This bill allows Jonathan Grossman to apply for a recalculation of his retirement benefits to include a lump sum payment for unused vacation time.

This bill authorizes Jonathan Grossman, a retired Tier 1 member of the New York City Teachers' Retirement System, to apply for a recalculation of his retirement benefits. The recalculation would include a lump sum payment for accumulated vacation time, which was not originally included in his final average salary. If approved, Grossman's annual retirement allowance would increase to $115,288, effective retroactively from his retirement date on September 28, 2010. The additional cost to fund the increased retirement allowance would be borne by the City of New York.

This bill allows Jonathan Grossman to apply for a recalculation of his retirement benefits to include a lump sum payment for unused vacation time.

This bill authorizes Jonathan Grossman, a retired Tier 1 member of the New York City Teachers' Retirement System, to apply for a recalculation of his retirement benefits. The recalculation would include a lump sum payment for accumulated vacation time, which was not originally included in his final average salary. If approved, Grossman's annual retirement allowance would increase to $115,288, effective retroactively from his retirement date on September 28, 2010. The additional cost to fund the increased retirement allowance would be borne by the City of New York.