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A8719Assembly2009-2010 Session

Authorizes Antonia Keesler to change her retirement option

Sponsor Aileen GuntherAD-98Affects Finance
Status
In Assembly Committee
Governmental Employees
Impact
Pending
Passage
Pending

Bill progress

Step 2 of 7

In committee · Governmental Employees

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Who cares

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Sponsors

Primary sponsor
Aileen Gunther

Assembly Member · Assembly District 98

No co-sponsors yet.

History

  1. Held for consideration in governmental employees
  2. Print number 8719a
  3. Amend and recommit to governmental employees
  4. Referred to governmental employees
  5. Referred to governmental employees

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:A8719A

Title of bill

An act authorizing Antonia Keesler to change her retire- ment option

Purpose or general idea of bill

To authorize Antonia Keesler to change her retirement option.

Summary of specific provisions

Antonia Keesler, was employed by the Sullivan county BOCES and retired from the New York State Teachers' Retirement System effective April 23, 2008. For reasons not ascribable to her own negligence, she failed to change her retirement option selection prior to the expiration of thirty days following the date of payability of her retirement allowance, shall be deemed to have retired pursuant to the terms of the Maximum Option.

Effects of present law which this bill would alter

Ms. Keesler pres- ently does not have the opportunity to change her retirement benefit under current law.

Justification

Antonia Keesler was at the time of her retirement and is still currently undergoing treatment for colon cancer. At the time of her retirement, Ms. Keesler was given the impression by the NYS Teach- ers' Retirement System that she would be receiving about 2/3 of her salary by selecting the Largest Lump Sum Option. She subsequently learned of the error but was three days late in requesting a change to the Maximum Option.

Legislative history

New Bill.

Fiscal implications

$14,000 payable by the State Teachers Retirement System, its employers and members.

Effective date

Immediately.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.