Authorizes Michael Hall to change his retirement benefit coverage with the New York state teachers' retirement system.
This bill allows Michael Hall, a retired member of the New York State Teachers' Retirement System, to change his retirement benefit coverage. Hall, who retired on January 31, 2004, had previously elected a reduced benefit option designating his wife as a beneficiary. The bill permits him to change this option to the maximum single life benefit, effective from his retirement date. The cost of this change, estimated at $211,000, will be borne by the employers of members of the New York State Teachers' Retirement System.
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