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NY S08969
Bill
Status
9/9/2020
Primary Sponsor
George Borrello
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AI Summary
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State employees in the New York State and Local Retirement System (NYSLRS) who were furloughed or dismissed between the declaration of the disaster emergency under Executive Order 202 of 2020 through December 31, 2020 shall receive service credit for the time they were furloughed or dismissed.
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The service credit extension applies to full-time, part-time, and seasonal members.
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Members must have at least five years of credited service (not including service credited under this act) to be eligible for the additional credit.
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Past service costs are estimated at approximately 18 percent of affected members' compensation for each year of additional service for NYSLRS, and approximately 22 percent for the Police and Fire Retirement System.
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The act takes effect immediately upon enactment.
Legislative Description
Provides for the extension of NYSLRS service credit for any service credit lost due to either furlough or layoff of a member from the period beginning when executive order 202 of 2020 was issued through December 31, 2020.
Last Action
REFERRED TO RULES
9/9/2020