Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 21, 2018 |
vetoed memo.322 |
Dec 12, 2018 |
delivered to governor |
Jun 20, 2018 |
returned to senate passed assembly ordered to third reading rules cal.486 substituted for a10388 |
Jun 20, 2018 |
substituted by s8070 rules report cal.486 reported reported referred to rules reference changed to ways and means |
Apr 18, 2018 |
referred to governmental employees |
Assembly Bill A10388
Vetoed By Governor2017-2018 Legislative Session
Sponsored By
ABBATE
Archive: Last Bill Status Via S8070 - Vetoed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Vetoed By Governor
- Signed By Governor
Actions
Votes
2017-A10388 (ACTIVE) - Details
- See Senate Version of this Bill:
- S8070
- Law Section:
- Retirement
2017-A10388 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10388 I N A S S E M B L Y April 18, 2018 ___________ Introduced by M. of A. ABBATE -- read once and referred to the Committee on Governmental Employees AN ACT granting retroactive membership in the teachers' retirement system to Margaret Russo 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, Margaret Russo, who was employed as a part-time employee with the Brooklyn public library with a start date of January 1, 1970 until May 1971, and who is currently a member of the teachers' retirement system of the city of New York, who through no fault of her own did not become a member of the teachers' retirement system of the city of New York on January 1, 1970 when first employed by the Brooklyn public library shall be deemed to have been a member of the teachers' retirement system of the city of New York on such date. § 2. No contributions made to the teachers' retirement system of the city of New York by Margaret Russo shall be returned or refunded to her pursuant to this act. § 3. This act shall take effect immediately. FISCAL NOTE. -- Pursuant to Legislative Law, Section 50: SUMMARY OF BILL: The proposed legislation would deem Margaret Russo, an active Tier 4 member of the New York City Teachers' Retirement System (TRS), to be a Tier 1 member with a Membership Date of January 1, 1970. Effective Date: Upon enactment. BACKGROUND - GENERAL: Ms. Russo is currently a Tier 4 TRS member with a Membership Date of October 1, 1995. If the proposed legislation is passed, Ms. Russo would be reclassified as a Tier 1 member as if she had joined a public retirement system with- in the state upon her commencement of employment with the Brooklyn Public Library on January 1, 1970. FINANCIAL IMPACT - ACTUARIAL PRESENT VALUES: The estimated financial impact of this proposal has been calculated based on the difference between the actuarial present value of (1) the Tier 1 benefits Ms. Russo would be expected to receive if this proposed legislation were enacted (including two years of additional service credit under Chapter 126 of the Laws of 2000) and (2) the Tier 4 benefits that Ms. Russo is current-
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