New York S 9412: Relates to rehabilitated multiple dwellings acquired and reconveyed by the federal government

Bill Text

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S09412 Summary:

BILL NOS09412 

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SAME ASNo Same As

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SPONSORGALLIVAN

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COSPNSR

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MLTSPNSR

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Grants Karen Schieber retroactive membership in the New York state teachers' retirement system.

Go to top S09412 Actions:

BILL NOS09412 

&nbsp

03/10/2026REFERRED TO CIVIL SERVICE AND PENSIONS

Go to topS09412 Committee&nbspVotes:

Go to topS09412 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS09412 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9412

 IN SENATE

 March 10, 2026
 ___________

 Introduced by Sen. GALLIVAN -- read twice and ordered printed, and when
 printed to be committed to the Committee on Civil Service and Pensions

 AN ACT granting retroactive membership in the New York state teachers'
 retirement system to Karen Schieber

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Notwithstanding any other provision of law to the contrary,
 2 Karen Schieber, a tier V member of the New York state teachers' retire-
 3 ment system employed by the Buffalo city school district and who was
 4 previously employed as a seasonal employee by the town of West Seneca
 5 from July 16, 1996 through September 16, 2002 and who, through no fault
 6 of her own, did not become a member of the New York state and local
 7 employees' retirement system on July 16, 1996 when she became eligible
 8 for membership in such system, shall be deemed to have joined the New
 9 York state and local employees' retirement system on the date July 16,
 10 1996 if, within one year of the effective date of this act, she shall
 11 file a written request with the head of the New York state teachers'
 12 retirement system.
 13 § 2. No contributions made to the New York state teachers' retirement
 14 system by Karen Schieber shall be returned or refunded to her pursuant
 15 to this act.
 16 § 3. All past service costs of implementing the provisions of this act
 17 shall be borne by the employers of members of the New York state teach-
 18 ers' retirement system.
 19 § 4. This act shall take effect immediately.
 FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
 Bill Description:
 This fiscal note is prepared for legislative bill draft #14745-03-6.
 This bill would allow Karen Schieber, an active Tier 5 member of the New
 York State Teacher's Retirement System (NYSTRS) to be reclassified as a
 Tier 4 member with a date of membership of July 16, 1996, based upon
 their employment as a seasonal employee with the town of West Seneca, a
 participating employer in the New York State and Local Employees'
 Retirement System. There shall be no refund of member contributions.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14745-04-6

 S. 9412 2

 Karen Schieber must file a written request with the head of NYSTRS with-
 in one year of the effective date of this bill.
 Cost:
 The cost of this benefit is equal to the increase in the present value
 of liabilities, which is estimated to be $42,800. This cost would be
 borne by the employers of members of the New York State Teachers'
 Retirement System.
 Data:
 Member data as of June 30, 2025, prepared for the most recent actuari-
 al valuation was used in determining this cost. The most recent data
 distributions and statistics can be found in the System's Annual Report
 for the fiscal year ended June 30, 2025. System assets are as reported
 in the System's financial statements which can be found in the System's
 Annual Report. This data will also be provided in the System's Actuarial
 Valuation Report as of June 30, 2025.
 Methods and Assumptions:
 A summary of actuarial assumptions and methods will be provided in the
 System's Actuarial Valuation Report as of June 30, 2025. Further details
 can be found in the most recent Recommended Actuarial Assumptions 2025
 Report.
 Actuarial Certification:
 We, the undersigned actuaries for the New York State Teachers' Retire-
 ment System, certify the following:
 1. The actuarial assumptions, methods, and data used are reasonable
 for the purposes of this fiscal note, internally consistent and are in
 accordance with standards of practice prescribed by the Act