Senate Bill S7634

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

    S. 7634                                                 A. 10611

                      S E N A T E - A S S E M B L Y

                              June 8, 2012
                               ___________

IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Civil Service
  and Pensions

IN  ASSEMBLY -- Introduced by COMMITTEE ON RULES -- (at request of M. of
  A. Losquadro) -- read once and referred to the  Committee  on  Govern-
  mental Employees

AN  ACT  in  relation to granting George William Husing credit for prior
  service in the New York state and local employees' retirement system

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

  Section  1.  Notwithstanding  any  other  law  to the contrary, George
William Husing, who was employed as a lifeguard by the  New  York  state
office of parks, recreation and historic preservation from June 18, 1955
until September 9, 1955, from June 17, 1956 until September 3, 1956, and
from  July 20, 1957 until September 8, 1957, and for no reasons ascriba-
ble to his own negligence did not become a member of the New York  state
and local employees' retirement system at the time of his hiring and who
is currently a retired member of the New York state teachers' retirement
system  and  shall be entitled to receive service credit in the New York
state teachers' retirement system and have his retirement benefit recal-
culated with such service credit, provided that an application is  filed
with  the  head of the New York state teachers' retirement system within
one year from the effective date of this act.
  S 2. All past service costs of implementing the provisions of this act
shall be borne by the New York state teachers' retirement system.
  S 3. This act shall take effect immediately and shall apply to retire-
ment benefit payments made to George William  Husing  on  or  after  the
effective date of this act.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
  This  bill  would allow George William Husing, a retired member of the
New York State Teachers' Retirement System (NYSTRS), who was employed as
a lifeguard by the New York State office of  Parks  and  Recreation  and
Historic  Preservation  from June 18, 1955 until September 9, 1955, from

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

                                                           LBD14741-04-2

S. 7634                             2                           A. 10611

June 17, 1956 until September 3, 1956, and  from  July  20,  1957  until
September 8, 1957 to receive service credit with NYSTRS for such employ-
ment.  Mr.  Husing's  retirement benefit would be recalculated with this
additional  service  credit  for  retirement benefit payments made on or
after the effective date of this bill. Mr. Husing must file an  applica-
tion  with  the  head  of the New York State Teachers' Retirement System
within one year 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 $12,000.
  The source of this estimate is Fiscal Note 2012-32 dated June 4,  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.