What's happening
This bill requires both teachers and public employees, and their employers, to sign and file a written acknowledgment when terminating membership in New York State retirement systems.
Why it matters
Ensures informed decision-making. By requiring both the employee and employer to sign a written acknowledgment, the bill makes sure that members are fully aware of the consequences of leaving the retirement system, helping to prevent accidental or uninformed terminations.
Protects retirement benefits. The formal process may reduce the risk of employees unintentionally forfeiting valuable retirement benefits, since both parties must confirm their understanding and intent before termination is finalized.
Strengthens employer accountability. Mandating that employers file the signed acknowledgment within 30 days creates a clear administrative responsibility, reducing the likelihood of processing errors or delays that could adversely affect employees’ retirement status.
Standardizes exit procedures across systems. By applying similar requirements to teachers and other public employees in different state retirement systems, the bill creates consistency and clarity in how membership terminations are handled, benefiting both employees and administrators.
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Require Written Retirement Exit
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to governmental employees
- Referred to governmental employees
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
1934
2017-2018 Regular Sessions
IN ASSEMBLY
January 17, 2017
Introduced by M. of A. BRONSON -- read once and referred to the Committee on Governmental Employees
AN ACT to amend the education law and the retirement and social security law, in relation to termination of membership in a New York state retirement system
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The education law is amended by adding a new section 540 to read as follows:
§ 540. Written acknowledgement of membership termination. A teacher intending to terminate his or her membership in the retirement system defined in subdivision one of section five hundred one of this article and the teacher's employer must both execute a written statement provided by the retirement board that the teacher and the employer acknowledge and understand that the teacher, on a specific date, will no longer be a member of such retirement system. The employer must, within thirty days after signature by both parties, file such written statement with the retirement board in order to effectuate such termination of membership.
§ 2. The retirement and social security law is amended by adding a new section 113-b to read as follows:
§ 113-b. Written acknowledgement of membership termination. A member intending to terminate his or her membership in the retirement system defined in subdivision twenty-eight of section two of this article and the member's employer must both execute a written statement provided by the office of the comptroller that the member and the employer acknowledge and understand that the member, on a specific date, will no longer be a member of such retirement system. The employer must, within thirty days after signature by both parties, file such written statement with the office of the comptroller in order to effectuate such termination of membership.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07823-01-7
A. 1934 2
§ 3. The retirement and social security law is amended by adding a new section 411-a to read as follows:
§ 411-a. Written acknowledgement of membership termination. A member intending to terminate his or her membership in the retirement system defined in subdivision twenty-eight of section three hundred two of this article and the member's employer must both execute a written statement provided by the office of the comptroller that the member and the employer acknowledge and understand that the member, on a specific date, will no longer be a member of such retirement system. The employer must, within thirty days after signature by both parties, file such written statement with the office of the comptroller in order to effectuate such termination of membership.
§ 4. This act shall take effect on the sixtieth day after it shall have become a law; provided, however, that effective immediately, the addition, amendment and/or repeal of any rule or regulation necessary for the implementation of this act on its effective date are authorized and directed to be made and completed on or before such date.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.