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A06528 Summary:

BILL NO    A06528 

SAME AS    No same as 

SPONSOR    DiPietro

COSPNSR    

MLTSPNSR   



Grants retroactive membership with Tier 1 status in the New York teachers'
retirement system to James J. DeMarco.
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A06528 Memo:

BILL NUMBER:A6528

TITLE  OF  BILL:    An act granting retroactive membership with tier I
status in the New York teachers' retirement system to James J. DeMarco

PURPOSE OR GENERAL IDEA OF BILL:

This bill gives Tier 2 status to James  J.  DeMarco,  who  through  no
fault  of  his  own  did not become a member of the New York State and
local employees' retirement system on July 17th 1969,  when  he  began
employment.

SUMMARY OF SPECIFIC PROVISIONS:

Section  1  deems  James J. DeMarco a member of the New York State and
Local Employees' Retirement System as of July 17, 1969.

JUSTIFICATION:

James J. DeMarco, who began seasonal employment at the New York  Power
Authority  in  1969, is currently classified as a Tier 2 member of the
New York State and local employees' retirement system as a  result  of
not becoming a member when he was first employed.

PRIOR LEGISLATIVE HISTORY:

A9095A: 2009-2010 Legislative Session- died in Governmental Employees

FISCAL IMPLICATIONS:

The cost of this benefit is estimated to be $395,000.

EFFECTIVE DATE:

Immediately
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