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Assembly Bill A6848

2011-2012 Legislative Session

Provides certain members of the New York state teachers' retirement system with additional service credit for accumulated unused sick leave

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Archive: Last Bill Status - In Assembly Committee

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2011-A6848 (ACTIVE) - Details

Current Committee:
Assembly Governmental Employees
Law Section:
Education Law
Laws Affected:
Amd ยง509, Ed L

2011-A6848 (ACTIVE) - Summary

Provides certain members of the NYS Teachers' Retirement System with additional service credit for accumulated unused sick leave.

2011-A6848 (ACTIVE) - Bill Text download pdf 

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

                                  6848

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                              April 5, 2011
                               ___________

Introduced by M. of A. ABBATE -- read once and referred to the Committee
  on Governmental Employees

AN  ACT to amend the education law, in relation to service credit in 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. Section 509 of the education law is amended by adding a new
subdivision 13 to read as follows:
  13.  IN  ADDITION  TO  ANY  OTHER SERVICE CREDIT TO WHICH HE OR SHE IS
ENTITLED, A MEMBER, SUBJECT TO THIS ARTICLE OR TO  ARTICLE  FOURTEEN  OR
FIFTEEN  OF  THE  RETIREMENT  AND SOCIAL SECURITY LAW, WHO RETIRES ON OR
AFTER JULY FIRST, TWO THOUSAND ELEVEN AND WHO, PRIOR TO RETIREMENT,  WAS
SUBJECT  TO  A PLAN ESTABLISHED BY AN EMPLOYER BY LAW, RULE, REGULATION,
WRITTEN ORDER OR WRITTEN POLICY WHICH PROVIDED FOR THE  REGULAR  EARNING
AND  ACCUMULATION  OF  SICK LEAVE SHALL BE GRANTED ONE DAY OF ADDITIONAL
SERVICE CREDIT FOR EACH DAY OF ACCUMULATED UNUSED SICK LEAVE WHICH HE OR
SHE HAS AT TIME OF RETIREMENT FOR SERVICE, BUT SUCH CREDIT SHALL NOT (A)
EXCEED NINETY DAYS, (B) BE CONSIDERED IN  MEETING  ANY  SERVICE  OR  AGE
REQUIREMENTS PRESCRIBED IN THIS ARTICLE, OR (C) BE CONSIDERED IN COMPUT-
ING FINAL AVERAGE SALARY.
  S 2.  This act shall take effect immediately.
  FISCAL  NOTE.--This bill would allow all members of the New York State
Teachers' Retirement System who retire on  or  after  July  1,  2011  to
receive  service  credit  for  up  to 90 days of unused accumulated sick
leave. Such additional credit is  to  be  used  in  the  calculation  of
retirement benefits, but not for meeting any service or age requirements
or in the computation of final average salary.
  The  annual  cost  to  the  employers of members of the New York State
Teachers' Retirement System for this benefit is estimated  to  be  $99.3
million or .65% of payroll if this bill is enacted.
  The source of this estimate is Fiscal Note 2011-19 dated March 9, 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

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