S T A T E O F N E W Y O R K
________________________________________________________________________
S. 4602 A. 7115
2011-2012 Regular Sessions
S E N A T E - A S S E M B L Y
April 13, 2011
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IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
ed, and when printed to be committed to the Committee on Civil Service
and Pensions
IN ASSEMBLY -- Introduced by M. of A. LOSQUADRO -- read once and
referred to the Committee on Governmental Employees
AN ACT in relation to granting Louis P. Mannino certain credit 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 other provision of law, Louis P. Manni-
no, who was employed by Eastern Suffolk BOCES for almost 30 years, and
who is a retired member of the New York state teachers' retirement
system, and who left employment with Eastern Suffolk BOCES on October 4,
2006 and accepted termination pay for the period beginning October 4,
2006 and ending June 30, 2007, and who, for reasons not ascribable to
his own negligence, was not credited with service for such period, shall
not be subject to the early retirement reduction imposed by statute and
shall be entitled to every right, benefit and privilege which would have
been available to him upon attaining thirty years of service, if, on or
before December 31, 2011, he shall file a written request with the head
of the New York state teachers' retirement system to that effect.
S 2. All costs associated with the implementation of this act shall be
borne by Eastern Suffolk BOCES.
S 3. This act shall take effect immediately.
FISCAL NOTE.--Pursuant to Legislative Section 50:
This bill would allow Louis P. Mannino, a retired member of the New
York State Teachers' Retirement System with Tier 3 status, who was
employed by Eastern Suffolk BOCES for almost 30 years, and who retired
prior to age 62, to have his pension recalculated without regard to the
early retirement reduction required by statute. Mr. Mannino's pension
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06706-02-1
S. 4602 2 A. 7115
would be recalculated with retroactive adjustment to payments made since
his date of retirement of July 1, 2007. Mr. Mannino must file a written
request with the head of the New York State Teachers' Retirement System
on or before December 31, 2011.
The cost of this benefit is equal to the increase in the present value
of liabilities, which is estimated to be $69,000. The cost will be borne
by Eastern Suffolk BOCES.
The source of this estimate is Fiscal Note 2011-26 dated March 17,
2011 prepared by the Actuary of the New York State Teachers' Retirement
System and is intended for use only during the 2011 Legislative Session.