Assembly Bill A4982

Signed By Governor
2013-2014 Legislative Session

Allows the annual convention of the New York state teachers' retirement system to be held in either the month of October or November

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Archive: Last Bill Status - Signed by Governor

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

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2013-A4982 (ACTIVE) - Details

See Senate Version of this Bill:
S4755
Law Section:
Education Law
Laws Affected:
Amd §505, Ed L

2013-A4982 (ACTIVE) - Summary

Allows the annual convention of the New York state teachers' retirement system to be held in either the month of October or November.

2013-A4982 (ACTIVE) - Bill Text download pdf 

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

                                  4982

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            February 13, 2013
                               ___________

Introduced by M. of A. BROOK-KRASNY -- (at request of the New York State
  Teachers'  Retirement System) -- read once and referred to the Commit-
  tee on Governmental Employees

AN ACT to amend the education law, in relation to  allowing  the  annual
  convention  of  the  New  York state teachers' retirement system to be
  held in either the month of October or November

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

  Section  1.    Subdivision  1 of section 505 of the  education law, as
amended by chapter 623 of the laws  of  1997,  is  amended  to  read  as
follows:
  1.  An annual convention of the members of the retirement system shall
be  held  within  the  state  of New York during the month of OCTOBER OR
November, at an hour and place set by the retirement board on or  before
May  first  of  each  year,  for  the purpose of electing members of the
retirement board.
  S 2. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
  This bill would amend subdivision 1 of section 505  of  the  Education
Law  to  permit  the  annual  convention of the New York State Teachers'
Retirement System (NYSTRS) to be held either during the month of October
or November. Currently, the annual convention of the NYSTRS must be held
during the month of November.
  It is estimated that there will be no annual cost to the employers  of
members  of  the New York State Teachers' Retirement System if this bill
is enacted.
  The source of this estimate is Fiscal Note 2013-3 dated September  19,
2012  prepared by the Actuary of the New York State Teachers' Retirement
System and is intended for use only during the 2013 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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08979-01-3

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