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NY S01011
Bill
Status
Engrossed
6/10/2025
Primary Sponsor
Samra Brouk
Click for details
AI Summary
- Requires employees undergoing a job title or responsibility change that affects their retirement system membership or service credit accrual to execute a written acknowledgement statement along with their employer
- The written statement must confirm both parties understand the employee will no longer be a member of the retirement system or eligible to accrue service credit as of a specific date
- Employers must file the signed acknowledgement with the appropriate retirement board or Office of the Comptroller within 30 days of both parties signing
- Applies to three retirement systems: the New York State Teachers' Retirement System (Education Law), the New York State Employees' Retirement System, and the New York State Police and Fire Retirement System
- Takes effect 60 days after becoming law, with authority to implement necessary rules and regulations immediately upon passage
Legislative Description
Relates to changes of membership eligibility in a New York state retirement system.
Last Action
REPORTED AND COMMITTED TO FINANCE
1/28/2026
Committee Referrals
Finance1/28/2026
Civil Service and Pensions1/7/2026
Governmental Employees6/10/2025
Finance2/11/2025
Civil Service and Pensions1/8/2025
Full Bill Text
No bill text available