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NY A10717
Bill
Status
5/15/2018
Primary Sponsor
Stephen Hawley
Click for details
AI Summary
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Allows Steven R. Grice to be deemed a Tier III member of the New York State and Local Employees' Retirement System with a membership date of June 22, 1981, his first date of employment with Genesee County.
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Grice must file an application with the state comptroller within one year of the act's effective date to obtain Tier III status and its associated rights and benefits.
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No refunds of contributions Grice has made to the retirement system shall be provided.
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Genesee County shall bear all past service costs, estimated at approximately $5,660 as a one-time payment, plus approximately $5,000 in increased annual contributions for fiscal year 2019.
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As a Tier III member with over 10 years of membership, Grice will no longer be required to make 3% member contributions.
Legislative Description
Authorizes retroactive tier III membership in the New York state and local employees' retirement system to Steven R. Grice.
Last Action
substituted by s8598
6/20/2018