S T A T E O F N E W Y O R K
________________________________________________________________________
7793
2009-2010 Regular Sessions
I N A S S E M B L Y
April 24, 2009
___________
Introduced by M. of A. CALHOUN -- read once and referred to the Commit-
tee on Governmental Employees
AN ACT to authorize Dianne P. Grasso to apply for tier I status in 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. Notwithstanding any other provision of law, Dianne P. Gras-
so, a member of the New York state teachers' retirement system since
1982, who, prior to such membership, was employed as a library aide by
the South Orangetown central school district during the 1971-1972 school
year, and who, for reasons not ascribable to her own negligence, failed
to become a member of the New York state teachers' retirement system
during 1971, shall be deemed to have become a member of such retirement
system on her first date of service during the 1971-1972 school year and
shall be granted tier I status, if, on or before December 31, 2009, she
shall file a written request with the head of the New York state teach-
ers' retirement system.
S 2. All costs of implementing the provisions of this act shall be
borne by the New York state teachers' retirement system.
S 3. Notwithstanding any other provision of law, no employee contrib-
utions shall be returned to Dianne P. Grasso. Such employee contrib-
utions shall be used to offset any past service costs due to the imple-
mentation of the provisions of this act.
S 4. This act shall take effect immediately.
FISCAL NOTE.--This bill would allow Dianne P. Grasso, a member of the
New York State Teachers' Retirement System with Tier 3 status, to be
reclassified as a Tier 1 member with all rights, benefits, and privi-
leges which would be available to her as a Tier 1 member. Her date of
membership would be changed based upon her employment with the South
Orangetown Central School District during the 1971-72 school year.
Employee contributions made pursuant to Article 14 of the Retirement and
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09407-02-9
A. 7793 2
Social Security Law would not be refunded to Ms. Grasso. Ms. Grasso must
file a written request with the head of the New York State Teachers'
Retirement System on or before December 31, 2009.
The cost of this benefit is equal to the increase in the present value
of liabilities, which is estimated to be $67,000.
The source of this estimate is Fiscal Note 2009-38 dated April 10,
2009 prepared by the Actuary of the New York State Teachers' Retirement
System and is intended for use only during the 2009 Legislative Session.