Bill Text: NY A07792 | 2011-2012 | General Assembly | Introduced
Bill Title: Grants Marie Watkins Morey Tier I status in the New York state teachers' retirement system.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2012-05-15 - held for consideration in governmental employees [A07792 Detail]
Download: New_York-2011-A07792-Introduced.html
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:
1 Section 1. Notwithstanding any inconsistent provisions of law, Marie
2 Watkins Morey, who was employed by Middletown state hospital from May of
3 1972 to August of 1972, and for no reasons ascribable to her own negli-
4 gence did not become a member of the New York state and local employees'
5 retirement system at the time of her hiring and who is currently a Tier
6 3 member of the New York state teachers' retirement system, shall be
7 deemed to have been a member of the New York state teachers' retirement
8 system on such date she commenced employment with Middletown state
9 hospital and shall be granted Tier 1 status with every right, benefit
10 and privilege which would have been available to her on such date.
11 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
