Senate Bill S4352A

2013-2014 Legislative Session

Grants retroactive membership with tier 1 status in the New York teachers' retirement system to James J. DeMarco

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Archive: Last Bill Status - In Senate Committee Rules Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

2013-S4352 - Details

See Assembly Version of this Bill:
A6528
Current Committee:
Senate Rules
Law Section:
Retirement
Versions Introduced in Other Legislative Sessions:
2015-2016: S4246, A6230
2017-2018: S6843, A7466
2019-2020: S3694
2021-2022: S6031
2023-2024: S5235

2013-S4352 - Summary

Grants retroactive membership with Tier 1 status in the New York teachers' retirement system to James J. DeMarco.

2013-S4352 - Sponsor Memo

2013-S4352 - Bill Text download pdf

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

                                  4352

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                             March 21, 2013
                               ___________

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

AN ACT granting retroactive membership with tier I  status  in  the  New
  York teachers' retirement system to James J. DeMarco

  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,  James  J.
DeMarco, who was employed as a seasonal employee with the New York power
authority  with  a  start  date of July 17, 1969, and who is currently a
retired member of the New York state teachers'  retirement  system,  who
through  no  fault  of  his  own did not become a member of the New York
state and local employees' retirement system on July 17, 1969 when first
employed by the New York power authority shall be deemed to have  been a
member of the New York state and local employees' retirement  system  on
such  date  he  commenced  his  employment  and  shall be granted Tier I
status, provided that an application is filed with the head of  the  New
York  state  teachers' retirement system within one year from the effec-
tive date of this act.
  S 2. This act shall take effect immediately.
  FISCAL NOTE. -- This bill will allow James J. DeMarco, a retired  Tier
2  member  of  the  New  York  State  Teachers' Retirement System, to be
reclassified as a Tier 1 member. His date of membership would be changed
based upon his employment as a seasonal employee in  1969  for  the  New
York  Power  Authority.  Additionally,  Mr.  Demarco's  pension would be
recalculated with retroactive adjustment to payments made since his date
of retirement of December 7, 2007.
  The cost of this benefit is equal to the increase in the present value
of liabilities, which is estimated to be $395,000.
  The source of this estimate is Fiscal Note  2013-16  dated  March  21,
2013  prepared by the Actuary of the New York State Teachers' Retirement
System and is intended for use only during the 2013 Legislative Session.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08519-02-3
              

2013-S4352A (ACTIVE) - Details

See Assembly Version of this Bill:
A6528
Current Committee:
Senate Rules
Law Section:
Retirement
Versions Introduced in Other Legislative Sessions:
2015-2016: S4246, A6230
2017-2018: S6843, A7466
2019-2020: S3694
2021-2022: S6031
2023-2024: S5235

2013-S4352A (ACTIVE) - Summary

Grants retroactive membership with Tier 1 status in the New York teachers' retirement system to James J. DeMarco.

2013-S4352A (ACTIVE) - Sponsor Memo

2013-S4352A (ACTIVE) - Bill Text download pdf

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

                                 4352--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                             March 21, 2013
                               ___________

Introduced  by Sen. GALLIVAN -- 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  granting  retroactive  membership with tier I status in the New
  York teachers' retirement system to James J. DeMarco

  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, James J.
DeMarco, who was employed as a seasonal employee with the New York power
authority with a start date of July 17, 1969, and  who  is  currently  a
retired  member  of  the New York state teachers' retirement system, who
through no fault of his own did not become a  member  of  the  New  York
state and local employees' retirement system on July 17, 1969 when first
employed by the New York power authority shall be deemed to have  been a
member  of  the New York state and local employees' retirement system on
such date he commenced his  employment  and  shall  be  granted  Tier  I
status,  provided  that an application is filed with the head of the New
York state teachers' retirement system within one year from  the  effec-
tive date of this act.
  S 2. This act shall take effect immediately.
  FISCAL NOTE. Pursuant to Legislative Law, Section 50:
  This  bill will allow James J. DeMarco, a retired Tier 2 member of the
New York State Teachers' Retirement System, to be reclassified as a Tier
1 member. His date of membership would be changed based upon his employ-
ment as a seasonal employee in 1969 for the New  York  Power  Authority.
Additionally,  Mr. DeMarco's pension would be recalculated with retroac-
tive adjustment to payments made since his date of retirement of  Decem-
ber 7, 2007.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08519-03-4
              

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