Authorizes Beth Barsamian to receive an ordinary death benefit of her daughter, Lauren Barsamian; provides for the transfer of the daughter's service in the New York state and local employees' retirement system to the New York state teachers' retirement system.
STATE OF NEW YORK
________________________________________________________________________
7764
IN SENATE
June 18, 2012
___________
Introduced by Sen. CARLUCCI -- read twice and ordered printed, and when
printed to be committed to the Committee on Rules
AN ACT to authorize Beth Barsamian to receive an ordinary death benefit
of her daughter, Lauren Barsamian
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 Beth Barsamian shall be hereby eligible to receive the ordinary death
3 benefit calculated pursuant to section 606 of the retirement and social
4 security law on account of the death of her daughter, Lauren Barsamian,
5 registration number 40537649, who died in a tragic accident on October
6 8, 2005, while employed by the East Ramapo School District, a member of
7 the New York state teachers' retirement system, and for reasons not
8 ascribable to Lauren Barsamian's own negligence, and as such did not
9 afford death coverage to her mother and family. Beth Barsamian is
10 further authorized to transfer the prior service credit of Lauren Barsa-
11 mian in the New York state and local employees' retirement system, who
12 was employed from September 2002 through August 2005 as a teacher at the
13 St. Joseph's School for the Deaf, an employer which participates in the
14 New York state and local employees' retirement system, to the New York
15 state teachers' retirement system which Lauren Barsamian joined in
16 September 2005, if on or before December 31, 2012, she files an applica-
17 tion therefor with the state comptroller. Such transfer shall be deemed
18 to have taken effect on the beginning date of Lauren Barsamian's employ-
19 ment with the New York state teachers' retirement system.
20 Transfer of Lauren Barsamian's prior service credit shall be made by
21 the New York state and local employees' retirement system to the New
22 York state teachers' retirement system upon notification from the latter
23 retirement system to the former retirement system that Lauren Barsamian
24 would have met all of the requirements, had she been alive. There shall
25 not be a transfer of the member's contributions because those monies
26 have already been paid out to her designated beneficiary.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD15384-02-2
S. 7764 2
1 All costs incurred by implementing the provisions of this act due to
2 past service shall be borne by the employers of members of the New York
3 state teachers' retirement system.
4 § 2. This act shall take effect immediately.
FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
This bill would allow Beth Barsamian, the mother of Lauren Barsamian,
to transfer Lauren Barsamian's service credit in the New York State and
Local Employees' Retirement System to the New York State Teachers'
Retirement System. Lauren Barsamian became a member of the New York
State Teachers' Retirement System on September 1, 2005 and died in a
tragic accident on October 8, 2005. Lauren Barsamian was ineligible for
death benefit coverage under Paragraph 2 of subdivision a of Section 606
of the Retirement and Social Security Law because she had less than one
year of service credit with the New York State Teachers' Retirement
System at the time of her death. However she would have been eligible
for death benefit coverage had she transferred her service credit in the
New York State and Local Employees' Retirement System to the New York
State Teachers' Retirement System prior to her death.
The cost of this benefit is equal to the amount of Ms. Barsamian's
ordinary death benefit, which is estimated to be $167,000.
The source of this estimate is Fiscal Note 2012-38 dated June 18, 2012
prepared by the Actuary of the New York State Teachers' Retirement
System and is intended for use only during the 2012 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.
