NY State Senate Bill 2025-S7339

Senate Bill S7339

2025-2026 Legislative Session

Authorizes Carl Spatola to receive a refund from the New York state teachers' retirement system

download bill text pdf

Current Bill Status - In Senate Committee Civil Service And Pensions 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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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Apr 10, 2025	referred to civil service and pensions

2025-S7339 (ACTIVE) - Details

See Assembly Version of this Bill:: A7083
Current Committee:: Senate Civil Service And Pensions
Law Section:: Retirement
Versions Introduced in Other Legislative Sessions:: 2017-2018: S5094
2019-2020: S3400
2021-2022: S7223, A8198
2023-2024: S5318, A5111

2025-S7339 (ACTIVE) - Summary

Authorizes Carl Spatola to receive a refund from the New York state teachers' retirement system due to overpayment.

2025-S7339 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S7339

SPONSOR: WEIK
 
TITLE OF BILL:

An act authorizing Carl Spatola to receive a refund from the New York
state teachers' retirement system

 
PURPOSE:

To reimburse Carl Spatola for overpayment into NYSTRS

 
SUMMARY OF PROVISIONS:

Section 1. Entitles Carl Spatola a refund of the accumulated 3% contrib-
utions paid to the New York state teachers' retirement system for the
period in which the transfer from the New York City teachers' retirement
system to the New York state teachers' retirement system was not initi-
ated and cessation date was not established.

Section 2. Directs all costs associated with the implementation of this
act to be borne by the New York state teachers' retirement system.

Section 3. Establishes Effective Date

 
JUSTIFICATION:

Carl Spatola, a Tier 4 member of the New York state teachers' retirement
system was formerly a member of the New York City teachers' retirement
system with 12 years 1 month of service credit.  He paid contributions
as an employee of the Amityville school district during the period Octo-
ber 1, 2000 through June 30, 2004 and initiated a transfer from the New
York city TRS to the New York state TRS during the school year ending
June 30, 2005.

This bill would allow Carl Spatola to receive a refund of his accumu-
lated 3% contributions paid to New York state TRS for the period in
which the transfer from the New York City TRS to the New York State TRS
was not initiated and the cessation date was not established. The cost
of this benefit is estimated to be $23,000.

 
LEGISLATIVE HISTORY:

2023 S5318A Civil Service and Pensions

2022 S7223A Civil Service and Pensions

 
FISCAL IMPLICATIONS:

See Fiscal Note

 
EFFECTIVE DATE:
This act shall take effect immediately.

2025-S7339 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7339
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                              April 10, 2025
                                ___________
 
 Introduced  by  Sen.  WEIK  --  read twice and ordered printed, and when
   printed to be committed to the Committee on Civil Service and Pensions
 
 AN ACT authorizing Carl Spatola to receive a refund from  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 the provisions of subdivision b of  section
 902  of  the  retirement  and social security law, Carl Spatola a Tier 4
 member of the New York state teachers' retirement system who was former-
 ly a member of the New York city teachers'  retirement  system  with  12
 years  1  month  of  service  credit  who  then paid contributions as an
 employee of the Amityville school district during the period October  1,
 2000  through  June  30, 2004 and initiated a transfer from the New York
 city teachers' retirement system to the New York state teachers' retire-
 ment system during the school year ending June 30, 2005, shall be  enti-
 tled  to a refund of the accumulated three 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 Carl Spatola, 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
 a transfer from NYCTRS to NYSTRS during the school year ending June  30,
 2005,  to  receive  a refund of his accumulated 3% contributions paid to
 NYSTRS for the period in which the transfer was not  initiated  and  the
 cessation  date  was  not  established.  Mr. Spatola must file a written
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04561-02-5

 S. 7339                             2
 
 request with the head of the New York State Teachers' Retirement  System
 within one year of the effective date of this bill.
   This bill would generate a cost equal to the refund of the accumulated
 member  contributions  paid by Mr. Spatola to NYSTRS during this period,
 which is estimated to be $26,600. This  cost  is  to  be  borne  by  the
 employers of members of NYSTRS.
   Member data is from the System's most recent actuarial valuation files
 as of June 30, 2024, consisting of data provided by the employers to the
 Retirement System. The most recent data distributions and statistics can
 be  found  in  the System's Annual Report for fiscal year ended June 30,
 2024. System assets are as reported in the System's financial statements
 and can also be found in the System's Annual Report.  Actuarial  assump-
 tions  and  methods will be provided in the System's Actuarial Valuation
 Report as of June 30, 2024.
   The source of this estimate is Fiscal Note  2025-11  dated  March  17,
 2025  prepared by the Office of the Actuary of the New York State Teach-
 ers' Retirement System and is intended for  use  only  during  the  2025
 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.

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