Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 12, 2014 |
referred to governmental employees delivered to assembly passed senate |
May 21, 2014 |
advanced to third reading |
May 20, 2014 |
2nd report cal. |
May 19, 2014 |
1st report cal.797 |
Apr 07, 2014 |
referred to civil service and pensions |
Senate Bill S6950
2013-2014 Legislative Session
Sponsored By
(R, C, IP, RFM) Senate District
Archive: Last Bill Status - In Assembly 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
Actions
Votes
2013-S6950 (ACTIVE) - Details
2013-S6950 (ACTIVE) - Sponsor Memo
BILL NUMBER:S6950 TITLE OF BILL: An act in relation to granting Sal Medak Tier I status in the New York state and local employees' retirement system with a membership date of January 1972 PURPOSE: This bill would deem retired member Sal Medak to have become a member of the New York State and Local Employees' Retirement System (ERS) on January 1, 1972, thereby granting him the right to have his final average salary recalculated with the inclusion of his lump sum payment made for his unused vacation leave. SUMMARY OF PROVISIONS: Section 1 provides for Sal Medak's membership in the New York State and Local Employees' Retirement System effective January 1, 1972. Section 2 provides for an immediate effective date. JUSTIFICATION: Sal Medak began working for the New York City Education Department on January 1, 1972. However, his current date of membership is listed in the NYS Retirement System records as 9/18/1972. Mr. Medak maintains
2013-S6950 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6950 I N S E N A T E April 7, 2014 ___________ Introduced by Sen. SEWARD -- read twice and ordered printed, and when printed to be committed to the Committee on Civil Service and Pensions AN ACT in relation to granting Sal Medak Tier I status in the New York state and local employees' retirement system with a membership date of January 1972 THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Notwithstanding any inconsistent provision of law, Sal Medak, who has been employed with the New York city education department since January of 1972, and for reasons not ascribable to his own negli- gence did not become a member of the New York state and local employees' retirement system at the time of his hiring and who is currently a Tier I member of the New York state and local employees' retirement system with a membership date of September 1972 shall be deemed to have become a member of such system as of January 1, 1972 entitling him to Tier I status with every right, benefit and privilege which would have been available to him on such date. S 2. This act shall take effect immediately. FISCAL NOTE.-- This bill would deem retired member Sal Medak to have become a member of the New York State and Local Employees' Retirement System (ERS) on January 1, 1972, thereby granting him the right to have his final average salary recalculated with the inclusion of the lump sum payment made for his unused vacation leave. If this bill is enacted, there will be a past service cost of approxi- mately $56,200 which will be shared by the state of New York and the participating employers in the ERS. Summary of relevant resources: The membership data used in measuring the impact of the proposed change was the same as that used in the March 31, 2013 actuarial valu- ation. Distributions and other statistics can be found in the 2013 Report of the Actuary and the 2013 Comprehensive Annual Financial Report. The actuarial assumptions and methods used are described in the 2010, 2011, 2012 and 2013 Annual Report to the Comptroller on Actuarial EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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