Senate Bill S8855

2023-2024 Legislative Session

Relates to the transfer of board of education employees to the teachers' retirement system of the city of New York

download bill text pdf

Sponsored By

Current Bill Status - Passed Senate & Assembly


  • 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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2023-S8855 (ACTIVE) - Details

See Assembly Version of this Bill:
A9646
Law Section:
New York City Administrative Code
Laws Affected:
Amd §13-501, NYC Ad Cd; add §2575-f, Ed L

2023-S8855 (ACTIVE) - Summary

Provides for the transfer of New York City board of education employees to the teachers' retirement system of the city of New York.

2023-S8855 (ACTIVE) - Sponsor Memo

2023-S8855 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8855
 
                             I N  S E N A T E
 
                              March 21, 2024
                                ___________
 
 Introduced  by  Sen. JACKSON -- read twice and ordered printed, and when
   printed to be committed to the Committee on Civil Service and Pensions
 
 AN ACT to amend the administrative code of the city of New York and  the
   education  law,  in  relation  to  the  transfer of board of education
   employees to the teachers' retirement system of the city of New York

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Subdivision 7 of section 13-501 of the administrative code
 of the city of New York is amended by adding a new paragraph (c) to read
 as follows:
   (C) "TEACHER" SHALL ALSO MEAN ALL THOSE SERVING AS BOARD OF  EDUCATION
 EMPLOYEES  IN  A  TITLE REPRESENTED BY THE UNITED FEDERATION OF TEACHERS
 WHO FILE AN APPLICATION FOR MEMBERSHIP IN THE RETIREMENT ASSOCIATION  ON
 A FORM SUPPLIED BY THE RETIREMENT BOARD.
   §  2.  The  education law is amended by adding a new section 2575-f to
 read as follows:
   § 2575-F. TRANSFER OF EMPLOYEES REPRESENTED BY THE  UNITED  FEDERATION
 OF  TEACHERS  TO  THE  NEW  YORK  CITY  TEACHERS' RETIREMENT SYSTEM. ANY
 EMPLOYEE REPRESENTED BY THE UNITED  FEDERATION  OF  TEACHERS  WHO  IS  A
 MEMBER  OF  THE NEW YORK CITY BOARD OF EDUCATION RETIREMENT SYSTEM SHALL
 HAVE THE RIGHT TO TRANSFER THEIR MEMBERSHIP TO THE TEACHERS'  RETIREMENT
 SYSTEM OF THE CITY OF NEW YORK. TO AFFECT SUCH A TRANSFER, A MEMBER MUST
 GIVE  NOTICE  TO THE NEW YORK CITY BOARD OF EDUCATION RETIREMENT SYSTEM,
 WITHIN ONE YEAR OF SUCH MEMBER BECOMING ELIGIBLE FOR MEMBERSHIP  IN  THE
 SAID TEACHERS' RETIREMENT SYSTEM, OF SUCH MEMBER'S INTENTION TO TRANSFER
 TO THE SAID TEACHERS' RETIREMENT SYSTEM. MEMBERSHIP IN THE UNITED FEDER-
 ATION OF TEACHERS IS NOT REQUIRED TO BE COVERED UNDER THIS SECTION. UPON
 RECEIPT  OF  SUCH  NOTICE,  THE  NEW YORK CITY BOARD OF EDUCATION SYSTEM
 SHALL TRANSFER TO SUCH TEACHERS' RETIREMENT SYSTEM THE RESERVE  ON  SUCH
 MEMBERS'  BENEFITS  IN  THE  MANNER  PROVIDED BY SUBDIVISIONS C AND D OF
 SECTION FORTY-THREE OF  THE  RETIREMENT  AND  SOCIAL  SECURITY  LAW  AND
 NOTWITHSTANDING  SUBDIVISION  L OF SUCH SECTION. THE FORMER SYSTEM SHALL
 ALSO TRANSFER TO THE LATTER SYSTEM  THE  MEMBER'S  CONTRIBUTIONS,  WHICH
 SHALL  BECOME SUCH MEMBER'S CONTRIBUTIONS IN THE LATTER SYSTEM. A PERSON
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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