| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Feb 24, 2012 |
print number 4076a |
| Feb 24, 2012 |
amend and recommit to civil service and pensions |
| Jan 04, 2012 |
referred to civil service and pensions |
| Mar 16, 2011 |
referred to civil service and pensions |
Senate Bill S4076A
2011-2012 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Civil Service And Pensions Committee
Actions
Bill Amendments
co-Sponsors
(D, WF) Senate District
2011-S4076 - Details
- Current Committee:
- Senate Civil Service And Pensions
- Law Section:
- Retirement
- Versions Introduced in 2009-2010 Legislative Session:
-
S5859
2011-S4076 - Sponsor Memo
BILL NUMBER:S4076
TITLE OF BILL:
An act
authorizing Antonia Keesler to change her retirement option
PURPOSE OR GENERAL IDEA OF BILL:
To authorize Antonia Keesler to change her retirement option.
SUMMARY OF SPECIFIC PROVISIONS:
Antonia Keesler, was employed by the Sullivan county BOCES and retired
from the New York State Teachers' Retirement System effective April
23, 2008. For reasons not ascribable to her own negligence, she
failed to change her retirement option selection prior to the
expiration of thirty days following the date of payability of her
retirement allowance, shall be deemed to have retired pursuant to the
terms of the Maximum Option.
EFFECTS OF PRESENT LAW WHICH THIS BILL WOULD ALTER:
Ms. Keesler presently does not have the opportunity to change her
retirement benefit under current law.
JUSTIFICATION:
Antonia Keesler was at the time of her retirement and is still
currently undergoing treatment for colon cancer.
At the time of her retirement, Ms. Keesler was given the impression by
2011-S4076 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
4076
2011-2012 Regular Sessions
I N S E N A T E
March 16, 2011
___________
Introduced by Sen. BONACIC -- read twice and ordered printed, and when
printed to be committed to the Committee on Civil Service and Pensions
AN ACT authorizing Antonia Keesler to change her retirement option
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 to the contrary,
Antonia Keesler, who was employed by the Sullivan County BOCES and who
retired from the New York State Teachers' Retirement System effective
April 23, 2008, and for reasons not ascribable to her own negligence,
failed to change her retirement option selection prior to the expiration
of thirty days following the date of payability of her retirement allow-
ance, shall be deemed to have retired pursuant to the terms of the Maxi-
mum Option.
S 2. The costs of implementing the provisions 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.--Pursuant to Legislative Law, Section 50:
This bill would allow Antonia Keesler, a retired member of the New
York State Teachers' Retirement System, to retroactively change her
optional form of benefit to the Maximum Option. Ms. Keesler retired
April 23, 2008 under the Largest Lump Sum Option and failed to change
her retirement option selection prior to the expiration of the thirty
day period following the date of retirement benefit as required by stat-
ute.
The cost of this benefit is equal to the increase in the present value
of the liability, which is estimated to be $20,000.
The source of this estimate is Fiscal Note 2011-20 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
[ ] is old law to be omitted.
LBD01911-02-1
co-Sponsors
(D, WF) Senate District
2011-S4076A (ACTIVE) - Details
- Current Committee:
- Senate Civil Service And Pensions
- Law Section:
- Retirement
- Versions Introduced in 2009-2010 Legislative Session:
-
S5859
2011-S4076A (ACTIVE) - Sponsor Memo
BILL NUMBER:S4076A
TITLE OF BILL:
An act authorizing Antonia Keesler to change her retirement option
PURPOSE OR GENERAL IDEA OF BILL:
To authorize Antonia Keesler to change her retirement option.
SUMMARY OF SPECIFIC PROVISIONS:
Antonia Keesler, was employed by the Sullivan county BOCES and retired
from the New York State Teachers' Retirement System effective April 23,
2008. For reasons not ascribable to her own negligence, she failed to
change her retirement option selection prior to the expiration of thirty
days following the date of payability of her retirement allowance, shall
be deemed to have retired pursuant to the terms of the Maximum Option.
EFFECTS OF PRESENT LAW WHICH THIS BILL WOULD ALTER:
Ms. Keesler presently does not have the opportunity to change her
retirement benefit under current law.
JUSTIFICATION:
Antonia Keesler was at the time of her retirement and is still currently
undergoing treatment for colon cancer. At the time of her retirement,
Ms. Keesler was given the impression by the NYS Teachers' Retirement
System that she would be receiving about 2/3 of her salary by selecting
the Largest Lump Sum Option. She subsequently learned of the error but
2011-S4076A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
4076--A
2011-2012 Regular Sessions
I N S E N A T E
March 16, 2011
___________
Introduced by Sens. BONACIC, ESPAILLAT -- read twice and ordered print-
ed, 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 committee
AN ACT authorizing Antonia Keesler to change her retirement option
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 to the contrary,
Antonia Keesler, who was employed by the Sullivan County BOCES and who
retired from the New York State Teachers' Retirement System effective
April 23, 2008, and for reasons not ascribable to her own negligence,
failed to change her retirement option selection prior to the expiration
of thirty days following the date of payability of her retirement allow-
ance, shall be deemed to have retired pursuant to the terms of the Maxi-
mum Option.
S 2. The costs of implementing the provisions 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.--Pursuant to Legislative Law, Section 50:
This bill would allow Antonia Keesler, a retired member of the New
York State Teachers' Retirement System, to retroactively change her
optional form of benefit to the Maximum Option. Ms. Keesler retired
April 23, 2008 under the Largest Lump Sum Option and failed to change
her retirement option selection prior to the expiration of the thirty
day period following the date of retirement benefit as required by stat-
ute.
The cost of this benefit is equal to the increase in the present value
of the liability, which is estimated to be $26,000.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01911-03-2
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