senate Bill S3989A

2011-2012 Legislative Session

Assigns the late John Francis Covell to Tier IV status in the New York state teachers' retirement system as of the date of his death

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Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 09, 2012 print number 3989a
amend and recommit to civil service and pensions
Jan 04, 2012 referred to civil service and pensions
Mar 11, 2011 referred to civil service and pensions

Bill Amendments

Original
A (Active)
Original
A (Active)

S3989 - Bill Details

Current Committee:
Law Section:
Retirement
Versions Introduced in 2009-2010 Legislative Session:
S3448

S3989 - Bill Texts

view summary

Assigns the late John Francis Covell to tier 4 status in the New York state teachers' retirement system as of the date of his death.

view sponsor memo
BILL NUMBER:S3989

TITLE OF BILL:
An act
to assign the late John Francis Covell to tier 4 status in the New York
state teachers' retirement system as of the date of his death

PURPOSE:
This bill would allow Mrs. Florence M. Covell, widow of member John F.
Covell who died in active service, to receive a Tier 4 active member
death benefit. Mrs. Covell received the lesser Tier 1 death benefit
because her husband was a Tier 1 member of the New York State
Retirement System at the time of his death. He had recently completed
a tier reinstatement from Tier 4 to Tier 1.

SUMMARY OF PROVISIONS:
See the Purpose section above.

JUSTIFICATION:
It seems that near the time of death of Mr. Covell, that Mr. Covell
mistakenly filled out his retirement forms to transfer to Tier 1
status when that would not have been in the best interests of himself
or his family. The bill corrects that misfortune due to the confusion
of all parties at the time of Mr. Covell's death.

LEGISLATIVE HISTORY:
S.4294-A of 2008 S.3839-A of 2006, S.4294-A of 2007/2008, S.3448
of 2009/2010

FISCAL IMPLICATIONS:
See bill.

EFFECTIVE DATE:
Immediate.

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

                                  3989

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             March 11, 2011
                               ___________

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 assign the late John Francis Covell to tier 4  status  in  the
  New York state teachers' retirement system as of the date of his death

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Notwithstanding any inconsistent  provision  of  law,  John
Francis  Covell,  a  deceased  member  of  the  New York state teachers'
retirement system, shall be deemed to have had tier 4 status as a member
of said system on the date of his death. Said system  shall  recalculate
the benefits payable on account of his death and shall pay such benefits
to  his  beneficiary  as  otherwise provided, less any amount already so
paid.
  S 2. All costs attributable to the operation  of  this  act  shall  be
borne  by  the  employers  of  members  of  the New York state teachers'
retirement system.
  S 3. This act shall take effect immediately.
  FISCAL NOTE.--This bill would allow Florence M. Covell, the  widow  of
member John F.  Covell who died in active service, to receive the Tier 4
active member death benefit. Ms. Covell received the lesser Tier 1 death
benefit  because  her  husband was a Tier 1 member of the New York State
Teachers' Retirement System at the time of his death.   He had  recently
completed a tier reinstatement from Tier 4 to Tier 1.
  The  cost  for  this  benefit  is equal to the increase in the present
value of benefits, which is estimated to be $94,000.
  The source of this estimate is Fiscal Note 2011-10 dated March 8, 2011
prepared by the Actuary of  the  New  York  State  Teachers'  Retirement
System and is intended for use only during the 2011 Legislative Session.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03688-02-1

S3989A (ACTIVE) - Bill Details

Current Committee:
Law Section:
Retirement
Versions Introduced in 2009-2010 Legislative Session:
S3448

S3989A (ACTIVE) - Bill Texts

view summary

Assigns the late John Francis Covell to tier 4 status in the New York state teachers' retirement system as of the date of his death.

view sponsor memo
BILL NUMBER:S3989A

TITLE OF BILL:
An act to assign the late John Francis Covell to tier 4 status in the
New York state teachers' retirement system as of the date of his death

PURPOSE:
This bill would allow Mrs. Florence M. Covell, widow of member John F.
Covell who died in active service, to receive a Tier 4 active member
death benefit. Mrs. Covell received the lesser Tier 1 death benefit
because her husband was a Tier 1 member of the New York State Retirement
System at the time of his death. He had recently completed a tier rein-
statement from Tier 4 to Tier 1.

SUMMARY OF PROVISIONS:
See the Purpose section above.

JUSTIFICATION:
It seems that near the time of death of Mr. Covell, that Mr. Covell
mistakenly filled out his retirement forms to transfer to Tier 1 status
when that would not have been in the best interests of himself or his
family. The bill corrects that misfortune due to the confusion of all
parties at the time of Mr. Covell's death.

LEGISLATIVE HISTORY:
S.4294A of 2008, S.3839A of 2006, S.4294A of 2007/2008, S.3448 of
2009/2010

FISCAL IMPLICATIONS:
See attached fiscal note.

EFFECTIVE DATE:
This act shall take effect immediately.

view full text
download pdf
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 3989--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             March 11, 2011
                               ___________

Introduced  by  Sen.  LARKIN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Civil Service and Pensions
  -- 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  commit-
  tee

AN  ACT  to  assign the late John Francis Covell to tier 4 status in the
  New York state teachers' retirement system as of the date of his death

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Notwithstanding  any  inconsistent provision of law, John
Francis Covell, a deceased  member  of  the  New  York  state  teachers'
retirement system, shall be deemed to have had tier 4 status as a member
of  said  system on the date of his death. Said system shall recalculate
the benefits payable on account of his death and shall pay such benefits
to his beneficiary as otherwise provided, less  any  amount  already  so
paid.
  S  2.  All  costs  attributable  to the operation of this act shall be
borne by the employers of  members  of  the  New  York  state  teachers'
retirement system.
  S 3. This act shall take effect immediately.
  FISCAL  NOTE.--This  bill would allow Florence M. Covell, the widow of
member John F.  Covell who died in active service, to receive the Tier 4
active member death benefit. Ms. Covell received the lesser Tier 1 death
benefit because her husband was a Tier 1 member of the  New  York  State
Teachers'  Retirement  System at the time of his death.  He had recently
completed a tier reinstatement from Tier 4 to Tier 1.
  The cost for this benefit is equal to  the  increase  in  the  present
value of benefits, which is estimated to be $94,000.
  The  source  of this estimate is Fiscal Note 2012-26 dated May 1, 2012
prepared by the Actuary of  the  New  York  State  Teachers'  Retirement

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03688-04-2

S. 3989--A                          2

System and is intended for use only during the 2012 Legislative Session.
I,  Richard  A.  Young,  am the Actuary for the New York State Teachers'
Retirement System. I am a member of the American  Academy  of  Actuaries
and  I meet the Qualification Standards of the American Academy of Actu-
aries to render the actuarial opinion contained herein.

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