NY A05465

Grants Kenneth Panaro retroactive Tier IV membership in the New York State and Local Employees' Retirement System, with a membership date of June 25, 2007 when he first began employment with the Town of Hempstead

Requires Panaro to file an application with the retirement system within one year of the act's effective date to receive the retroactive membership

Prohibits Panaro from receiving a refund of any employee contributions already made to the retirement system

Assigns all past service costs to the Town of Hempstead, including an immediate one-time payment of approximately $83,300 and an annual contribution increase of approximately $3,100 starting in fiscal year ending March 31, 2026

Addresses a situation where Panaro, through no fault of his own, was not enrolled in the retirement system when first eligible, resulting in his current Tier 5 status instead of Tier 4