What's happening
This bill allows Alan Gregory to apply for past service credit to increase his retirement benefits in the NYS Teachers' Retirement System.
Why it matters
Sets a precedent for individualized pension adjustments. granting Alan Gregory special permission to count uncredited part-time state employment toward his teachers’ retirement could open the door to similar requests from other retirees who feel they missed out due to circumstances beyond their control.
Imposes costs on all member employers of the retirement system. the estimated $86,000 increase in pension liability will be distributed across all employers participating in the New York State Teachers' Retirement System, potentially impacting school district budgets statewide.
Addresses issues of administrative error or oversight. by allowing retroactive service credit when the omission was not due to Gregory’s negligence, the bill highlights how bureaucratic or systemic errors can affect individuals’ retirement security and may encourage more rigorous administrative practices.
Requires prompt action by the individual. Gregory must file a written request by a set deadline after the law takes effect, emphasizing the importance of individual initiative and timely claim submission in accessing retroactive benefits.
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Who cares
Headline styles
Let Alan Gregory Claim Credit
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Held for consideration in governmental employees
- Print number 8044a
- Amend and recommit to governmental employees
- Referred to governmental employees
- Referred to governmental employees
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.
Let Alan Gregory Buy Credit
In Senate Committee · Civil Service And Pensions · Sponsor Thomas F. O'Mara
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
8044--A
2017-2018 Regular Sessions
IN ASSEMBLY
May 25, 2017
Introduced by M. of A. PALMESANO -- read once and referred to the Committee on Governmental Employees -- recommitted to the Committee on Governmental Employees in accordance with Assembly Rule 3, sec. 2 -committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee
AN ACT to authorize Alan Gregory to apply for past service credit in the New York state teachers' retirement system
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Notwithstanding any other provision of law, Alan Gregory, who retired on January 22, 2014 from employment by the Watkins Glen school district and receives benefits from the New York state teachers' retirement system, and who commenced employment with the New York state office of fire prevention and control as a part-time New York state fire instructor on June 27, 2000, a participating employer in the New York state and local employees' retirement system, and who, for reasons not ascribable to his own negligence, did not become a member of the New York state and local employees' retirement system for such employment, shall be allowed to include his wages earned with the New York state office of fire prevention and control in his final average salary calculation if, on or before the thirty-first of December next succeeding the effective date of this act, he shall file a written request therefor with the head of the New York state teachers' retirement system.
§ 2. Any past service costs incurred in implementing the provisions of this act, shall be borne by the employers of members of the New York state teachers' retirement system.
§ 3. This act shall take effect immediately and shall apply to payments made on or after the effective date of this act.
FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
This bill would allow Alan Gregory, a retired Tier 3 member of the New
York State Teachers' Retirement System, to include his wages earned from
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09966-04-8
A. 8044--A 2
his part-time employment with the New York State Office of Fire
Prevention and Control in his final average salary calculation. This
bill would only apply to payments due to Mr. Gregory on or after the
effective date of this act. Mr. Gregory must file a written request with
the head of the New York State Teachers' Retirement System on or before
the thirty-first of December next succeeding the effective date of this
act.
The cost of this benefit is equal to the increase in the present value
of liabilities, which is estimated to be $86,000. This cost is to be
borne by the employers of members of the New York State Teachers'
Retirement System.
Member data is from the System's most recent actuarial valuation
files, consisting of data provided by the employers to the Retirement
System. Data distributions and statistics can be found in the system's
Comprehensive Annual Financial Report (CAFR). System assets are as
reported in the System's financial statements, and can also be found in
the CAFR. Actuarial assumptions and methods are provided in the System's
Actuarial Valuation Report.
The source of this estimate is Fiscal Note 2018-21 dated May 3, 2018
prepared by the Actuary of the New York State Teachers' Retirement
System and is intended for use only during the 2018 Legislative Session.
I, Richard A. Young, am the Actuary for the New York State Teachers'
Retirement System. I am a member of the American Academy of Actuaries
and I meet the Qualification Standards of the American Academy of Actu-
aries to render the actuarial opinion contained herein.
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.