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

This bill authorizes Carl Spatola, a former member of the New York City Teachers' Retirement System who transferred to the New York State Teachers' Retirement System (NYSTRS) in 2005, to receive a refund of his accumulated contributions. Spatola must file a written request with NYSTRS within one year of the bill's effective date. The refund amount is estimated to be $28,000, and the cost will be borne by the employers of NYSTRS members. The bill includes an actuarial certification confirming the reasonableness of the assumptions, methods, and data used.

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

This bill authorizes Carl Spatola, a former member of the New York City Teachers' Retirement System who transferred to the New York State Teachers' Retirement System (NYSTRS) in 2005, to receive a refund of his accumulated contributions. Spatola must file a written request with NYSTRS within one year of the bill's effective date. The refund amount is estimated to be $28,000, and the cost will be borne by the employers of NYSTRS members. The bill includes an actuarial certification confirming the reasonableness of the assumptions, methods, and data used.