New York State Assembly

 
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A07598 Summary:

A07598 Actions:

A07598 Committee Votes:

Committee:GOVERNMENTAL EMPLOYEES   Chair:Abbate      
DATE:04/24/2018AYE/NAY:14/0  Action: Favorable refer to committee Ways and Means        
Abbate
Aye
Malliotakis
Aye
Aubry
Aye
Johns
Aye
Colton
Aye
Palumbo
Aye
Cusick
Aye
Crouch
Aye
Zebrowski
Aye
DenDekker
Aye
Santabarbara
Aye
Brindisi
Aye
D'Urso
Aye
Pheffer Amato
Aye

Committee:WAYS AND MEANS   Chair:Weinstein      
DATE:06/05/2018AYE/NAY:29/2  Action: Favorable refer to committee Rules        
Weinstein
Aye
Oaks
Aye
Lentol
Aye
Crouch
Aye
Schimminger
Aye
Barclay
Aye
Gantt
Excused
Fitzpatrick
Nay
Glick
Aye
Hawley
Aye
Nolan
Excused
Malliotakis
Aye
Pretlow
Aye
Walter
Aye
Perry
Aye
Montesano
Nay
Colton
Aye
Curran
Aye
Cook
Aye
Ra
Aye
Cahill
Aye
Aubry
Aye
Hooper
Aye
Thiele
Aye
Cusick
Aye
Ortiz
Aye
Benedetto
Aye
Weprin
Aye
Rodriguez
Aye
Ramos
Excused
Braunstein
Aye
McDonald
Aye
Rozic
Aye
Peoples-Stokes
Excused
Simotas
Aye

Committee:RULES   Chair:Heastie      
DATE:06/06/2018AYE/NAY:28/0  Action: Favorable         
Heastie
Aye
Kolb
Aye
Gottfried
Aye
Oaks
Aye
Lentol
Aye
Butler
Aye
Gantt
Excused
Crouch
Aye
Nolan
Excused
Finch
Aye
Weinstein
Aye
Barclay
Aye
Hooper
Aye
Raia
Aye
Ortiz
Aye
Hawley
Aye
Pretlow
Aye
Cook
Aye
Glick
Aye
Morelle
Aye
Aubry
Aye
Englebright
Aye
Dinowitz
Aye
Colton
Aye
Magnarelli
Aye
Perry
Aye
Galef
Aye
Paulin
Aye
Titus
Excused
Peoples-Stokes
Aye
Benedetto
Aye

A07598 Floor Votes:

A07598 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         7598--A
 
                               2017-2018 Regular Sessions
 
                   IN ASSEMBLY
 
                                       May 3, 2017
                                       ___________
 
        Introduced by M. of A. ABBATE -- read once and referred to the Committee
          on  Governmental  Employees -- recommitted to the Committee on Govern-
          mental Employees in accordance with Assembly Rule 3, sec. 2 -- commit-
          tee discharged, bill amended, ordered reprinted as amended and  recom-
          mitted to said committee

        AN  ACT  in  relation  to credit for certain graduate assistant, teacher
          assistant or teaching assistant work for the purposes of 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 other provisions of law to the  contra-
     2  ry,  a  member  of  the  New  York state teachers' retirement system who
     3  joined such system on or prior to July 1, 1992, shall  be  eligible  for
     4  credit  for  service,  if  service was rendered as a graduate assistant,
     5  teacher assistant or teaching assistant during the period July  1,  1982
     6  to  September  30,  1991  for  a state-operated institution or community
     7  college under the jurisdiction of the board of  trustees  of  the  state
     8  university  which participates in such system. Payments for such service
     9  shall be made by members subject to article 14 or 15 of  the  retirement
    10  and  social  security law in accordance with section 609 of such law, in
    11  the case of such service rendered prior  to  such  member  joining  such
    12  system,  provided  the member must be credited with two years of service
    13  credit at the time credit for such service is granted. Payments for such
    14  service shall be made by members subject to article  14  or  15  of  the
    15  retirement  and  social  security  law in accordance with section 613 of
    16  such law, in the case of such service rendered after such member  joined
    17  such  system,  together  with  interest  at the rate of five percent per
    18  annum from the date such service was rendered to the date of payment.
    19    § 2. This act shall take effect immediately; provided,  however,  that
    20  if  this act shall become a law after June 30, 2018 it shall take effect
    21  immediately and be deemed to have been in full force and effect  on  and
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06475-06-8
        A. 7598--A                          2
 
     1  after  June  30,  2018.  Effective  immediately, the addition, amendment
     2  and/or repeal of any rules or regulations necessary for the  implementa-
     3  tion  of  this act on its effective date are authorized to be made on or
     4  before such date.
          FISCAL NOTE.-- Pursuant to Legislative Law, Section 50:
          This  bill  would allow active members of the New York State Teachers'
        Retirement System with a date of membership on or prior to July 1,  1992
        to  receive service credit for service rendered as a graduate assistant,
        teacher assistant or teaching assistant during the period July  1,  1982
        to  September  30,  1991  for  a state-operated institution or community
        college under the jurisdiction of the board of  trustees  of  the  state
        university  which  is  a  participating  employer  of the New York State
        Teachers' Retirement System. Payments for such credit must  be  made  by
        those  members  subject to Article 14 or 15 of the Retirement and Social
        Security Law in accordance with section 609 of such law in the case such
        service was rendered prior to such member joining  the  New  York  State
        Teachers'  Retirement  System  provided  the member is credited with two
        years of service credit at the time credit for such service is  granted.
        Payments  for such credit must be made by those members subject to Arti-
        cle 14 or 15 of the Retirement and Social  Security  Law  in  accordance
        with section 613 of such law in the case such service was rendered after
        such  member  joined  the  New  York  State  Teachers' Retirement System
        together with interest at the rate of five percent per  annum  from  the
        date such service was rendered to the date of payment.
          It is not possible to determine the total annual cost to the employers
        of  members  of the New York State Teachers' Retirement System since the
        total amount of service credit which would be claimed  under  this  bill
        cannot  be  estimated.  However, the cost to the employers of members of
        the New York State  Teachers'  Retirement  System  is  estimated  to  be
        $23,200  per  year of service credited for Tier 1, 2, 3, 4 and 5 members
        and $18,000 per year of service credited for Tier 6 members if this bill
        is enacted. These costs would be offset by member payments  as  required
        under this bill if enacted.
          Member  data  is  from  the  System's  most recent actuarial valuation
        files, consisting of data provided by the employers  to  the  Retirement
        System.  Data  distributions and statistics can be found in the System's
        Comprehensive Annual Financial  Report  (CAFR).  System  assets  are  as
        reported  in the System's financial statements, and can also be found in
        the CAFR. Actuarial assumptions and methods are provided in the System's
        Actuarial Valuation Report.
          The source of this estimate is Fiscal Note 2018-8  dated  January  22,
        2018  prepared by the Actuary of the New York State Teachers' Retirement
        System and is intended for use only during the 2018 Legislative Session.
        I, Richard A. Young, am the Actuary for the  New  York  State  Teachers'
        Retirement  System.  I  am a member of the American Academy of Actuaries
        and I meet the Qualification Standards of the American Academy of  Actu-
        aries to render the actuarial opinion contained herein.