NY A06641

Authorizes Thomas Collins, retired from Pearl River School District since July 1, 2010, to change his retirement benefit election from the maximum single life benefit to a 100% joint and survivor option naming his spouse Sandra Collins as beneficiary.

Allows Collins to file a written request with the New York State Teachers' Retirement System within one year of the act's effective date, with the benefit change retroactively effective to July 1, 2010.

Requires Collins to repay approximately $121,000 in overpayments he received from his retirement date through the effective date of the benefit change.

Places all implementation costs and recovery costs on Thomas Collins; other costs attributable to the act shall be borne by employers of New York State Teachers' Retirement System members.

Takes effect immediately upon enactment.