What's happening
This bill allows Alan Gregory to include part-time fire instructor wages in his final average salary for teachers' retirement benefits.
Why it matters
Sets a precedent for individual exceptions. Allowing Alan Gregory to retroactively count part-time fire instructor wages toward his teacher retirement benefits could open the door for other retirees in similar situations to seek special legislative relief, potentially impacting how exceptions to retirement rules are handled in the future.
Cost is distributed across all employers in the retirement system. The bill specifies that the approximately $86,000 cost for this benefit will not be paid by Mr. Gregory or his former employers, but rather spread among all employers participating in the New York State Teachers' Retirement System, possibly affecting their future contributions.
Acknowledges administrative or system errors. The legislation acknowledges that Mr. Gregory’s failure to enroll in the appropriate retirement system was not due to his own negligence, highlighting the importance of administrative oversight and the potential need for system reforms to prevent similar cases.
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Who cares
Headline styles
Let Alan Gregory Buy Credit
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Print number 6441a
- Amend and recommit to civil service and pensions
- Referred to civil service and pensions
- 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.
Let Alan Gregory Claim Credit
In Assembly Committee · Governmental Employees · Sponsor Philip Palmesano
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
6441--A
2017-2018 Regular Sessions
IN SENATE
May 19, 2017
Introduced by Sen. O'MARA -- read twice and ordered printed, and when printed to be committed to the Committee on Civil Service and Pensions -- recommitted to the Committee on Civil Service and Pensions in accordance with Senate Rule 6, sec. 8 -- 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:
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09966-05-8
S. 6441--A 2
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
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.
Sponsor's memo
Title of bill
An act to authorize Alan Gregory to apply for past service credit in the New York state teachers' retirement system
Purpose or general idea of bill
The bill would allow Alan Gregory, a retired Tier 3 member of the New York State Teacher's Retirement System, to include his wages earned from his part-time employment with the New York State Office of Fire Prevention and Control in his final average salary calculation.
Justification
Alan Gregory who commenced employment with the New York State office of fire prevention and control as a part-time New York state fire instruc- tor, for reasons not ascribable to his own negligence, did not become a member of the New York state and local employee's retirement system for such employment.
This legislation would authorize Alan Gregory to include his wages earned with the New York state Office of Fire Prevention and Control in his final average salary calculation.
Prior legislative history
This is a new bill.
Fiscal implications
See fiscal note.
Effective date
This bill would take effect immediately and apply to payments made on or after the effective date of this act.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.