Senate Bill S5859

2009-2010 Legislative Session

Authorizes Antonia Keesler to change her retirement option

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Civil Service And Pensions 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

Bill Amendments

2009-S5859 - Details

See Assembly Version of this Bill:
A8719
Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement
Versions Introduced in 2011-2012 Legislative Session:
S4076

2009-S5859 - Sponsor Memo

2009-S5859 - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5859

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                              June 15, 2009
                               ___________

Introduced  by  Sen. BONACIC -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

AN ACT authorizing Antonia Keesler to change her retirement option

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Notwithstanding any other provision of law to the contrary,
Antonia  Keesler,  who was employed by the Sullivan County BOCES and who
retired from the New York State Teachers'  Retirement  System  effective
April  23,  2008,  and for reasons not ascribable to her own negligence,
failed to change her retirement option selection prior to the expiration
of thirty days following the date of payability of her retirement allow-
ance, shall be deemed to have retired pursuant to the terms of the Maxi-
mum Option.
  S 2. The costs of implementing the provisions of  this  act  shall  be
borne  by  the  employers  of  members  of  the New York state teachers'
retirement system.
  S 3. This act shall take effect immediately.
  FISCAL NOTE.--This bill would allow Antonia Keesler, a retired  member
of  the  New  York  State  Teachers' Retirement System, to retroactively
change her optional form of benefit to the Maximum Option.  Ms.  Keesler
retired  April  23, 2008 under the Largest Lump Sum Option and failed to
change her retirement option selection prior to the  expiration  of  the
thirty  day  period following the date of retirement benefit as required
by statute.
  The cost of this benefit is equal to the increase in the present value
of the liability, which is estimated to be $8,000.
  The source of this estimate is Fiscal Note 2009-71 dated June 2,  2009
prepared  by  the  Actuary  of  the  New York State Teachers' Retirement
System and is intended for use only during the 2009 Legislative Session.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10173-02-9

2009-S5859A (ACTIVE) - Details

See Assembly Version of this Bill:
A8719
Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement
Versions Introduced in 2011-2012 Legislative Session:
S4076

2009-S5859A (ACTIVE) - Sponsor Memo

2009-S5859A (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 5859--A

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                              June 15, 2009
                               ___________

Introduced  by  Sen. BONACIC -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules  --  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 committee

AN ACT authorizing Antonia Keesler to change her retirement option

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Notwithstanding any other provision of law to the contrary,
Antonia Keesler, who was employed by the Sullivan County BOCES  and  who
retired  from  the  New York State Teachers' Retirement System effective
April 23, 2008, and for reasons not ascribable to  her  own  negligence,
failed to change her retirement option selection prior to the expiration
of thirty days following the date of payability of her retirement allow-
ance, shall be deemed to have retired pursuant to the terms of the Maxi-
mum Option.
  S  2.  The  costs  of implementing the provisions of this act shall be
borne by the employers of  members  of  the  New  York  State  Teachers'
Retirement System.
  S 3. This act shall take effect immediately.
  FISCAL  NOTE.--This bill would allow Antonia Keesler, a retired member
of the New York State  Teachers'  Retirement  System,  to  retroactively
change  her  optional form of benefit to the Maximum Option. Ms. Keesler
retired April 23, 2008 under the Largest Lump Sum Option and  failed  to
change  her  retirement  option selection prior to the expiration of the
thirty day period following the date of retirement benefit  as  required
by statute.
  The cost of this benefit is equal to the increase in the present value
of the liability, which is estimated to be $14,000.
  The  source  of  this  estimate is Fiscal Note 2010-41 dated April 26,
2010 prepared by the Actuary of the New York State Teachers'  Retirement
System and is intended for use only during the 2010 Legislative Session.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.