senate Bill S5330A

2011-2012 Legislative Session

Authorizes Kim F. Salinovich to purchase service credit in the New York state teachers' retirement system for employment as high school equivalency teacher

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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 5330a
amend and recommit to civil service and pensions
Jan 04, 2012 referred to civil service and pensions
May 06, 2011 referred to civil service and pensions

Bill Amendments

Original
A (Active)
Original
A (Active)

S5330 - Bill Details

Current Committee:
Law Section:
Retirement
Versions Introduced in 2009-2010 Legislative Session:
S2773A

S5330 - Bill Texts

view summary

Authorizes Kim F. Salinovich to purchase service credit in the New York state teachers' retirement system for employment as a high school equivalency teacher by the Hudson Valley Opportunities Industrialization Center.

view sponsor memo
BILL NUMBER:S5330

TITLE OF BILL:
An act
to authorize Kim F. Salinovich to purchase service credit in the New
York state teachers' retirement system for certain employment as a high
school equivalency instructor

PURPOSE:
To allow Kim F. Salinovich to purchase service credit for retirement
purposes for the period of time she worked as a high school
equivalency instructor at Hudson Valley Opportunities
Industrialization Center.

SUMMARY OF PROVISIONS:
Section 1: Authorizes Ms. Salinovich to purchase service credit in the
New York state teachers' retirement system for her employment by the
Hudson Valley Opportunities Industrialization Center from November
1979 through August 1981 and November 1982 through August 1987.
This section requires Ms. Salinovich to pay the NYSTRS an amount equal
to three percent of the salary she received for the period of service
being claimed, with regular interest thereon.

Section 2: All costs other than the costs to be borne by Kim F.
Salinovich pursuant to Section 1 of this act, shall be borne by the
employers of members of the NYSTRS.

JUSTIFICATION:
Even though Ms. Salinovich was instructing public school children as a
high school equivalency instructor at Hudson Valley Opportunities
Industrialization Center Ms. Salinovich has been unable to receive
credit for her service for the HVOIC. This is because the HVOIC does
not meet the definition of an employer eligible for participation in
the NYSTRS as defined in NYS Education Law. However, all of the
funding for HVOIC came from state sources and was a quasi-public
entity. This bill if signed into law would allow Ms. Salinovich to
buy back her time employed at the HVOIC from November 1979 through
August 1981 and November 1982 through August 1987.

LEGISLATIVE HISTORY:
S.8192 of 2008
S.2773-A of 2009/2010

FISCAL IMPLICATIONS:
See attached fiscal note.

LOCAL FISCAL IMPLICATIONS:
None.

EFFECTIVE DATE:
This act shall take effect immediately.

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

                                  5330

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               May 6, 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 authorize Kim F. Salinovich to purchase service credit in  the
  New York state teachers' retirement system for certain employment as a
  high school equivalency instructor

  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, Kim F.  Salino-
vich,  a  member  of the New York state teachers' retirement system, who
was employed as a high  school  equivalency  instructor  by  the  Hudson
Valley Opportunities Industrialization Center from November 1979 through
August  1981  and  November 1982 through August 1987, and such if it had
been performed for an employer defined in subdivision 3 of  section  501
of  the  education  law  would constitute service as a teacher, shall be
authorized to purchase service credit in such retirement system for  her
employment  by  the Hudson Valley Opportunities Industrialization Center
if, within 180 days of the effective date of this act,  she  applies  to
the head of the New York state teachers' retirement system.
  Ms.  Salinovich  shall be required to pay to the New York state teach-
ers' retirement system an amount equal to three percent  of  the  salary
she  received  for  the  period  of  service being claimed, with regular
interest thereon, from  the  school  years  in  which  the  service  was
rendered to the date of purchase.
  S  2.  All costs attributable to the implementation of this act, other
than the costs to be borne by Kim F. Salinovich pursuant to section  one
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  Kim  F.  Salinovich,  an  active
member  of  the New York State Teachers' Retirement System, intending to
retire on June 30, 2011, to purchase service credit for time worked as a

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09814-02-1

S. 5330                             2

high school equivalency instructor at Hudson Valley Opportunities Indus-
trialization Center, Inc.  from November 1979 through  August  1981  and
November 1982 through August 1987. The service credit will be granted as
if  the  service  was  performed for a participating employer defined in
subdivision 3 of section 501 of the Education Law. Ms.  Salinovich  will
be  required  to  pay three percent of salary received for the period of
service being claimed with regular interest thereon. Ms. Salinovich must
file a written request with the head of the  New  York  State  Teachers'
Retirement System within 180 days of the effective date of this bill.
  The cost of this benefit is equal to the increase in the present value
of liabilities, which is estimated to be $278,000.
  The  source  of this estimate is Fiscal Note 2011-43 dated May 4, 2011
prepared by the Actuary of  the  New  York  State  Teachers'  Retirement
System and is intended for use only during the 2011 Legislative Session.

S5330A (ACTIVE) - Bill Details

Current Committee:
Law Section:
Retirement
Versions Introduced in 2009-2010 Legislative Session:
S2773A

S5330A (ACTIVE) - Bill Texts

view summary

Authorizes Kim F. Salinovich to purchase service credit in the New York state teachers' retirement system for employment as a high school equivalency teacher by the Hudson Valley Opportunities Industrialization Center.

view sponsor memo
BILL NUMBER:S5330A

TITLE OF BILL:
An act to authorize Kim F. Salinovich to purchase service credit in the
New York state teachers' retirement system for certain employment as a
high school equivalency instructor

PURPOSE:
To allow Kim F. Salinovich to purchase service credit for retirement
purposes for the period of time she worked as a high school equivalency
instructor at Hudson Valley Opportunities Industrialization Center.

SUMMARY OF PROVISIONS:
Section 1: Authorizes Ms. Salinovich to purchase service credit in the
New York state teachers' retirement system for her employment by the
Hudson Valley Opportunities Industrialization Center from November 1979
through August 1981 and November 1982 through August 1987. This section
requires Ms. Salinovich to pay the NYSTRS an amount equal to three
percent of the salary she received for the period of service being
claimed, with regular interest thereon.

Section 2: All costs other than the costs to be borne by Kim F. Salino-
vich pursuant to Section 1 of this act, shall be borne by the employers
of members of the NYSTRS.

JUSTIFICATION:
Even though Ms. Salinovich was instructing public school children as a
high school equivalency instructor at Hudson Valley Opportunities Indus-
trialization Center Ms. Salinovich has been unable to receive credit for
her service for the HVOIC. This is because the HVOIC does not meet the
definition of an employer eligible for participation in the NYSTRS as
defined in NYS Education Law. However, all of the funding for HVOIC came
from state sources and was a quasi-public entity. This bill if signed
into law would allow Ms. Salinovich to buy back her time employed at the
HVOIC from November 1979 through August 1981 and November 1982 through
August 1987.

LEGISLATIVE HISTORY:
S.8192 of 2008
S.2773A of 2009/2010

FISCAL IMPLICATIONS:
See attached fiscal note.

LOCAL FISCAL IMPLICATIONS:
None.

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
________________________________________________________________________

                                 5330--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               May 6, 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 authorize Kim F. Salinovich to purchase service credit in the
  New York state teachers' retirement system for certain employment as a
  high school equivalency instructor

  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, Kim F. Salino-
vich, a retired member  of  the  New  York  state  teachers'  retirement
system,  who was employed as a high school equivalency instructor by the
Hudson Valley Opportunities Industrialization Center from November  1979
through  August  1981 and November 1982 through August 1987, and such if
it had been performed for  an  employer  defined  in  subdivision  3  of
section  501 of the education law would constitute service as a teacher,
shall be authorized to purchase service credit in such retirement system
for her employment by the Hudson Valley Opportunities  Industrialization
Center  if,  within  180  days  of  the  effective date of this act, she
applies to the head of the New York state teachers' retirement system.
  Ms. Salinovich shall be required to pay to the New York  state  teach-
ers'  retirement  system  an amount equal to three percent of the salary
she received for the period  of  service  being  claimed,  with  regular
interest  thereon,  from  the  school  years  in  which  the service was
rendered to the date of purchase.
  S 2. All costs attributable to the implementation of this  act,  other
than  the costs to be borne by Kim F. Salinovich pursuant to section one
of this act, shall be borne by the employers of members of the New  York
state teachers' retirement system.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09814-03-2

S. 5330--A                          2

  S 3. This act shall take effect immediately.
  FISCAL  NOTE.--This  bill  would  allow  Kim  F. Salinovich, a retired
member of the New York State Teachers' Retirement  System,  to  purchase
service  credit  for time worked as a high school equivalency instructor
at Hudson Valley Opportunities  Industrialization  Center,  Inc.    from
November 1979 through August 1981 and November 1982 through August 1987.
The service credit will be granted as if the service was performed for a
participating  employer  defined  in subdivision 3 of section 501 of the
Education Law. Ms. Salinovich will be required to pay three  percent  of
salary  received  for  the  period of service being claimed with regular
interest thereon.  Ms. Salinovich's pension would be  recalculated  with
retroactive  adjustment to payments made since her date of retirement of
July 1, 2011.  Ms. Salinovich must file a written request with the  head
of the New York State Teachers' Retirement System within 180 days of the
effective date of this bill.
  The cost of this benefit is equal to the increase in the present value
of liabilities, which is estimated to be $303,000.
  The  source  of this estimate is Fiscal Note 2012-27 dated May 1, 2012
prepared by the Actuary of  the  New  York  State  Teachers'  Retirement
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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