Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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---|---|
Jan 06, 2010 |
referred to civil service and pensions |
Apr 27, 2009 |
referred to civil service and pensions |
Senate Bill S4735
2009-2010 Legislative Session
Sponsored By
(R, C) Senate District
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
Actions
2009-S4735 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8002
- Current Committee:
- Senate Civil Service And Pensions
- Law Section:
- Retirement
- Versions Introduced in 2011-2012 Legislative Session:
-
S3990
2009-S4735 (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-S4735 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4735 TITLE OF BILL : 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 PURPOSE : This bill, requested by Mr. Walter M. Callahan, permits such retiree, who has been receiving enhanced retirement benefits pursuant to Chapter 86 of the Laws of 2000, to be entitled to elect to be deemed retroactively to have transferred his membership in the NY State and Local Employees' Retirement System to the NYS Teachers' Retirement System pursuant to the Retirement and Social Security Law section 43 as of November 3, 2000. SUMMARY OF PROVISIONS : Section 1: Enacts a free standing unconsolidated law that effectuates the provisions stated above in the Purposes section of this memo. EXISTING LAW :
2009-S4735 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4735 2009-2010 Regular Sessions I N S E N A T E April 27, 2009 ___________ Introduced by Sen. LARKIN -- read twice and ordered printed, and when printed to be committed to the Committee on Civil Service and Pensions 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
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