and local employees' retirement system with a membership date of
         January 1972
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Notwithstanding  any  inconsistent  provision of law, Sal
    2  Medak, who has been employed with the New York city education department
    3  since January of 1972, and for reasons not ascribable to his own  negli-
    4  gence did not become a member of the New York state and local employees'
    5  retirement  system at the time of his hiring and who is currently a Tier
    6  I member of the New York state and local  employees'  retirement  system
    7  with  a membership date of September 1972 shall be deemed to have become
    8  a member of such system as of January 1, 1972 entitling him  to  Tier  I
    9  status  with  every  right,  benefit and privilege which would have been
   10  available to him on such date.
   11    S 2. This act shall take effect immediately.
         FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
         This bill would deem retired member Sal Medak to have become a  member
       of  the  New  York State and Local Employees' Retirement System (ERS) on
       January 1, 1972, thereby granting him the right to have his final  aver-
       age  salary recalculated with the inclusion of the lump sum payment made
       for his unused vacation leave.
         If this bill is enacted, there will be a past service cost of approxi-
       mately $47,300 which will be shared by the state of  New  York  and  the
       participating employers in the ERS.
         This  estimate,  dated  June 9, 2011, and intended for use only during
       the 2011 Legislative Session, is Fiscal Note No. 2011-201,  prepared  by
       the  Actuary  for  the  New  York  State and Local Employees' Retirement
       System.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD11943-02-1