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NY A10547
Bill
Status
6/3/2024
Primary Sponsor
Brian Manktelow
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AI Summary
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Allows Jeffrey Alva Beall, a retired Tier 4 member of the New York State Teachers' Retirement System, to purchase three years of military service credit for active duty service from April 17, 1984 to February 27, 1987.
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Requires Mr. Beall to pay a contribution equal to three percent of his compensation earned during the last twelve consecutive months of credited service before his retirement.
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Makes the increase in Mr. Beall's pension retroactively effective to his date of retirement in 2016.
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Estimated cost of $70,000 to be borne by employers of members of the New York State Teachers' Retirement System.
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Takes effect immediately upon enactment.
Legislative Description
Authorizes Jeffrey Alva Beall eligibility to apply for retroactive military service credit in the New York state teachers' retirement system.
Last Action
referred to governmental employees
6/3/2024