Bill Text: NY S02939 | 2009-2010 | General Assembly | Amended

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Bill Title: Authorizes George Armstrong to be reclassified as a Tier 1 member of the New York state and local employees' retirement system.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2010-05-24 - PRINT NUMBER 2939A [S02939 Detail]

Download: New_York-2009-S02939-Amended.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        2939--A
                              2009-2010 Regular Sessions
                                   I N  S E N A T E
                                     March 6, 2009
                                      ___________
       Introduced  by  Sen.  ALESI  -- read twice and ordered printed, and when
         printed to be committed to the Committee on Civil Service and Pensions
         -- recommitted to the Committee  on  Civil  Service  and  Pensions  in
         accordance  with  Senate  Rule 6, sec. 8 -- committee discharged, bill
         amended, ordered reprinted as amended and recommitted to said  commit-
         tee
       AN  ACT  to allow George Armstrong to be reclassified as a Tier I member
         of the New York state and local employees' 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 inconsistent provision of law, rule or
    2  regulation, George Armstrong, a member of the New York state  and  local
    3  employees'  retirement system (registration number 1401107-6), who began
    4  his employment with the town of Henrietta on June 11, 1973, and who  for
    5  reasons  not ascribable to his own negligence was not offered the oppor-
    6  tunity to join such system as a Tier I member, shall be reclassified  as
    7  a Tier I member and shall be entitled to every right, benefit, and priv-
    8  ilege  which  would have been available to him in accordance with Tier I
    9  status if, on or before the thirty-first day of December next succeeding
   10  the date on which this act shall have become a law, he shall  file  with
   11  the state comptroller a written request to that effect.
   12    S 2. All past service costs attributable to the implementation of this
   13  act shall be borne by New York state.
   14    S 3. This act shall take effect immediately.
         FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
         This  bill  would  deem George Armstrong, an inactive vested member of
       the New York State and  Local  Employees'  Retirement  System,  to  have
       become  a  member  of such system on June 11, 1973, thereby granting him
       Tier 1 status.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD09725-03-0
       S. 2939--A                          2
         If this bill is enacted, there will be an immediate past service  cost
       of approximately $40,900 which will be borne by the State of New York as
       a one-time payment, assuming a payment date of March 1, 2011.
         This  estimate,  dated  April 9, 2010 and intended for use only during
       the 2010 Legislative Session, is Fiscal Note No.  2010-135  prepared  by
       the  Actuary  for  the  New  York  State and Local Employees' Retirement
       System.