An Act correcting pension inequity for James G. Clothier
Generates a plain-language summary of the bill text and history.
No additional cosponsors.
| Committee | Recommendation | Vote |
|---|---|---|
| J23 | Accompanied | — |
Notwithstanding the provisions of any general or special law or rule or regulation to the contrary, the teachers' retirement board is hereby authorized and directed to permit James G. Clothier to purchase ten years' of creditable service in the teachers' retirement system for the sum of eighteen thousand five hundred two and 14/100 dollars ($18,502.14), for his service as a teacher in the public schools of New York State. Without limiting the generality of the foregoing, this purchase shall be permitted notwithstanding the receipt by Mr. Clothier of any pension, retirement allowance, or similar benefit from any New York State teacher retirement system or program.
Upon purchase of the creditable service as provided herein, said service shall be deemed for all purposes to have been purchased on January 26, 1998 and shall be included in the calculation of Mr. Clothier's superannuation retirement allowance from the teachers' retirement system retroactively to the effective date of his retirement on June 30, 2002.
This act shall take effect upon its passage.
SECTION 1. Notwithstanding the provisions of any general or special law or rule or regulation to the contrary, the teachers' retirement board is hereby authorized and directed to permit James G. Clothier to purchase ten years' of creditable service in the teachers' retirement system for the sum of eighteen thousand five hundred two and 14/100 dollars ($18,502.14), for his service as a teacher in the public schools of New York State. Without limiting the generality of the foregoing, this purchase shall be permitted notwithstanding the receipt by Mr. Clothier of any pension, retirement allowance, or similar benefit from any New York State teacher retirement system or program. SECTION 2. Upon purchase of the creditable service as provided herein, said service shall be deemed for all purposes to have been purchased on January 26, 1998 and shall be included in the calculation of Mr. Clothier's superannuation retirement allowance from the teachers' retirement system retroactively to the effective date of his retirement on June 30, 2002. SECTION 3. This act shall take effect upon its passage.