Bill Text: NY S04639 | 2011-2012 | General Assembly | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
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
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
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.--This bill would grant additional service credit to Mario C. Donofria, a retired member of the New York State and Local Employees Retirement System, for service rendered in the Korean conflict. Ylf 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 $6,400, 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. Frhis 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. LBD09282-03-1