Provides Mario C. Donofrio the opportunity to purchase retirement credit for time in U.S. military service during the Korean conflict.
Law Section: Retirement
Law Section: Retirement
- May 15, 2012: held for consideration in governmental employees
- Jan 4, 2012: referred to governmental employees
- Mar 28, 2011: referred to governmental employees
S T A T E O F N E W Y O R K
6749 2011-2012 Regular Sessions I N ASSEMBLY March 28, 2011
Introduced by M. of A. RA -- read once and referred to the Committee on Governmental Employees
AN ACT in relation to providing retirement credit to Mario C. Donofrio for military service during the Korean conflict
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, Mario C. Dono frio, a retired member of the New York state and local employees' retirement system, having retired on December 31, 1997; and who served in the United States military during the Korean conflict; shall be enti tled to receive credit for his time of Korean conflict service if, on or before December 31, 2011 he: (1) shall file a request to such effect with the head of the New York state and local employees' retirement system; and (2) shall pay to the New York state and local employees' retirement system an amount equal to the product of the number of years of military service being claimed and three percent of his annual rate of compensation immediately preceding his retirement.
S 2. This act shall take effect immediately and the increase in bene fits shall begin on and after such effective date. FISCAL NOTE.--Pursuant to Legislative Law,
This bill would grant additional service credit to Mario C. Donofrio, a retired member of the New York State and Local Employees' Retirement System, for service rendered in the Korean conflict. If this bill is enacted, there will be an immediate past service cost of approximately $24,200. Of this amount, Mr. Donofrio will be required to pay $5,400, and the remaining $18,800 will be shared by the State of New York and all the participating employers in the New York State and Local Employees' Retirement System. This estimate, dated March 16, 2011 and intended for use only during the 2011 Legislative Session, is Fiscal Note No. 2011-136, prepared by the Actuary for the New York State and Local Employees' Retirement System.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09282-02-1