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S4639Senate2011-2012 SessionSame asA6749

Provides Mario C. Donofrio the opportunity to purchase retirement credit for time in U.S. military service during the Korean conflict

Sponsor Jack M. MartinsSD-7Affects Finance
Status
In Senate Committee
Civil Service And Pensions
Impact
Pending
Passage
Pending

Bill progress

Step 2 of 7

In committee · Civil Service And Pensions

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Sponsors

Primary sponsor
Jack M. Martins

Senator · Senate District 7

Chair, Local Government

No co-sponsors yet.

History

  1. Referred to civil service and pensions
  2. Referred to civil service and pensions

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.

A6749Assembly

Provides Mario C. Donofrio the opportunity to purchase retirement credit for time in U.S. military service during the Korean conflict

In Assembly Committee · Governmental Employees · Sponsor Edward Ra

Full text

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

Sponsor's memo

BILL NUMBER:S4639 REVISED 05/03/11

Title of bill

An act in relation to providing retirement credit to Mario C. Donofrio for military service during the Korean conflict

Purpose

To allow Mario Donofrio the opportunity to purchase retirement credit for time in U.S. military service during the Korean conflict

Summary of specific provisions

Section one of the bill entitles Mario Donofrio to receive credit for his time of Korean conflict service 1, on or before December 31, 2011 he: (1) shall file a request to such effect with the head of the New York state and local employees' retirement system; and (2) shall pay to New York state and local employees' retirement system an amount equal to the product of the number of years of military service being claimed and three percent of his annual rate of compensation immediately preceding his retirement.

Section two of the bill is the effective date.

Justification

Mario Donofiro proudly served his country during the Korean conflict. He retired six months prior to the, passage of a bill That would allow for veterans of the Korean conflict to receive pension Credit for their time served. This legislation would resolve this unfair situation and allow Mario Donofrio to legally purchase retirement credit for his service to his country.

Legislative history

S.4813 (2009) A.7433 (2009)

Fiscal implications

Pursuant to Legislative Law, Section 50: This Bill would grant additional service credit to Mario C. Donofrio, a retired member of the New York State and Local Employees' Retirement System, for service rendered in the Korean Conflict.

If this Bill in enacted, there will be an immediate past service cost of approximately $24,200. Of this amount, Mr. Donofrio will be required to pay $5,400 and the remaining $18,800 will be shared by the State of New York and all the participating employers in the New York State and Local Employees' Retirement System.

This estimate, dated March 16, 2011 and intended for use only during the 2011 Legislative Session, is the Fiscal Note No. 2011-136, prepared by the Actuary for the New York State and Local Employees' Retirement System.

This Estimate, dated March 16, 2011 and intended for use only during the 2011 Legislative Session, is Fiscal Note No. 2011-136, prepared by the Actuary for the New York State and Local Employees' Retirement System.

Effective date

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.