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NY S07751
Bill
Status
Introduced
6/18/2012
Primary Sponsor
Patricia Ritchie
Click for details
AI Summary
- Allows current and retired members of the New York State and Local Employees' Retirement System to retain service credit for work performed with seven specified Jefferson County and Watertown development corporations prior to August 1, 2012
- Applies to employees of 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
- Requires the Jefferson County Industrial Development Agency and affected employees to make all required employer and employee contributions to the retirement system
- Takes effect immediately with no additional annual costs to the state, as the JCIDA has already paid into the retirement system for these services
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
SUBSTITUTED BY A10017A
6/21/2012
Committee Referrals
Rules6/18/2012
Full Bill Text
No bill text available