Bill Text: NY S04639 | 2011-2012 | General Assembly | Introduced

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Bill Title: Provides Mario C. Donofrio the opportunity to purchase retirement credit for time in U.S. military service during the Korean conflict.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2012-01-04 - REFERRED TO CIVIL SERVICE AND PENSIONS [S04639 Detail]

Download: New_York-2011-S04639-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         4639
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                    April 14, 2011
                                      ___________
       Introduced  by  Sen. MARTINS -- read twice and ordered printed, and when
         printed to be committed to the Committee on Civil Service and Pensions
       AN ACT in relation to providing retirement credit to Mario  C.  Donofrio
         for military service during the Korean conflict
         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, Mario C.  Dono-
    2  frio,  a  retired  member  of  the  New  York state and local employees'
    3  retirement system, having retired on December 31, 1997; and  who  served
    4  in the United States military during the Korean conflict; shall be enti-
    5  tled to receive credit for his time of Korean conflict service if, on or
    6  before  December  31,  2011  he: (1) shall file a request to such effect
    7  with the head of the New York  state  and  local  employees'  retirement
    8  system;  and  (2)  shall  pay to the New York state and local employees'
    9  retirement system an amount equal to the product of the number of  years
   10  of  military  service being claimed and three percent of his annual rate
   11  of compensation immediately preceding his retirement.
   12    S 2. This act shall take effect immediately and the increase in  bene-
   13  fits shall begin on and after such effective date.
         FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
         This  bill would grant additional service credit to Mario C. Donofrio,
       a retired member of the New York State and Local  Employees'  Retirement
       System, for service rendered in the Korean conflict.
         If  this bill is enacted, there will be an immediate past service cost
       of approximately $24,200. Of this amount, Mr. Donofrio will be  required
       to  pay $5,400, and the remaining $18,800 will be shared by the State of
       New York and all the participating employers in the New York  State  and
       Local Employees' Retirement System.
         This  estimate,  dated March 16, 2011 and intended for use only during
       the 2011 Legislative Session, is Fiscal Note No. 2011-136,  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.
       S                                                          LBD09282-03-1