New York A 7083: Authorizes Carl Spatola to receive a refund from the New York state teachers' retirement system

Bill Text

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A07083 Summary:

BILL NOA07083A

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SAME ASNo Same As

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SPONSORGandolfo

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COSPNSR

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MLTSPNSR

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Authorizes Carl Spatola to receive a refund from the New York state teachers' retirement system due to overpayment.

Go to top A07083 Actions:

BILL NOA07083A

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03/20/2025referred to governmental employees

01/07/2026referred to governmental employees

03/12/2026amend and recommit to governmental employees

03/12/2026print number 7083a

Go to topA07083 Committee&nbspVotes:

Go to topA07083 Floor&nbspVotes:

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

Go to topA07083 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7083--A

 2025-2026 Regular Sessions

 IN ASSEMBLY

 March 20, 2025
 ___________

 Introduced by M. of A. GANDOLFO -- read once and referred to the Commit-
 tee 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 authorizing Carl Spatola to receive a refund from 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 the provisions of subdivision b of section
 2 902 of the retirement and social security law, Carl Spatola a Tier 4
 3 member of the New York state teachers' retirement system who was former-
 4 ly a member of the New York city teachers' retirement system with 12
 5 years 1 month of service credit who then paid contributions as an
 6 employee of the Amityville school district during the period October 1,
 7 2000 through June 30, 2004 and initiated a transfer from the New York
 8 city teachers' retirement system to the New York state teachers' retire-
 9 ment system during the school year ending June 30, 2005, shall be enti-
 10 tled to a refund of the accumulated three percent contributions paid to
 11 said retirement system for the period in which the transfer was not
 12 initiated and cessation date was not established if an application is
 13 filed within one year of the effective date of this act.
 14 § 2. All costs associated with the implementation of this act shall be
 15 borne by the employers of the members of the New York state teachers'
 16 retirement system.
 17 § 3. 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 #04561-02-5.
 This bill would allow Carl Spatola, a Tier 4 member of the New York
 State Teachers' Retirement System (NYSTRS), who was formerly a member of

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04561-03-6

 A. 7083--A 2

 the New York City Teachers' Retirement System (NYCTRS) and who initiated
 a transfer from NYCTRS to NYSTRS during the school year ending June 30,
 2005, to receive a refund of his accumulated 3% contributions paid to
 NYSTRS for the period in which the transfer was not initiated and the
 cessation date was not established. Mr. Spatola must file a written
 request with the head of NYSTRS within one year of the effective date of
 this bill.
 Cost:
 This bill would generate a cost equal to the refund of the accumulated
 member contributions paid by Mr. Spatola to NYSTRS during this period,
 which is estimated to be $28,000. This cost is to be borne by the
 employers of members of NYSTRS.
 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
 Repo