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NAGER v. TEACHERS' RETIREMENT SYSTEM OF THE CITY OF NEW YORK

261 A.D.2d 292 (1999)

691 N.Y.S.2d 406

ARNOLD H. NAGER et al., Respondents, v. TEACHERS' RETIREMENT SYSTEM OF THE CITY OF NEW YORK et al., Appellants.

Appellate Division of the Supreme Court of the State of New York, First Department.

Decided May 25, 1999.

In this action seeking legal and equitable relief for defendants' allegedly improper investment policies with respect to the Variable B Annuity Program (L 1982, ch 735), the motion court properly denied defendants' motion for summary judgment to permit plaintiffs to complete discovery (CPLR 3212 [f]). Further, while defendants correctly point out that the "[i]ntent and purposes" statement found in section 1 of chapter 735 was never enacted in the form of an amendment to the...

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