Loading chat...
NY A09593
Bill
Status
5/9/2014
Primary Sponsor
Peter Abbate
Click for details
AI Summary
-
Permits police officers employed by the Metropolitan Transportation Authority, Long Island Railroad Company, or Metro-North Commuter Railroad Company who are members of the MTA police retirement program to transfer membership to the New York State and Local Police and Fire Retirement System.
-
Eliminates the requirement for reserve determinations and transfers when MTA police retirement program members move to the New York State and Local Police and Fire Retirement System.
-
Transfers are processed upon receipt by the receiving retirement system of membership information and accumulated contributions from the first retirement system.
-
Fiscal note indicates no anticipated cost to the State of New York or participating employers in the Police and Fire Retirement System upon enactment.
-
Takes effect immediately upon enactment.
Legislative Description
Allows any police officer who was employed by the Metropolitan Transportation Authority, the Long Island Railroad Company or the Metro-North Commuter Railroad Company and who is a member of the MTA police retirement program to transfer his or her membership to the New York State and Local Police and Fire Retirement System.
Last Action
ordered to third reading rules cal.479
6/19/2014