Authorizes Jonathan Grossman to apply for a recalculation of his retirement benefits.

This bill authorizes Jonathan Grossman, a retired Tier 1 member of the New York City Teachers' Retirement System (TRS), to apply for a recalculation of his retirement benefits. The recalculation will include a lump sum payment for accumulated vacation time, which was not included in his original retirement benefit calculation. The additional cost to fund the increased retirement allowance would be paid by the City of New York. The recalculation would apply prospectively and retroactively, less any payments previously made, to Grossman's retirement date of September 28, 2010.

Authorizes Jonathan Grossman to apply for a recalculation of his retirement benefits.

This bill authorizes Jonathan Grossman, a retired Tier 1 member of the New York City Teachers' Retirement System (TRS), to apply for a recalculation of his retirement benefits. The recalculation will include a lump sum payment for accumulated vacation time, which was not included in his original retirement benefit calculation. The additional cost to fund the increased retirement allowance would be paid by the City of New York. The recalculation would apply prospectively and retroactively, less any payments previously made, to Grossman's retirement date of September 28, 2010.