On April 10, 2009, the Supreme Court, Albany County, granted an Article 78 Petition brought on behalf of a retired school superintendent to challenge a determination by the New York State Teachers’ Retirement System (TRS) which excluded the value of pre-retirement life insurance benefits in the calculation of his final average salary. The matter was handled by Christopher P. Langlois, Esq.
The proceeding arose out of a determination by TRS to exclude the value of the pre-retirement life insurance benefits from the superintendent’s pension calculations on the ground that the benefits were an “eve of retirement” increase in compensation intended to “artificially inflate” the superintendent’s final average salary prior to his retirement. Exclusion of the value of these benefits would have resulted in the loss to the superintendent of several thousand dollars in annual pension benefits
In granting the retiree’s Petition, the Court was persuaded that the pre-retirement life insurance benefits at issue constituted genuine compensation to the superintendent for services rendered or to be rendered under his employment contract, and therefore should have been included by TRS in the retirement calculations.
If you would like more information about this case, please contact Christopher P. Langlois at cpl@girvinlaw.com