Bill Text: NY S07764 | 2011-2012 | General Assembly | Introduced

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Bill Title: Authorizes Beth Barsamian to receive an ordinary death benefit of her daughter, Lauren Barsamian; provides for the transfer of the daughter's service in the New York state and local employees' retirement system to the New York state teachers' retirement system.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2012-06-18 - REFERRED TO RULES [S07764 Detail]

Download: New_York-2011-S07764-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         7764
                                   I N  S E N A T E
                                     June 18, 2012
                                      ___________
       Introduced  by Sen. CARLUCCI -- read twice and ordered printed, and when
         printed to be committed to the Committee on Rules
       AN ACT to authorize Beth Barsamian to receive an ordinary death  benefit
         of her daughter, Lauren Barsamian
         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  Beth Barsamian shall be hereby eligible to receive  the  ordinary  death
    3  benefit  calculated pursuant to section 606 of the retirement and social
    4  security law on account of the death of her daughter, Lauren  Barsamian,
    5  registration  number  40537649, who died in a tragic accident on October
    6  8, 2005, while employed by the East Ramapo School District, a member  of
    7  the  New  York  state  teachers'  retirement system, and for reasons not
    8  ascribable to Lauren Barsamian's own negligence, and  as  such  did  not
    9  afford  death  coverage  to  her  mother  and  family. Beth Barsamian is
   10  further authorized to transfer the prior service credit of Lauren Barsa-
   11  mian in the New York state and local employees' retirement  system,  who
   12  was employed from September 2002 through August 2005 as a teacher at the
   13  St.  Joseph's School for the Deaf, an employer which participates in the
   14  New York state and local employees' retirement system, to the  New  York
   15  state  teachers'  retirement  system  which  Lauren  Barsamian joined in
   16  September 2005, if on or before December 31, 2012, she files an applica-
   17  tion therefor with the state comptroller. Such transfer shall be  deemed
   18  to have taken effect on the beginning date of Lauren Barsamian's employ-
   19  ment with the New York state teachers' retirement system.
   20    Transfer  of  Lauren Barsamian's prior service credit shall be made by
   21  the New York state and local employees' retirement  system  to  the  New
   22  York state teachers' retirement system upon notification from the latter
   23  retirement  system to the former retirement system that Lauren Barsamian
   24  would have met all of the requirements, had she been alive.  There shall
   25  not be a transfer of the member's  contributions  because  those  monies
   26  have already been paid out to her designated beneficiary.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD15384-02-2
       S. 7764                             2
    1    All  costs  incurred by implementing the provisions of this act due to
    2  past service shall be borne by the employers of members of the New  York
    3  state teachers' retirement system.
    4    S 2. This act shall take effect immediately.
         FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
         This  bill would allow Beth Barsamian, the mother of Lauren Barsamian,
       to transfer Lauren Barsamian's service credit in the New York State  and
       Local  Employees'  Retirement  System  to  the  New York State Teachers'
       Retirement System. Lauren Barsamian became a  member  of  the  New  York
       State  Teachers'  Retirement  System  on September 1, 2005 and died in a
       tragic accident on October 8, 2005. Lauren Barsamian was ineligible  for
       death benefit coverage under Paragraph 2 of subdivision a of Section 606
       of  the Retirement and Social Security Law because she had less than one
       year of service credit with the  New  York  State  Teachers'  Retirement
       System  at  the  time of her death. However she would have been eligible
       for death benefit coverage had she transferred her service credit in the
       New York State and Local Employees' Retirement System to  the  New  York
       State Teachers' Retirement System prior to her death.
         The  cost  of  this  benefit is equal to the amount of Ms. Barsamian's
       ordinary death benefit, which is estimated to be $167,000.
         The source of this estimate is Fiscal Note 2012-38 dated June 18, 2012
       prepared by the Actuary of  the  New  York  State  Teachers'  Retirement
       System and is intended for use only during the 2012 Legislative Session.
       I,  Richard  A.  Young,  am the Actuary for the New York State Teachers'
       Retirement System. I am a member of the American  Academy  of  Actuaries
       and  I meet the Qualification Standards of the American Academy of Actu-
       aries to render the actuarial opinion contained herein.