Senate Bill S6420A

Vetoed By Governor
2019-2020 Legislative Session

Relates to retirement benefits calculation for Katherine Sweeney

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A8295 - 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions
Votes

Bill Amendments

2019-S6420 - Details

See Assembly Version of this Bill:
A8295
Law Section:
Retirement

2019-S6420 - Summary

Relates to the miscalculation of benefits paid to Katherine Sweeney.

2019-S6420 - Sponsor Memo

2019-S6420 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6420
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                               June 10, 2019
                                ___________
 
 Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT relating to the miscalculation  of  benefits  paid  to  Katherine
   Sweeney
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Notwithstanding any other provision of law to the contrary,
 Katherine Sweeney, a member of the New York state  teachers'  retirement
 system  from  June  24,  1968  through  June 30, 2004, shall continue to
 receive the revised benefit amount as determined by the New  York  state
 teachers' retirement system on November 1, 2018.
   §  2.  The  New  York  state teachers' retirement system shall pay all
 costs associated with the overpayment to Katherine Sweeney in the amount
 of $49,911.
   § 3. This act shall take effect immediately.
   FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
   This bill would allow Katherine Sweeney, a retired member of  the  New
 York  State Teachers' Retirement System (NYSTRS), to continue to receive
 the revised benefit amount as determined by NYSTRS on November 1,  2018.
 Furthermore  NYSTRS  will  pay  the cost associated with the overpayment
 made to Ms. Sweeney in the amount of $49,911.
   The cost of this benefit is equal to the overpayment amount of $49,911
 required to be paid by NYSTRS on Ms. Sweeney's behalf. This cost  is  to
 be borne by the employers of members of the NYSTRS.
   Member  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.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

2019-S6420A (ACTIVE) - Details

See Assembly Version of this Bill:
A8295
Law Section:
Retirement

2019-S6420A (ACTIVE) - Summary

Relates to the miscalculation of benefits paid to Katherine Sweeney.

2019-S6420A (ACTIVE) - Sponsor Memo

2019-S6420A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  6420--A
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                               June 10, 2019
                                ___________
 
 Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules  --  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 committee

 AN  ACT  relating  to  the  miscalculation of benefits paid to Katherine
   Sweeney
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Notwithstanding any other provision of law to the contrary,
 Katherine  Sweeney,  a member of the New York state teachers' retirement
 system from June 24, 1968 through  June  30,  2004,  shall  continue  to
 receive  the  revised benefit amount as determined by the New York state
 teachers' retirement system that took effect with  her  benefit  payment
 dated August 31, 2019.
   §  2.  The  New  York  state teachers' retirement system shall pay all
 costs associated with the overpayment to Katherine Sweeney in the amount
 of $64,275.
   § 3. This act shall take effect immediately.
   FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
   This bill would allow Katherine Sweeney, a retired member of  the  New
 York  State Teachers' Retirement System (NYSTRS), to continue to receive
 her revised benefit amount as determined by NYSTRS that took effect with
 her benefit payment dated August  31,  2019.  Furthermore,  NYSTRS  will
 absorb the $64,275 in overpayments made to Ms. Sweeney since her date of
 retirement.
   The cost of this benefit is equal to the overpayment amount of $64,275
 to  be  absorbed  by NYSTRS on Ms.  Sweeney's behalf. This cost is to be
 borne by the employers of members of the NYSTRS.
   Member data is from  the  System's  most  recent  actuarial  valuation
 files,  consisting  of  data provided by the employers to the Retirement
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.