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NY S08657
Bill
Status
7/22/2020
Primary Sponsor
Monica Martinez
Click for details
AI Summary
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Grants Michael Posillico retroactive membership in the New York State and Local Employees' Retirement System with an effective date of May 6, 2002, for his employment as a park attendant/dockworker with the town of Brookhaven.
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Requires Posillico to file a written request with the state comptroller within one year of the act's effective date to claim the retroactive membership and receive Tier IV status.
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Establishes that the state of New York shall bear all past service costs associated with implementing this provision, estimated at approximately $45,800 as a one-time payment.
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Projects annual contribution increases of approximately $4,200 for Suffolk County for the fiscal year ending March 31, 2021, with future costs varying based on billing rates and Posillico's salary.
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Takes effect immediately upon enactment.
Legislative Description
Relates to granting retroactive membership in the retirement system to Michael Posillico for service as a park attendant in the town of Brookhaven.
Last Action
referred to governmental employees
7/22/2020