A bill to grant James J. DeMarco retroactive membership with Tier 1 status in the New York State Teachers' Retirement System.

This bill grants James J. DeMarco, a retired Tier 2 member of the New York State Teachers' Retirement System, retroactive membership with Tier 1 status. His membership date will be adjusted to July 17, 1969, based on his employment as a seasonal employee for the New York Power Authority. His pension will be recalculated with retroactive adjustments to payments made since his retirement on December 7, 2007. DeMarco must file an application with the New York State Teachers' Retirement System within one year of the bill's effective date. The estimated cost of this benefit is $95,900.

A bill to grant James J. DeMarco retroactive membership with Tier 1 status in the New York State Teachers' Retirement System.

This bill grants James J. DeMarco, a retired Tier 2 member of the New York State Teachers' Retirement System, retroactive membership with Tier 1 status. His membership date will be adjusted to July 17, 1969, based on his employment as a seasonal employee for the New York Power Authority. His pension will be recalculated with retroactive adjustments to payments made since his retirement on December 7, 2007. DeMarco must file an application with the New York State Teachers' Retirement System within one year of the bill's effective date. The estimated cost of this benefit is $95,900.