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Who cares
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History
- Referred to rules
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act relating to granting Tier I status to Cynthia Falletta in the Teachers' Retirement System of the City of New York with a membership date of June 1, 1972
Summary of provisions
Section one of the bill authorizes the City of New York to allow Cynthia Falletta to file an application with the Board of Trustees of the Teachers' Retirement System of the City of New York to be reclassified as a Tier 1 member.
Section two of the bill includes the effective date and the fiscal note.
Justification
Ms. Falletta was employed by the City University of New York from June 1, 1972 until April 8, 1976 and from June 22, 1976 to October 28, 1976 and was a member of the Board of Education Retirement System from December 12, 1990 until February 28, 1994 at which point she became a member of the Teachers' Retirement System of the City of New York, and for reasons not ascribable to her own negligence was retroactively enrolled as a Tier IV member.
Legislative history
None, new bill.
Fiscal implications
The annual retirement benefit paid to Ms. Falletta is expected to be $64,822, retroactive to October 18, 2012, the date of Ms. Falletta's retirement.
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.