| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| May 17, 2010 |
print number 5936a |
| May 17, 2010 |
amend and recommit to civil service and pensions |
| Jan 06, 2010 |
referred to civil service and pensions |
| Jun 19, 2009 |
referred to rules |
Senate Bill S5936A
2009-2010 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Senate Committee Civil Service And Pensions Committee
Actions
Bill Amendments
2009-S5936 - Details
- See Assembly Version of this Bill:
- A9095
- Current Committee:
- Senate Civil Service And Pensions
- Law Section:
- Retirement
2009-S5936 - Sponsor Memo
BILL NUMBER: S5936
TITLE OF BILL :
An act granting retroactive membership with tier I status in the New
York teachers' retirement system to James J. DeMarco
PURPOSE :
To change James J. DeMarco's date of membership as to allow him to
receive the benefits becoming a Tier I member.
SUMMARY OF PROVISIONS :
Section 1 deems James J. DeMarco a member of the New York State and
Local Employees' Retirement System as of July 17, 1969.
JUSTIFICATION :
Through no fault of his own, James J. DeMarco was not made a member of
the retirement system when he was a seasonal employee with the New
York Power Authority. This bill would allow James J. DeMarco, a
retired Tier 2 member of the New York State Teachers' Retirement
System, to be reclassified as a Tier I member. Additionally, Mr.
DeMarco's pension would be recalculated with retroactive adjustment to
2009-S5936 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
5936
2009-2010 Regular Sessions
I N S E N A T E
June 19, 2009
___________
Introduced by Sen. VOLKER -- read twice and ordered printed, and when
printed to be committed to the Committee on Rules
AN ACT granting retroactive membership with tier I status in the New
York teachers' retirement system to James J. DeMarco
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Notwithstanding any other law to the contrary, James J.
DeMarco, who was employed as a seasonal employee with the New York power
authority with a start date of July 17, 1969, and who is currently a
retired member of the New York state teachers' retirement system, who
through no fault of his own did not become a member of the New York
state and local employees' retirement system on July 17, 1969 when first
employed by the New York power authority shall be deemed to have been a
member of the New York state and local employees' retirement system on
such date he commenced his employment and shall be granted Tier I
status, provided that an application is filed with the head of the New
York state teachers' retirement system within one year from the effec-
tive date of this act.
S 2. This act shall take effect immediately.
FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
This bill would allow James J. DeMarco, a retired Tier 2 member of the
New York State Teachers' Retirement System, to be reclassified as a Tier
I member. His date of membership would be changed based upon his employ-
ment as a seasonal employee in 1969 for the New York Power Authority.
Additionally, Mr. DeMarco's pension would be recalculated with retroac-
tive adjustment to payments made since his date of retirement of Decem-
ber 7, 2007.
The cost of this benefit is equal to the increase in the present value
of liabilities, which is estimated to be $306,000.
The source of this estimate is Fiscal Note 2009-81 dated June 17, 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.
2009-S5936A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9095
- Current Committee:
- Senate Civil Service And Pensions
- Law Section:
- Retirement
2009-S5936A (ACTIVE) - Sponsor Memo
BILL NUMBER: S5936A
TITLE OF BILL : An act granting retroactive membership with tier I
status in the New York teachers' retirement system to James J. DeMarco
PURPOSE : To change James J. DeMarco's date of membership as to
allow him to receive the benefits becoming a Tier I member.
SUMMARY OF PROVISIONS : Section 1 deems James J. DeMarco a member of
the New York State and Local Employees' Retirement System as of July
17, 1969.
JUSTIFICATION : Through no fault of his own, James J. DeMarco was
not made a member of the retirement system when he was a seasonal
employee with the New York Power Authority. This bill would allow
James J. DeMarco, a retired Tier 2 member of the New York State
Teachers' Retirement System, to be reclassified as a Tier I member.
Additionally, Mr. DeMarco's pension would be recalculated with
retroactive adjustment to payments made since his date of retirement
of December 7, 2007.
LEGISLATIVE HISTORY : New bill.
FISCAL IMPLICATIONS : The cost of this benefit is equal to the
increase in the present value of liabilities, which is estimated to be
$306,000.
2009-S5936A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
5936--A
2009-2010 Regular Sessions
I N S E N A T E
June 19, 2009
___________
Introduced by Sen. VOLKER -- 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 granting retroactive membership with tier I status in the New
York teachers' retirement system to James J. DeMarco
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Notwithstanding any other law to the contrary, James J.
DeMarco, who was employed as a seasonal employee with the New York power
authority with a start date of July 17, 1969, and who is currently a
retired member of the New York state teachers' retirement system, who
through no fault of his own did not become a member of the New York
state and local employees' retirement system on July 17, 1969 when first
employed by the New York power authority shall be deemed to have been a
member of the New York state and local employees' retirement system on
such date he commenced his employment and shall be granted Tier I
status, provided that an application is filed with the head of the New
York state teachers' retirement system within one year from the effec-
tive date of this act.
S 2. This act shall take effect immediately.
FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
This bill would allow James J. DeMarco, a retired Tier 2 member of the
New York State Teachers' Retirement System, to be reclassified as a Tier
1 member. His date of membership would be changed based upon his employ-
ment as a seasonal employee in 1969 for the New York Power Authority.
Additionally, Mr. DeMarco's pension would be recalculated with retroac-
tive adjustment to payments made since his date of retirement of Decem-
ber 7, 2007.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD11174-04-0
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