senate Bill S6224A

Signed By Governor
2011-2012 Legislative Session

Relates to the right of vested members to withdraw from the New York city teachers' retirement system

download bill text pdf

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Archive: Last Bill Status Via A9157 - Signed by Governor


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

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Actions

view actions (12)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Aug 17, 2012 signed chap.384
Aug 06, 2012 delivered to governor
Jun 21, 2012 returned to assembly
passed senate
3rd reading cal.1464
substituted for s6224a
Jun 21, 2012 substituted by a9157a
ordered to third reading cal.1464
committee discharged and committed to rules
May 31, 2012 print number 6224a
amend and recommit to cities
Jan 13, 2012 referred to cities

S6224 - Details

See Assembly Version of this Bill:
A9157A
Law Section:
New York City Administrative Code
Laws Affected:
Amd §13-541, NYC Ad Cd

S6224 - Summary

Relates to the right of vested members to withdraw from the New York city teachers' retirement system; allows a member who has permanently ceased teaching in New York to elect to withdraw his/her accumulated contributions to enable the member to obtain credit for the teaching service in another state provided such member has at least five years of service credit in that system, and the withdrawal must be necessary in order for the member to obtain credit in the other system.

S6224 - Sponsor Memo

S6224 - Bill Text download pdf

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

                                  6224

                            I N  S E N A T E

                            January 13, 2012
                               ___________

Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Cities

AN ACT to amend the administrative code of the  city  of  New  York,  in
  relation  to the right of vested members to withdraw from the New York
  city teachers' retirement system

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

  Section  1.  Section  13-541 of the administrative code of the city of
New York, as amended by chapter 854 of the laws of 1985, is  amended  to
read as follows:
  S  13-541 Termination of membership; resignation, transfer or dismiss-
al. 1. Withdrawals from the retirement association shall be by  resigna-
tion, by transfer, or by dismissal. Should a contributor resign from the
position  by  virtue  of  which  he  or  she  is a contributor under the
provisions of this chapter, or should he or she, upon transferring  from
such  a position to another position in the city-service, fail to become
a transferred-contributor as provided in section 13-523 of this chapter,
his or her membership in such association shall cease except as provided
in section 13-556 of this code and he or she shall be paid forthwith the
full amount of the accumulated deductions standing to the credit of  his
or her individual account in the annuity savings fund.
  2.  NOTWITHSTANDING  ANY  OTHER  PROVISION OF LAW TO THE CONTRARY, ANY
MEMBER OF THE RETIREMENT ASSOCIATION  SUBJECT  TO  ARTICLE  FOURTEEN  OR
FIFTEEN  OF  THE  RETIREMENT AND SOCIAL SECURITY LAW WHO HAS PERMANENTLY
CEASED TEACHING SHALL HAVE THE RIGHT TO ELECT THE RETURN OF HIS  OR  HER
ACCUMULATED CONTRIBUTIONS AND THEREBY TERMINATE HIS OR HER MEMBERSHIP IN
THE  RETIREMENT  ASSOCIATION  WITHOUT REGARD TO THE AMOUNT OF SERVICE TO
HIS OR HER CREDIT, PROVIDED  A  PUBLIC  EMPLOYEE  RETIREMENT  SYSTEM  IN
ANOTHER  STATE HAS CERTIFIED IN A MANNER SATISFACTORY TO THE SYSTEM THAT
SUCH MEMBER IS A MEMBER OF SUCH OTHER RETIREMENT SYSTEM,  HAS  AT  LEAST
FIVE  YEARS  OF RETIREMENT CREDIT IN SUCH OTHER SYSTEM, AND IS ELIGIBLE,
UPON THE TERMINATION OF HIS OR HER MEMBERSHIP IN THE SYSTEM,  TO  OBTAIN
RETIREMENT  CREDIT IN SUCH OTHER RETIREMENT SYSTEM FOR THE SERVICE WHICH
HAS BEEN CREDITED TO HIS OR HER MEMBERSHIP IN THE SYSTEM. UPON REFUND OF

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

S6224A (ACTIVE) - Details

See Assembly Version of this Bill:
A9157A
Law Section:
New York City Administrative Code
Laws Affected:
Amd §13-541, NYC Ad Cd

S6224A (ACTIVE) - Summary

Relates to the right of vested members to withdraw from the New York city teachers' retirement system; allows a member who has permanently ceased teaching in New York to elect to withdraw his/her accumulated contributions to enable the member to obtain credit for the teaching service in another state provided such member has at least five years of service credit in that system, and the withdrawal must be necessary in order for the member to obtain credit in the other system.

S6224A (ACTIVE) - Sponsor Memo

S6224A (ACTIVE) - Bill Text download pdf

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

                                 6224--A

                            I N  S E N A T E

                            January 13, 2012
                               ___________

Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
  printed to be committed  to  the  Committee  on  Cities  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN  ACT  to  amend  the  administrative code of the city of New York, in
  relation to the right of vested members to withdraw from the New  York
  city teachers' retirement system

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

  Section 1. Section 13-541 of the administrative code of  the  city  of
New  York,  as amended by chapter 854 of the laws of 1985, is amended to
read as follows:
  S 13-541 Termination of membership; resignation, transfer or  dismiss-
al.  1. Withdrawals from the retirement association shall be by resigna-
tion, by transfer, or by dismissal. Should a contributor resign from the
position by virtue of which  he  or  she  is  a  contributor  under  the
provisions  of this chapter, or should he or she, upon transferring from
such a position to another position in the city-service, fail to  become
a transferred-contributor as provided in section 13-523 of this chapter,
his or her membership in such association shall cease except as provided
in section 13-556 of this code and he or she shall be paid forthwith the
full  amount of the accumulated deductions standing to the credit of his
or her individual account in the annuity savings fund.
  2. NOTWITHSTANDING ANY OTHER PROVISION OF LAW  TO  THE  CONTRARY,  ANY
MEMBER  OF  THE  RETIREMENT  ASSOCIATION  SUBJECT TO ARTICLE FOURTEEN OR
FIFTEEN OF THE RETIREMENT AND SOCIAL SECURITY LAW  WHO  HAS  PERMANENTLY
CEASED  TEACHING  SHALL HAVE THE RIGHT TO ELECT THE RETURN OF HIS OR HER
ACCUMULATED CONTRIBUTIONS AND THEREBY TERMINATE HIS OR HER MEMBERSHIP IN
THE RETIREMENT ASSOCIATION WITHOUT REGARD TO THE AMOUNT  OF  SERVICE  TO
HIS  OR  HER  CREDIT,  PROVIDED  A  PUBLIC EMPLOYEE RETIREMENT SYSTEM IN
ANOTHER STATE HAS CERTIFIED IN A MANNER SATISFACTORY TO THE SYSTEM  THAT
SUCH  MEMBER  IS  A MEMBER OF SUCH OTHER RETIREMENT SYSTEM, HAS AT LEAST
FIVE YEARS OF RETIREMENT CREDIT IN SUCH OTHER SYSTEM, AND  IS  ELIGIBLE,
UPON  THE  TERMINATION OF HIS OR HER MEMBERSHIP IN THE SYSTEM, TO OBTAIN

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

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