STATE OF NEW YORK
________________________________________________________________________
7780--A
2025-2026 Regular Sessions
IN ASSEMBLY
April 10, 2025
___________
Introduced by M. of A. MANKTELOW -- read once and referred to the
Committee on Governmental Employees -- recommitted to the Committee on
Governmental Employees in accordance with Assembly Rule 3, sec. 2 --
committee discharged, bill amended, ordered reprinted as amended and
recommitted to said committee
AN ACT to authorize Jeffrey Alva Beall eligibility to apply for military
service credit 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 subdivision 5 of section 1000 of the
2 retirement and social security law, Jeffrey Alva Beall, a retired member
3 of the New York state teachers' retirement system, who was on active
4 duty in the United States Army from April 17, 1984 until February 27,
5 1987, shall be eligible to apply for military service credit, to be
6 applied retroactively to the date of his retirement, in the New York
7 state teachers' retirement system as otherwise provided pursuant to the
8 provisions of section 1000 of the retirement and social security law.
9 To obtain such credit Mr. Beall shall pay the New York state teachers'
10 retirement system a sum equal to the product of the number of years of
11 military service he served, and three percent of Mr. Beall's compen-
12 sation earned during the last twelve consecutive months of credited
13 service preceding the date of his retirement.
14 § 2. This act shall take effect immediately.
FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
Bill Description:
This fiscal note is prepared for legislative bill draft #01081-03-5.
This bill would allow Jeffrey Alva Beall, a retired Tier 4 member of the
New York State Teachers' Retirement System, to purchase three years of
service credit for his military service when he was on active duty in
the United States Army from April 17, 1984 until February 27, 1987. Mr.
Beall must pay a sum equal to the product of the number of years of
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD01081-06-6
A. 7780--A 2
military service credit and three percent of his compensation earned
during the last twelve consecutive months of credited service preceding
his retirement. The increase in Mr. Beall's pension would be payable
retroactively to his date of retirement. He was not eligible to purchase
this military service credit upon his retirement in 2016 as it was
before the law was changed to allow credit for military service rendered
at any time, rather than during specified periods of war.
Cost:
The cost of this benefit is equal to the increase in the present value
of liabilities minus Mr. Beall's contribution, which is estimated to be
$76,000. This cost would be borne by the employers of members of the New
York State Teachers' Retirement System.
Data:
Member data as of June 30, 2025, prepared for the most recent actuari-
al valuation was used in determining this cost. The most recent data
distributions and statistics can be found in the System's Annual Report
for the fiscal year ended June 30, 2025. System assets are as reported
in the System's financial statements which can be found in the System's
Annual Report. This data will also be provided in the System's Actuarial
Valuation Report as of June 30, 2025.
Methods and Assumptions:
A summary of actuarial assumptions and methods will be provided in the
System's Actuarial Valuation Report as of June 30, 2025. Further details
can be found in the most recent Recommended Actuarial Assumptions 2025
Report.
Actuarial Certification:
We, the undersigned actuaries for the New York State Teachers' Retire-
ment System, certify the following:
1. The actuarial assumptions, methods, and data used are reasonable
for the purposes of this fiscal note, internally consistent and are in
accordance with standards of practice prescribed by the Actuarial Stand-
ards Board and generally accepted actuarial principles and procedures.
2. We relied on member data supplied by the participating employers of
the New York State Teachers' Retirement System and assets as supplied in
the annual Financial Statements by NYSTRS' Finance Department.
3. Results were prepared based on our current understanding of the
proposal as of the date of this fiscal note. If the language or our
understanding of the proposal changes, the results could change and
require the issuance of a new fiscal note. The next annual update of the
actuarial valuation could also produce different results. Results should
not be relied upon for any other purpose.
4. This fiscal note was prepared in accordance with New York State
Retirement and Social Security Law, New York State Education Law, appli-
cable Internal Revenue Code, and accepted actuarial standards of prac-
tice as of the date of this fiscal note. This fiscal note does not
constitute a legal opinion on the viability of this legislative
proposal.
5. We are members of the American Academy of Actuaries and the Society
of Actuaries, and we meet the Qualification Standards of the American
Academy of Actuaries to render the actuarial opinion contained herein.
We are currently compliant with the Continuing Professional Development
Requirement of the Society of Actuaries.
Fiscal Note Identification:
This Fiscal Note, 2026-13, dated January 29, 2026, was prepared by the
Office of the Actuary of the New York State Teachers' Retirement System
and is intended for use only during the 2026 Legislative Session.
