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A10174 Summary:

BILL NO	A10174A
SAME AS	SAME AS S09100-A
SPONSOR	Slater
COSPNSR
MLTSPNSR
Authorizes Tina Russo to receive certain service credit with the New York state teachers' retirement system.

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A10174 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
 submitted in accordance with Assembly Rule III, Sec 1(f)



 
BILL NUMBER: A10174A
 
SPONSOR: Slater

 
TITLE OF BILL:
 
An act in relation to authorizing Tina Russo to receive a recalculation
of her retirement benefit from the New York state teachers' retirement
system
 
 
PURPOSE OR GENERAL IDEA OF BILL:
 
Authorizes Tina Russo to receive certain service credit with the New
York state teachers' retirement system
 
 
SUMMARY OF PROVISIONS:
 
Section 1: Fixes the incorrect calculation of Tina Russo's full-time
service credit with the New York State Teachers' Retirement System.

Section 2: All costs shall be borne by the New York State Teachers'
retirement system.
 
Section 3: Effective Date.
 
 
JUSTIFICATION:
 
Through no fault of her own, Tina Russo's full-time service credit with
the New York State Teachers' Retirement System was calculated incorrect-
ly. This bill fixes the issue retroactive to the date of her retirement.
 
 
PRIOR LEGISLATIVE HISTORY:
 
New Bill.
 
 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:
 
Nominal.
 
 
EFFECTIVE DATE:
Immediately.

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