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

                                 5749--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                              June 2, 2015
                               ___________

Introduced  by  Sen.  STEWART-COUSINS -- read twice and ordered printed,
  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  commit-
  tee

AN  ACT to authorize Leila El-Chehabi to apply for 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.  1.  Notwithstanding  any  other  provision  of law, Leila
El-Chehabi, a member of the New York state teachers'  retirement  system
since  1982,  who  worked  as  a full-time teacher for the United States
Department of Defense Dependent Schools at Bitburg  Air  Force  Base  in
Bitburg,  Germany  from  1987  until  1992, shall be entitled to receive
service credit in such retirement system for her time  working  for  the
United  States  government  if,  on or before December 31, 2016 she: (1)
shall file a request to such effect with the New  York  state  teachers'
retirement  system;  and  (2)  shall pay to the New York state teachers'
retirement system an amount which such  member  would  have  contributed
during  such  period, together with any interest thereon.  The crediting
of service pursuant to this act shall be substantially equivalent to the
crediting of service in accordance with articles 14 or 15 of the retire-
ment and social security law. Provided, however, no such credit shall be
allowed for any service for which Leila El-Chehabi is receiving a  bene-
fit  or  will  be  entitled to receive a benefit at any future time from
some other public or private retirement system or plan in this state  or
in any other state or from the federal government.
  2.  Nothing  in  this  act  shall  authorize or require the retirement
system to credit service where not permitted by section  415(n)  of  the
Internal Revenue Code or any regulations promulgated thereunder.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10238-07-6
              

S. 5749--A                          2

  S 2. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
  This  bill  would  allow Leila El-Chehabi, an active member of the New
York State Teachers' Retirement System with Tier 3 status,  to  purchase
subsequent  service  credit  from  her employment with the United States
Department of Defense Dependent Schools at Bitburg  Air  Force  Base  in
Bitburg,  Germany  from  1987  until  1992.  However, no credit shall be
allowed for any service for which she will  be  entitled  to  receive  a
benefit from another retirement system. Ms. El-Chehabi must file a writ-
ten  request  with  the  head of the New York State Teachers' Retirement
System on or before December 31, 2016 to that effect.
  The cost of this benefit is equal to the increase in the present value
of liabilities, which is estimated to be $133,900. This  cost  would  be
borne  by  the  employers  of  members  of  the New York State Teachers'
Retirement System and by Ms. El-Chehabi. The employers of members of the
New York State Teachers' Retirement  System  would  be  responsible  for
approximately $117,600 and Ms. El-Chehabi for approximately $16,300.
  Employee  data  is  from  the System's most recent actuarial valuation
files, consisting of data provided by the employers  to  the  Retirement
System.  Data  distributions and statistics can be found in the System's
Comprehensive Annual Financial  Report  (CAFR).  System  assets  are  as
reported  in the System's financial statements, and can also be found in
the CAFR. Actuarial assumptions and methods are provided in the System's
Actuarial Valuation Report.
  The source of this estimate is Fiscal Note 2016-30 dated June 10, 2016
prepared by the Actuary of  the  New  York  State  Teachers'  Retirement
System and is intended for use only during the 2016 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.