New York A 8671: Authorizes Thomas Collins to file a request for change of benefit coverage with the New York state teachers' retirement system

Bill Text

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A08671 Summary:

BILL NOA08671 

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SAME ASSAME AS S08190

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SPONSORWieder

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COSPNSR

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MLTSPNSR

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Authorizes Thomas Collins to file a request for change of benefit coverage with the New York state teachers' retirement system.

Go to top A08671 Actions:

BILL NOA08671 

&nbsp

05/27/2025referred to governmental employees

01/07/2026referred to governmental employees

Go to topA08671 Committee&nbspVotes:

Go to topA08671 Floor&nbspVotes:

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

Go to topA08671 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8671

 2025-2026 Regular Sessions

 IN ASSEMBLY

 May 27, 2025
 ___________

 Introduced by M. of A. WIEDER -- read once and referred to the Committee
 on Governmental Employees

 AN ACT in relation to authorizing Thomas Collins to file a request for
 change of benefit coverage with the New York state teachers' retire-
 ment system

 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, Thomas Collins,
 2 who is currently a member of the New York state teachers' retirement
 3 system, who retired from Pearl River School District on July 1, 2010,
 4 and who since his date of retirement has been receiving the largest
 5 possible retirement benefit under the maximum retirement benefit
 6 election, and who, for reasons not ascribable to his own negligence,
 7 even upon notice in 2010 from the retirement system of his election of
 8 the maximum retirement benefit election, failed to change his retirement
 9 option election prior to the expiration of the thirty days in accordance
 10 with article 11 of the education law and to nominate his wife as the
 11 beneficiary of the one hundred percent survivor option, shall be author-
 12 ized to change said maximum retirement option to the one hundred percent
 13 survivor option, if within one year of the effective date of this act,
 14 he shall file a written request on a form prescribed by the New York
 15 state teachers' retirement system with the head of said retirement
 16 system. Such change of benefit coverage shall be deemed to become effec-
 17 tive on July 1, 2010.
 18 § 2. Any costs attributable to implementation of the retirement
 19 election option change, authorized by section one of this act, and the
 20 recovery for the overpayment received by Thomas Collins since his date
 21 of retirement to change his election from the maximum benefit to the one
 22 hundred percent joint and survivor option with Sandra Collins as the
 23 beneficiary, shall be borne by Thomas Collins. The costs shall be calcu-
 24 lated from the date of his retirement, July 1, 2010, to the date his new

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03473-02-5

 A. 8671 2

 1 retirement option election, filed in accordance with section one of this
 2 act, is deemed effective with the System and upon receipt of his payment
 3 for making said election. Any other costs attributable to the implemen-
 4 tation of this act shall be borne by the employers of members of the New
 5 York state teachers' retirement system.
 6 § 3. This act shall take effect immediately.
 FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
 This bill would allow Thomas Collins, a retired member of the New York
 State Teachers' Retirement System, who elected the maximum single life
 benefit upon his date of retirement of July 1, 2010 to undo his option
 election and change his retirement benefit to the 100% joint and survi-
 vor option benefit designating his spouse Sandra Collins as beneficiary
 of such optional form of benefit. The 100% joint and survivor benefit
 would be effective as of his date of retirement. Mr. Collins would be
 required to repay to the Retirement System the excess of the maximum
 single life benefit over the 100% joint and survivor option benefit that
 he has received from his date of retirement through the effective date
 of the change in his benefit. Mr. Collins must file a written request
 with the head of the New York State Teachers' Retirement System within
 one year of the effective date of this act.
 The total cost of this benefit i