Bill Text: NY A08634 | 2009-2010 | General Assembly | Introduced

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Bill Title: Authorizes Marcia B. Mattheus, a retiree, to transfer her membership in the New York state and local employees' retirement system to the New York state teachers' retirement system.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2010-05-18 - held for consideration in governmental employees [A08634 Detail]

Download: New_York-2009-A08634-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         8634
                              2009-2010 Regular Sessions
                                 I N  A S S E M B L Y
                                     June 1, 2009
                                      ___________
       Introduced  by M. of A. RABBITT -- read once and referred to the Commit-
         tee on Governmental Employees
       AN ACT to authorize Marcia B. Mattheus, a retiree of the New York  state
         and local employees' retirement system, to retroactively terminate her
         retirement  and  transfer  her membership in such retirement system to
         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  Marcia  B.  Mattheus,  a  retired member of the New York state and local
    3  employees' retirement system since December 19, 2004, who prior to  such
    4  retirement,  informed such retirement system that she intended to obtain
    5  employment as a teacher with a school district which participates in the
    6  New York state teachers' retirement system and was erroneously  informed
    7  that  she  would  not be able to transfer her membership in the New York
    8  state and local employees' retirement  system  to  the  New  York  state
    9  teachers'  retirement  system,  and  who  after such retirement became a
   10  teacher employed by the  Washingtonville  central  school  district  and
   11  became a member of the New York state teachers' retirement system, shall
   12  be deemed to have retroactively withdrawn her application for retirement
   13  and  to have transferred her membership  in the New York state and local
   14  employees' retirement system to the New York state teachers'  retirement
   15  system  pursuant to section 43 of the retirement and social security law
   16  as of the date Marcia B.  Mattheus commenced her membership in  the  New
   17  York  state teachers' retirement system upon her employment by the Wash-
   18  ingtonville central school district. In order to effectuate such  retro-
   19  active  transfer  pursuant  to  this  section,  Marcia B. Mattheus shall
   20  provide, on or before December 31, 2009, notice to the  comptroller  and
   21  the  governing body of the New York state teachers' retirement system of
   22  her election to transfer her membership in the New York state and  local
   23  employees' retirement system pursuant to this section.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD09433-03-9
       A. 8634                             2
    1    S  2.  Upon  election  by  Marcia B. Mattheus to take advantage of the
    2  provisions of this act, the New York state and local employees'  retire-
    3  ment  system shall transfer the amount of her pension reserve to the New
    4  York state teachers' retirement system.
    5    S  3.  All  costs  incurred in the implementation of the provisions of
    6  this act, unless otherwise stated, shall be borne by the New York  state
    7  teachers' retirement system.
    8    S 4. This act shall take effect immediately.
         FISCAL NOTE.--This bill would allow Marcia B. Mattheus, a retired Tier
       1  member  of  the New York State and Local Employees' Retirement System
       (NYSLERS) and currently an active Tier 4 member of the  New  York  State
       Teachers'  Retirement  System  (NYSTRS),  to  retroactively  rescind her
       retirement in NYSLERS and transfer her membership from NYSLERS to NYSTRS
       pursuant to Section 43 of the Retirement and Social  Security  Law.  Ms.
       Mattheus must file a written request with the head of the New York State
       Teachers' Retirement System on or before December 31, 2009.
         The  cost  of this benefit is equal to the net increase in the present
       value of liabilities, which is estimated to be $245,000. This cost  will
       be partially offset by the pension reserve transferred from the New York
       State  and  Local  Employees'  Retirement  System in accordance with the
       bill.
         The source of this estimate is Fiscal Note 2009-65 dated May 18,  2009
       prepared  by  the  Actuary  of  the  New York State Teachers' Retirement
       System and is intended for use only during the 2009 Legislative Session.