New York A 7780: Authorizes Jeffrey Alva Beall eligibility to apply for military service credit in the New York state teachers' retirement system

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A07780 Summary:

BILL NOA07780A

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SAME ASSAME AS S04491-A

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SPONSORManktelow

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COSPNSR

&nbsp

MLTSPNSR

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&nbsp

Authorizes Jeffrey Alva Beall eligibility to apply for retroactive military service credit in the New York state teachers' retirement system.

Go to top A07780 Actions:

BILL NOA07780A

&nbsp

04/10/2025referred to governmental employees

01/07/2026referred to governmental employees

03/05/2026amend and recommit to governmental employees

03/05/2026print number 7780a

Go to topA07780 Committee&nbspVotes:

Go to topA07780 Floor&nbspVotes:

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

Go to topA07780 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7780--A

 2025-2026 Regular Sessions

 IN ASSEMBLY

 April 10, 2025
 ___________

 Introduced by M. of A. MANKTELOW -- read once and referred to the
 Committee on Governmental Employees -- recommitted to the Committee on
 Governmental Employees in accordance with Assembly Rule 3, sec. 2 --
 committee discharged, bill amended, ordered reprinted as amended and
 recommitted to said committee

 AN ACT to authorize Jeffrey Alva Beall eligibility to apply for military
 service credit in the New York state teachers' retirement system

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

 1 Section 1. Notwithstanding subdivision 5 of section 1000 of the
 2 retirement and social security law, Jeffrey Alva Beall, a retired member
 3 of the New York state teachers' retirement system, who was on active
 4 duty in the United States Army from April 17, 1984 until February 27,
 5 1987, shall be eligible to apply for military service credit, to be
 6 applied retroactively to the date of his retirement, in the New York
 7 state teachers' retirement system as otherwise provided pursuant to the
 8 provisions of section 1000 of the retirement and social security law.
 9 To obtain such credit Mr. Beall shall pay the New York state teachers'
 10 retirement system a sum equal to the product of the number of years of
 11 military service he served, and three percent of Mr. Beall's compen-
 12 sation earned during the last twelve consecutive months of credited
 13 service preceding the date of his retirement.
 14 § 2. 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 #01081-03-5.
 This bill would allow Jeffrey Alva Beall, a retired Tier 4 member of the
 New York State Teachers' Retirement System, to purchase three years of
 service credit for his military service when he was on active duty in
 the United States Army from April 17, 1984 until February 27, 1987. Mr.
 Beall must pay a sum equal to the product of the number of years of

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01081-06-6

 A. 7780--A 2

 military service credit and three percent of his compensation earned
 during the last twelve consecutive months of credited service preceding
 his retirement. The increase in Mr. Beall's pension would be payable
 retroactively to his date of retirement. He was not eligible to purchase
 this military service credit upon his retirement in 2016 as it was
 before the law was changed to allow credit for military service rendered
 at any time, rather than during specified periods of war.
 Cost:
 The cost of this benefit is equal to the increase in the present value
 of liabilities minus Mr. Beall's contribution, which is estimated to be
 $76,000. 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
 S