NY A07780

Authorizes Jeffrey Alva Beall, a retired member of the New York State Teachers' Retirement System, to apply for military service credit for his active duty in the United States Army from April 17, 1984 to February 27, 1987

Credit would be applied retroactively to his 2016 retirement date, as he was ineligible at the time because the law only covered specified periods of war

Requires Mr. Beall to pay 3% of his compensation earned during the last 12 consecutive months before retirement, multiplied by the number of years of military service

Estimated cost to employers of NYSTRS members is approximately $73,000, representing the increase in present value of liabilities minus Mr. Beall's contribution