Assembly Bill A6230A

2015-2016 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 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

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Bill Amendments

2015-A6230 - Details

See Senate Version of this Bill:
S4246
Current Committee:
Assembly Governmental Employees
Law Section:
Retirement
Versions Introduced in Other Legislative Sessions:
2013-2014: A6528, S4352
2017-2018: A7466, S6843
2019-2020: S3694
2021-2022: S6031
2023-2024: S5235

2015-A6230 - Summary

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

2015-A6230 - Bill Text download pdf

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

                                  6230

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             March 18, 2015
                               ___________

Introduced by M. of A. DiPIETRO -- read once and referred to the Commit-
  tee on Governmental Employees

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 would 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.
  The cost of this benefit is equal to the increase in the present value
of liabilities, which is estimated to be $437,000.
  Employee 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.
                                                           LBD01297-02-5
              

2015-A6230A (ACTIVE) - Details

See Senate Version of this Bill:
S4246
Current Committee:
Assembly Governmental Employees
Law Section:
Retirement
Versions Introduced in Other Legislative Sessions:
2013-2014: A6528, S4352
2017-2018: A7466, S6843
2019-2020: S3694
2021-2022: S6031
2023-2024: S5235

2015-A6230A (ACTIVE) - Summary

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

2015-A6230A (ACTIVE) - Bill Text download pdf

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

                                 6230--A

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             March 18, 2015
                               ___________

Introduced by M. of A. DiPIETRO -- read once and referred to the Commit-
  tee  on  Governmental  Employees  --  recommitted  to the Committee on
  Governmental Employees in accordance with Assembly Rule 3, sec.  2  --
  committee  discharged,  bill amended, ordered reprinted as amended and
  recommitted to said committee

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 would 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.
                                                           LBD01297-04-6

              

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