Assembly Bill A7792

2011-2012 Legislative Session

Grants Marie Watkins Morey Tier I status in the New York state teachers' retirement system

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Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2011-A7792 (ACTIVE) - Details

See Senate Version of this Bill:
S5639
Current Committee:
Assembly Governmental Employees
Law Section:
Retirement

2011-A7792 (ACTIVE) - Summary

Grants Marie Watkins Morey Tier I status in the New York state teachers' retirement system.

2011-A7792 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7792

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                              May 17, 2011
                               ___________

Introduced  by M. of A. RABBITT -- read once and referred to the Commit-
  tee on Governmental Employees

AN ACT in relation to granting Marie Watkins Morey Tier I status in  the
  New York state teachers' retirement system

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Notwithstanding any inconsistent provisions of  law,  Marie
Watkins Morey, who was employed by Middletown state hospital from May of
1972  to August of 1972, and for no reasons ascribable to her own negli-
gence did not become a member of the New York state and local employees'
retirement system at the time of her hiring and who is currently a  Tier
3  member  of  the  New York state teachers' retirement system, shall be
deemed to have been a member of the New York state teachers'  retirement
system  on  such  date  she  commenced  employment with Middletown state
hospital and shall be granted Tier 1 status with  every  right,  benefit
and privilege which would have been available to her on such date.
  S 2. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
  This  bill  would  allow Marie Watkins Morey, a member of the New York
State Teachers' Retirement System with Tier 3 status, to be reclassified
as a Tier 1 member with all rights, benefits, and privileges which would
be available to her as a Tier 1 member. Her date of membership would  be
changed  based  upon  her employment with Middletown State Hospital from
May 1972 to August 1972.
  The cost of this benefit is equal to the increase in the present value
of liabilities, which is estimated to be $72,000.
  The source of this estimate is Fiscal Note 2011-49 dated May 13,  2011
prepared  by  the  Actuary  of  the  New York State Teachers' Retirement
System and is intended for use only during the 2011 Legislative Session.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10210-06-1

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