S05157 Summary:

BILL NOS05157
 
SAME ASNo same as
 
SPONSORLARKIN
 
COSPNSR
 
MLTSPNSR
 
 
Authorizes Jane A. Miller to file a retroactive retirement application with the New York state teachers' retirement system on behalf of her deceased husband, Thomas L. Miller, and to receive all benefits payable based upon such retirement.
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S05157 Actions:

BILL NOS05157
 
05/13/2013REFERRED TO CIVIL SERVICE AND PENSIONS
01/08/2014REFERRED TO CIVIL SERVICE AND PENSIONS
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S05157 Floor Votes:

There are no votes for this bill in this legislative session.
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S05157 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5157
 
                               2013-2014 Regular Sessions
 
                    IN SENATE
 
                                      May 13, 2013
                                       ___________
 
        Introduced  by  Sen.  LARKIN -- read twice and ordered printed, and when
          printed to be committed to the Committee on Civil Service and Pensions
 
        AN ACT to authorize the widow of Thomas L. Miller to file a  retroactive
          application  for  retirement with the New York state teachers' retire-
          ment 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 provision of law to the contrary,
     2  Jane  A.  Miller, whose deceased husband, Thomas L. Miller, was a member
     3  of the New York state teachers' retirement system, who ceased employment
     4  on July 1, 2009 from his employment by the Newburgh enlarged city school
     5  district as a teacher, who died on  September  20,  2009  and  who,  for
     6  reasons not ascribable to his own negligence, failed to file an applica-
     7  tion  for retirement with the New York state teachers' retirement system
     8  on or before July 1, 2009, shall be deemed to have filed  such  applica-
     9  tion for retirement benefits with such retirement system on July 1, 2009
    10  and  shall be deemed to have elected the 100% survivor option, and shall

    11  receive retirement and death benefits based upon a retirement on July 1,
    12  2009, if within one year of the effective date of this  act,  she  shall
    13  file  an  application  for retirement electing the 100% survivor option,
    14  designating herself as the beneficiary of her husband's  benefits,  with
    15  the New York state teachers' retirement system.
    16    § 2. This act shall take effect immediately.
          FISCAL  NOTE.--This  bill  would  permit  Thomas L. Miller, a deceased
        member of the New York State Teachers' Retirement System, who died prior
        to filing an application for retirement with the New York  State  Teach-
        ers'  Retirement  System,  to be deemed to have filed an application for
        retirement electing the 100% Survivor Option, and shall receive  retire-
        ment and death benefits based upon a date of retirement of July 1, 2009.

        Jane  A. Miller, widow of Thomas L. Miller, must file an application for
        retirement on his behalf with the New York  State  Teachers'  Retirement
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05868-02-3

        S. 5157                             2
 
        System  electing  the  100%  Survivor  Option designating herself as the
        beneficiary of her husband's retirement and  death  benefit  within  one
        year of the effective date of this act.
          The cost of this benefit is equal to the increase in the present value
        of liabilities, which is estimated to be $510,000.
          The  source  of this estimate, is Fiscal Note No. 2013-25 dated May 7,

        2013 prepared by the Actuary of the New York State Teachers'  Retirement
        System and is intended for use only during the 2013 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.
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