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NY S07240
Bill
Status
12/23/2022
Primary Sponsor
Edward Rath III
Click for details
AI Summary
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Allows Steven R. Grice, currently a Tier VI member employed by Genesee County, to retroactively become a Tier III member effective June 22, 1981 (his original hire date)
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Grice must file an application with the state comptroller within one year of the act's effective date to claim Tier III status and its associated rights and benefits
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No refunds of any contributions already made by Grice to the retirement system will be provided
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Genesee County must pay all past service costs associated with the retroactive membership change, estimated at approximately $18,600 as a one-time payment and $3,900 in additional annual contributions for fiscal year 2023
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The act takes effect immediately upon enactment
Legislative Description
Authorizes retroactive Tier III membership in the New York state and local employees' retirement system to Steven R. Grice.
Last Action
SIGNED CHAP.770
12/23/2022