senate Bill S8070

Vetoed By Governor
2017-2018 Legislative Session

Relates to granting retroactive membership in the teachers' retirement system to Margaret Russo

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Archive: Last Bill Status - Vetoed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Vetoed by Governor

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Actions

view actions (13)
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 19, 2018 referred to governmental employees
delivered to assembly
passed senate
Apr 18, 2018 advanced to third reading
Apr 17, 2018 2nd report cal.
Apr 16, 2018 1st report cal.748
Mar 26, 2018 referred to civil service and pensions

Votes

view votes

Apr 16, 2018 - Civil Service and Pensions committee Vote

S8070
10
0
committee
10
Aye
0
Nay
0
Aye with Reservations
0
Absent
1
Excused
0
Abstained
show Civil Service and Pensions committee vote details

Civil Service and Pensions Committee Vote: Apr 16, 2018

excused (1)

S8070 (ACTIVE) - Details

See Assembly Version of this Bill:
A10388
Law Section:
Retirement

S8070 (ACTIVE) - Summary

Grants retroactive membership in the teachers' retirement system to Margaret Russo based upon prior employment with the Brooklyn public library.

S8070 (ACTIVE) - Sponsor Memo

S8070 (ACTIVE) - Bill Text download pdf


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

                                  8070

                            I N  S E N A T E

                             March 26, 2018
                               ___________

Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Civil Service and Pensions

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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