NY A10003

Eliminates the one-year time limit for members to provide notice of intent to transfer between New York public retirement systems.

Removes the requirement that transferees work three years in the second retirement system before receiving pension calculations based on combined service credit and salary history from both systems.

Repeals subdivisions g and i of Section 43 of the Retirement and Social Security Law, which contain outdated language no longer affecting retirement system members.

Updates gender-neutral language throughout the statute by replacing "he" with "he or she" in references to retirement system members.

Estimated annual cost to employers is negligible, with potential administrative benefits from reducing multiple transfers by members who change employment.