What's happening
This bill allows Jodi Manne to recover pension contributions from the state teachers’ retirement system.
Why it matters
Individual exception. The bill overrides an existing retirement-law provision for Manne, who paid contributions while employed by Greenburgh Central School District from 2008 through 2013.
Refund and deadline. She would receive her accumulated 3% contributions, including interest, if she applies within one year of the bill’s effective date.
Employer costs. The fiscal note estimates the refund at $21,000. Employers of state teachers’ retirement system members would bear the costs.
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Who cares
Jodi Manne
The bill would let her recover contributions paid before her pension transfer was initiated and her contribution cessation date was established.
New York State Teachers’ Retirement System
The system would handle the application and refund authorized by this individual exception.
Employers of system members
They would bear all costs of implementing the bill.
Headline styles
Refund Jodi Manne’s Pension Contributions
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to governmental employees
- Delivered to assembly
- Passed senateVote 63–0
- Ordered to third reading cal.1645
- Committee discharged and committed to rules
- Print number 6224a
- Amend and recommit to civil service and pensions
- Referred to civil service and pensions
- Returned to senate
- Died in assembly
- Referred to governmental employees
- Delivered to assembly
Show 4 earlier actions
- Passed senateVote 63–0
- Ordered to third reading cal.1496
- Committee discharged and committed to rules
- Referred to civil service and pensions
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
6224--A
2021-2022 Regular Sessions
IN SENATE
April 15, 2021
Introduced by Sen. REICHLIN-MELNICK -- 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 Jodi Manne to receive a refund from 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 the provisions of subdivision b of section 902 of the retirement and social security law, Jodi Manne a Tier 4 member of the New York state teachers' retirement system who was formerly a member of the New York city teachers' retirement system, with 11 years, 3 months of service credit, who then paid contributions as an employee of the Greenburgh central school district from July 1, 2008 through June 30, 2013 to the New York state teachers' retirement system and on November 15, 2013 initiated a transfer from the New York city teachers' retirement system to the New York state teachers' retirement system, shall be entitled to a refund of the accumulated 3 percent contributions paid to said retirement system for the period in which the transfer was not initiated and cessation date was not established, if an application is filed within one year of the effective date of this act.
§ 2. 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.
§ 3. This act shall take effect immediately.
FISCAL NOTE.-- Pursuant to Legislative Law, Section 50:
This bill would allow Jodi Manne, a Tier 4 member of the New York
State Teachers' Retirement System (NYSTRS), who was formerly a member of
the New York City Teachers' Retirement System (NYCTRS) and who initiated
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD08372-03-2
a transfer from NYCTRS to NYSTRS on November 15, 2013 to receive a
refund of her 3% contributions paid to NYSTRS, accumulated with inter-
est, for the period in which the transfer was not initiated and the
cessation date was not established. Ms. Manne must file a written
request with the head of the New York State Teachers' Retirement System
within one year of the effective date of this bill.
The cost of this benefit is equal to the refund of the accumulated
member contributions paid by Ms. Manne to NYSTRS, which is estimated to
be $21,000. This cost is to be borne by the employers of members of the
NYSTRS.
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
Annual Report. System assets are as reported in the System's financial
statements and can also be found in the System's Annual Report. Actuari-
al assumptions and methods are provided in the System's Actuarial Valu-
ation Report and the 2021 Actuarial Assumptions Report.
The source of this estimate is Fiscal Note 2022-24 dated April 13,
2022 prepared by the Office of the Actuary of the New York State Teach-
ers' Retirement System and is intended for use only during the 2022
Legislative Session. I, Richard A. Young, am the Chief Actuary for the
New York State Teachers' Retirement System. I am a member of the Ameri-
can Academy of Actuaries and I meet the Qualification Standards of the
American Academy of Actuaries 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 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 Teachers' Retirement System from July 1, 2009 to June 30, 2012.
Summary of provisions
Section 1 notwithstanding 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 months service credit, who then paid contributions as an employee of Greenburgh Central Schools from July 1, 2006 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.
Justification
Jodi Manne is a Tier IV member of New York State Teachers Retirement System (NYSTRS') and formally a member of the New York City Teachers' Retirement System with 11 years and 3 months 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 herto a refund for the overpayment to NYSTRS.
Legislative history
2019-20: S.8588 - Passed Senate / Referred to Governmental Employees
2015-16: S.5343 - Passed Senate / Referred to Civil Service and Pensions
Fiscal implications
See fiscal note.
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.