NY S07120

Creates automatic enrollment in the Section 384-d retirement plan for all new members of the New York State and Local Police and Fire Retirement System hired on or after January 1, 2015 if their employer has elected the plan's benefits

Members automatically enrolled in Section 384-d may withdraw from the plan at any time after enrollment

Takes effect January 1, 2015

Fiscal impact is zero cost since enrollment into Section 384-d is already available to members who file within their first year of employment