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NY S07089
Bill
Status
4/27/2012
Primary Sponsor
Patricia Ritchie
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AI Summary
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Allows current and retired employees of seven Jefferson County development corporations and centers to retain service credit and membership in the New York State and Local Employees' Retirement System (ERS) for service rendered prior to January 1, 2013
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Covered organizations include the Jefferson County Job Development Corporation, Jefferson County Local Development Corporation, Jefferson County Agricultural Development Corporation, Watertown Industrial Center Local Development Corporation, Watertown Local Development Corporation, Economic Development Corporation of the Village of Carthage, and Carthage Industrial Development Corporation
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Requires the Jefferson County Industrial Development Agency and affected employees to make all required employer and employee contributions to the ERS for the service credit
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Fiscal note indicates no additional annual costs to the state, as the JCIDA has already paid into the ERS for these individuals' service
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Takes effect immediately upon enactment
Legislative Description
Authorizes persons who are members or retirees of the New York State and Local Employees' Retirement System pursuant to administrative agreements between the Jefferson County Industrial Development Agency and certain development corporations or centers to continue to receive credit for service.
Last Action
COMMITTED TO RULES
6/21/2012