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S5343Senate2015-2016 SessionSame asA7710

Authorizes Jodi Manne to receive a refund from the New York state teachers' retirement system

Sponsor David CarlucciSD-38Affects 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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Who cares

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Sponsors

Primary sponsor
David Carlucci

Senator · Senate District 38

Chair, Social Services

No co-sponsors yet.

History

  1. Referred to civil service and pensions
  2. Returned to senate
  3. Died in assembly
  4. Referred to governmental employees
  5. Delivered to assembly
  6. Passed senateVote 63–0
  7. Advanced to third reading
  8. 2nd report cal.
  9. 1st report cal.1100
  10. 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.

A7710Assembly

Authorizes Jodi Manne to receive a refund from the New York state teachers' retirement system

In Assembly Committee · Governmental Employees · Sponsor Kenneth Zebrowski

Full text

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

Sponsor's memo

BILL NUMBER:S5343

Title of bill

An act to authorize Jodi Manne to receive a refund from the New York state teachers' retirement system

Purpose

To allow Jodi Manne to receive a refund of excess contributions made to the New York State Teacher's Retirement System from July 1, 2008 to June 30, 2008

Summary of provisions

Section 1 notwithstands the provisions of subdivision b of section 902 of the retirement and social security law and states that Jodi Manne formerly a member of the New York City Teachers' Retirement System with 11 years and 3 moths service credit, who then paid contributions as an employee of Greenburgh Central Schools from July 1, 2008 through June 30, 2013 to the new York State Teachers Retirement System shall be enti- tled to a refund of the accumulated 3 percent contributions paid to said retirement system.

Section 2 states that all costs associated with the implementation of this act shall be borne by the employers of the members of the New York State Teachers' Retirement System.

Section 3 is the effective date.

The fiscal note states that the benefit is equal to the refund of the accumulated member contributions paid by Ms Manne to the New York State Teachers' Retirement System which is estimated to be $16,000.

Justification

Jodi Manne is a Tier IV member of New York State Teachers Retirement System ("NYSTRS") and formerly a member of the New York City Teachers' Retirement System with 11 years and 3 moths service credit, who then paid contributions as an employee of Greenburgh Central Schools from July 1, 2008 through June 30, 2013 to NYSTRS.

Under State law, NYSTRS Tier 4 members are required to pay 3% of their salary until they have been a member for 10 years or accrue 10 years of service credit. Ms. Manne, had accrued and paid 3% of her salary for a total of 16 years which entitles her to a refund for the overpayment to NYSTRS.

Legislative history

New Bill.

Fiscal implications

The cost to the employers of members of the New York State Teachers' Retirement System for this benefit is estimated to $16,000

Effective date

Immediately.

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