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NY S05749
Bill
Status
6/18/2015
Primary Sponsor
Andrea Stewart-Cousins
Click for details
AI Summary
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Allows Leila El-Chehabi, a member of the New York State Teachers' Retirement System since 1982, to purchase service credit for her employment with the U.S. Department of Defense Dependent Schools at Bitburg Air Force Base in Germany from 1987 to 1992.
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Requires El-Chehabi to file a written request with the retirement system on or before December 31, 2016, and pay back contributions plus interest for the service period to receive credit.
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Prohibits service credit if El-Chehabi receives or will receive benefits from any other public or private retirement system in any state or from the federal government for the same service period.
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Estimated cost of the benefit is $133,900 in present value, with employers bearing approximately $117,600 and El-Chehabi paying approximately $16,300.
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Takes effect immediately upon enactment.
Legislative Description
Authorizes Leila El-Chehabi to apply for service credit in the New York state teachers' retirement system; provides that no such credit shall be allowed where Leila El-Chehabi is receiving a benefit or will be entitled to receive a benefit at any future time from some other public or private retirement system or plan in this state or in any other state or from the federal government.
Last Action
PRINT NUMBER 5749A
6/16/2016