Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 18, 2010 |
held for consideration in governmental employees |
Jan 06, 2010 |
referred to governmental employees |
May 01, 2009 |
referred to governmental employees |
Assembly Bill A8002
2009-2010 Legislative Session
Sponsored By
CALHOUN
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
2009-A8002 (ACTIVE) - Details
2009-A8002 (ACTIVE) - Summary
Authorizes Walter M. Callahan, a retiree of the New York state and local employees' retirement system receiving retirement benefits, to transfer his membership to the New York state teachers' retirement system based upon subsequent employment as a business administrator by a school district.
2009-A8002 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8002 2009-2010 Regular Sessions I N A S S E M B L Y May 1, 2009 ___________ Introduced by M. of A. CALHOUN -- read once and referred to the Commit- tee on Governmental Employees AN ACT to authorize Walter M. Callahan, a retiree receiving benefits from the New York state and local employees' retirement system, to retroactively terminate his retirement and transfer his membership in such retirement to 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 provision of law to the contrary, Walter M. Callahan, a retired member of the New York state and local employees' retirement system who has been receiving enhanced retirement benefits pursuant to the retirement incentive enacted pursuant to chap- ter 86 of the laws of 2000 since his retirement on November 4, 2000, who on August 30, 2006 was appointed as a business administrator employed by a school district, and who upon assuming such business administrator position became a member of the New York state teachers' retirement system, shall be entitled to elect to be deemed retroactively to have transferred his membership in the New York state and local employees' retirement system to the New York state teachers' retirement system pursuant to section 43 of the retirement and social security law as of November 3, 2000, provided that upon retirement from the New York state teachers' retirement system, his retirement allowance shall be (a) recalculated taking into account the forfeiture of his enhanced retire- ment benefits by reason of his return to public service pursuant to section 11 of chapter 41 of the laws of 1997, and (b) reduced by the actuarial equivalent of the retirement benefits received by Walter M. Callahan prior to his election pursuant to this section; and further, provided, that Walter M. Callahan shall not be required to make any employee contribution to the New York state teachers' retirement system and upon retirement from the New York state teachers' retirement system, his retirement allowance shall be increased by the actuarial equivalent of the employee contributions he has made to the New York state teach- ers' retirement system between August 30, 2006 and his election pursuant to this section. In order to effect such retroactive transfer pursuant
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.