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Who cares
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Sponsors
2 Co-sponsors
History
- Substituted by S5748A
- Rules report cal.475
- Reported
- Reported referred to rules
- Reported referred to ways and means
- Print number 8664a
- Amend and recommit to governmental employees
- Committed to governmental employees
- Ordered to third reading cal.617
- Returned to assembly
- Died in senate
- Referred to rules
Show 8 earlier actions
- Delivered to senate
- Passed assembly
- Ordered to third reading rules cal.515
- Rules report cal.515
- Reported
- Reported referred to rules
- Reported referred to ways and means
- Referred to governmental employees
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Modifies the methods used for calculating final average salary for certain members of the New York city teachers' retirement system
Signed by Governor · Sponsor Diane J. Savino
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:A8664A
Title of bill
An act to amend the retirement and social security law, in relation to the definition of the term final average salary as applied to members of the New York city teachers' retirement system
Summary of provisions
This legislation amends sections 443,512 and 608 of the retirement and social security law, to provide include members of the New York City Teachers' Retirement System within existing provisions governing the calculation of final average salary.
Justification
This legislation is designed and intended to correct a technical omission affecting the calculation of final average salary for certain members in the New York City Teachers' Retirement System.
Specifically, this legislation would provide statutory clarification that final average salary would constitute the three highest consecutive years of a member's compensation, as opposed to a member's total compen- sation in the three consecutive years prior to retirement. This defini- tional differentiation is critical to a member who takes a leave of absence of less than or equal to 12 months at no or partial pay in the three-year period predating such member's retirement.
This legislation clarifies current statute in order to provide affected members with the same benefits currently afforded under administrative rule and practice,
Fiscal implications
See Fiscal Note.
Effective dane
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.