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NY A10604
Bill
Status
7/6/2022
Primary Sponsor
Peter Abbate
Click for details
AI Summary
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Grants one additional day of service credit to New York State Teachers' Retirement System members for each day of accumulated unused sick leave at retirement, capped at 149 days maximum.
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Applies only to members employed by the State Education Department in the professional, scientific and technical services collective bargaining unit who accrued sick leave under an established plan.
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Service credit from unused sick leave cannot be used to meet service or age requirements for retirement eligibility or to calculate final average salary.
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Estimated annual cost to employers is $403,000 or 0.002% of payroll.
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Effective immediately and retroactively to June 30, 2022, applying to retirements on or after July 1, 2022.
Legislative Description
Provides one additional service credit for members of the New York state teachers' retirement system for each day of accumulated unused sick leave at the time of a member's retirement.
Last Action
referred to governmental employees
7/6/2022