NY State Senate Bill 2009-S5678

Senate Bill S5678

2009-2010 Legislative Session

Authorizes Marcia B. Mattheus, a retiree, to transfer her membership in the New York state and local employees' retirement system to the state teachers' retirement system

download bill text pdf

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

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Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 06, 2010	referred to civil service and pensions
May 27, 2009	referred to civil service and pensions

2009-S5678 (ACTIVE) - Details

See Assembly Version of this Bill:: A8634
Current Committee:: Senate Civil Service And Pensions
Law Section:: Retirement
Versions Introduced in 2011-2012 Legislative Session:: A6358

2009-S5678 (ACTIVE) - Summary

Authorizes Marcia B. Mattheus, a retiree, to transfer her membership in the New York state and local employees' retirement system to the New York state teachers' retirement system.

2009-S5678 (ACTIVE) - Sponsor Memo

2009-S5678 (ACTIVE) - Bill Text download pdf

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

                                  5678

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                              May 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 Marcia B. Mattheus, a retiree of the New York  state
  and local employees' retirement system, to retroactively terminate her
  retirement  and  transfer  her membership in such retirement system 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 other provision of law to the contrary,
Marcia  B.  Mattheus,  a  retired member of the New York state and local
employees' retirement system since December 19, 2004, who prior to  such
retirement,  informed such retirement system that she intended to obtain
employment as a teacher with a school district which participates in the
New York state teachers' retirement system and was erroneously  informed
that  she  would  not be able to transfer her membership in the New York
state and local employees' retirement  system  to  the  New  York  state
teachers'  retirement  system,  and  who  after such retirement became a
teacher employed by the  Washingtonville  central  school  district  and
became a member of the New York state teachers' retirement system, shall
be deemed to have retroactively withdrawn her application for retirement
and  to have transferred her 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 the date Marcia B.  Mattheus commenced her membership in  the  New
York  state teachers' retirement system upon her employment by the Wash-
ingtonville central school district. In order to effectuate such  retro-
active  transfer  pursuant  to  this  section,  Marcia B. Mattheus shall
provide, on or before December 31, 2009, notice to the  comptroller  and
the  governing body of the New York state teachers' retirement system of
her election to transfer her membership in the New York state and  local
employees' retirement system pursuant to this section.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09433-03-9

S. 5678                             2

  S  2.  Upon  election  by  Marcia B. Mattheus to take advantage of the
provisions of this act, the New York state and local employees'  retire-
ment  system shall transfer the amount of her pension reserve to the New
York state teachers' retirement system.
  S  3.  All  costs  incurred in the implementation of the provisions of
this act, unless otherwise stated, shall be borne by the New York  state
teachers' retirement system.
  S 4. This act shall take effect immediately.
  FISCAL NOTE.--This bill would allow Marcia B. Mattheus, a retired Tier
1  member  of  the New York State and Local Employees' Retirement System
(NYSLERS) and currently an active Tier 4 member of the  New  York  State
Teachers'  Retirement  System  (NYSTRS),  to  retroactively  rescind her
retirement in NYSLERS and transfer her membership from NYSLERS to NYSTRS
pursuant to Section 43 of the Retirement and Social  Security  Law.  Ms.
Mattheus 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 net increase in the present
value of liabilities, which is estimated to be $245,000. This cost  will
be partially offset by the pension reserve transferred from the New York
State  and  Local  Employees'  Retirement  System in accordance with the
bill.
  The source of this estimate is Fiscal Note 2009-65 dated May 18,  2009
prepared  by  the  Actuary  of  the  New York State Teachers' Retirement
System and is intended for use only during the 2009 Legislative Session.

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