Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 21, 2010 |
print number 5314a |
Jan 21, 2010 |
amend and recommit to governmental employees |
Jan 06, 2010 |
referred to governmental employees |
Feb 12, 2009 |
referred to governmental employees |
Assembly Bill A5314
2009-2010 Legislative Session
Sponsored By
MCENENY
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
2009-A5314 - Details
- Current Committee:
- Assembly Governmental Employees
- Law Section:
- Education Law
- Laws Affected:
- Amd §511, Ed L; amd §605, R & SS L
- Versions Introduced in 2011-2012 Legislative Session:
-
A5513
2009-A5314 - Summary
Authorizes the upward adjustment at age 62 for members of the New York state teachers' retirement system whose disability retirement allowance is less than the service allowance the member would have received at age 62 based upon the member's actual credited service and final average salary.
2009-A5314 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5314 2009-2010 Regular Sessions I N A S S E M B L Y February 12, 2009 ___________ Introduced by M. of A. McENENY, ABBATE -- (at request of the New York State Teachers' Retirement System) -- read once and referred to the Committee on Governmental Employees AN ACT to amend the education law and the retirement and social security law, in relation to disability retirement benefits provided by 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: Section 1. Section 511 of the education law is amended by adding a new subdivision 10 to read as follows: 10. A MEMBER WHO HAS BEEN RETIRED FOR DISABILITY PURSUANT TO THIS SECTION SHALL, UPON ATTAINMENT OF AGE SIXTY-TWO, BE ENTITLED TO AN UPWARD ADJUSTMENT IN THE AMOUNT OF THE MEMBER'S DISABILITY RETIREMENT ALLOWANCE DETERMINED PRIOR TO OPTIONAL MODIFICATION TO THE AMOUNT OF THE DEFERRED SERVICE RETIREMENT ALLOWANCE DETERMINED PRIOR TO OPTIONAL MODIFICATION WHICH WOULD HAVE BEEN PAYABLE TO SUCH MEMBER BASED UPON SUCH MEMBER'S ACTUAL CREDITED SERVICE AND FINAL AVERAGE SALARY AS OF THE EFFECTIVE DATE OF THE MEMBER'S DISABILITY RETIREMENT, HAD THE MEMBER COMMENCED RECEIVING SUCH DEFERRED SERVICE RETIREMENT ALLOWANCE AT AGE SIXTY-TWO, WHERE THE AMOUNT OF THE MEMBER'S DISABILITY RETIREMENT ALLOW- ANCE PRIOR TO OPTIONAL MODIFICATION IS LESS THAN THE AMOUNT OF SUCH DEFERRED SERVICE RETIREMENT ALLOWANCE PRIOR TO OPTIONAL MODIFICATION. NOTHING IN THIS SUBDIVISION SHALL AUTHORIZE ANY CHANGE IN THE FORM OF RETIREMENT ALLOWANCE UNDER WHICH THE MEMBER WAS RETIRED. WHERE AN OPTIONAL FORM OF RETIREMENT ALLOWANCE HAD BEEN ELECTED BY THE MEMBER AT RETIREMENT, THE MEMBER'S OPTIONAL RETIREMENT ALLOWANCE AND ANY SURVIVOR PORTION OF THE ALLOWANCE SHALL BE CALCULATED USING THE OPTION FACTOR USED TO COMPUTE SUCH BENEFITS AT THE TIME THE MEMBER RETIRED. IF THE MEMBER HAD ELECTED AN OPTIONAL FORM OF RETIREMENT ALLOWANCE REQUIRING THE PAYMENT OF A LIFETIME SURVIVOR BENEFIT ONLY AND DIED PRIOR TO ATTAINING AGE SIXTY-TWO, AND SUCH LIFETIME SURVIVOR BENEFIT WOULD HAVE BEEN ADJUSTED UPWARD UPON THE MEMBER'S ATTAINING AGE SIXTY-TWO, SUCH LIFETIME SURVIVOR BENEFIT SHALL BE ADJUSTED UPWARD, COMMENCING WHEN THE MEMBER WOULD HAVE ATTAINED AGE SIXTY-TWO.
2009-A5314A (ACTIVE) - Details
- Current Committee:
- Assembly Governmental Employees
- Law Section:
- Education Law
- Laws Affected:
- Amd §511, Ed L; amd §605, R & SS L
- Versions Introduced in 2011-2012 Legislative Session:
-
A5513
2009-A5314A (ACTIVE) - Summary
Authorizes the upward adjustment at age 62 for members of the New York state teachers' retirement system whose disability retirement allowance is less than the service allowance the member would have received at age 62 based upon the member's actual credited service and final average salary.
2009-A5314A (ACTIVE) - Sponsor Memo
BILL NUMBER:A5314A TITLE OF BILL: An act to amend the education law and the retirement and social security law, in relation to disability retirement benefits provided by the New York state teachers' retirement system PURPOSE OR GENERAL IDEA OF BILL: This bill would authorize the upward at age 62 for members of the New York State Teachers' Retirement System whose disability retirement allowance is less than the service allowance the member would have received at age 62 based upon the member's actual credited service and final average salary. SUMMARY OF SPECIFIC PROVISIONS: - Section 1 amends section 511 of the education law by adding a new subdivision 10. - Section 2 amends section 605 or the retirement and social security law by adding a new subdivision f - Section 3 effective date JUSTIFICATION: There are only a handful of NYSTRS disability retirees whose disability pension is less than what their service retirement would be. Yet, these few cases are heart-rendering and point up and inequity in the law which should be addressed. Specifically, the case arises when the teacher has rendered many years
2009-A5314A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5314--A 2009-2010 Regular Sessions I N A S S E M B L Y February 12, 2009 ___________ Introduced by M. of A. McENENY, ABBATE -- (at request of the New York State Teachers' Retirement System) -- read once and referred to the Committee on Governmental Employees -- recommitted to the Committee on Governmental Employees in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the education law and the retirement and social security law, in relation to disability retirement benefits provided by 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: Section 1. Section 511 of the education law is amended by adding a new subdivision 10 to read as follows: 10. A MEMBER WHO HAS BEEN RETIRED FOR DISABILITY PURSUANT TO THIS SECTION SHALL, UPON ATTAINMENT OF AGE SIXTY-TWO, BE ENTITLED TO AN UPWARD ADJUSTMENT IN THE AMOUNT OF THE MEMBER'S DISABILITY RETIREMENT ALLOWANCE DETERMINED PRIOR TO OPTIONAL MODIFICATION TO THE AMOUNT OF THE DEFERRED SERVICE RETIREMENT ALLOWANCE DETERMINED PRIOR TO OPTIONAL MODIFICATION WHICH WOULD HAVE BEEN PAYABLE TO SUCH MEMBER BASED UPON SUCH MEMBER'S ACTUAL CREDITED SERVICE AND FINAL AVERAGE SALARY AS OF THE EFFECTIVE DATE OF THE MEMBER'S DISABILITY RETIREMENT, HAD THE MEMBER COMMENCED RECEIVING SUCH DEFERRED SERVICE RETIREMENT ALLOWANCE AT AGE SIXTY-TWO, WHERE THE AMOUNT OF THE MEMBER'S DISABILITY RETIREMENT ALLOW- ANCE PRIOR TO OPTIONAL MODIFICATION IS LESS THAN THE AMOUNT OF SUCH DEFERRED SERVICE RETIREMENT ALLOWANCE PRIOR TO OPTIONAL MODIFICATION. NOTHING IN THIS SUBDIVISION SHALL AUTHORIZE ANY CHANGE IN THE FORM OF RETIREMENT ALLOWANCE UNDER WHICH THE MEMBER WAS RETIRED. WHERE AN OPTIONAL FORM OF RETIREMENT ALLOWANCE HAD BEEN ELECTED BY THE MEMBER AT RETIREMENT, THE MEMBER'S OPTIONAL RETIREMENT ALLOWANCE AND ANY SURVIVOR PORTION OF THE ALLOWANCE SHALL BE CALCULATED USING THE OPTION FACTOR USED TO COMPUTE SUCH BENEFITS AT THE TIME THE MEMBER RETIRED. IF THE MEMBER HAD ELECTED AN OPTIONAL FORM OF RETIREMENT ALLOWANCE REQUIRING THE PAYMENT OF A LIFETIME SURVIVOR BENEFIT ONLY AND DIED PRIOR TO ATTAINING AGE SIXTY-TWO, AND SUCH LIFETIME SURVIVOR BENEFIT WOULD HAVE
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