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NY S06644
Bill
Status
6/19/2018
Primary Sponsor
Neil Breslin
Click for details
AI Summary
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Grants William L. Herman Tier II status in the New York State and Local Employees' Retirement System and deems his membership date as July 22, 1976, his first date of employment with the New York State Office of Parks, Recreation and Historic Preservation.
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Requires William L. Herman to file an application with the state comptroller on or before December 31, 2017 to receive Tier II status and associated benefits.
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Prohibits refund or return of any contributions William L. Herman made to the retirement system.
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Establishes that the State of New York shall bear all past implementation costs, including an estimated one-time past service cost of approximately $78,100 and approximately $5,000 in annual contributions for fiscal year ending March 31, 2018.
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Takes effect immediately upon enactment.
Legislative Description
Authorizes William L. Herman Tier II status in the New York state and local employees' retirement system.
Last Action
referred to ways and means
6/19/2018