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- Referred to governmental employees
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Grants retroactive membership with Tier II status in the New York state and local employees' retirement system to Warren Greene
In Senate Committee · Civil Service And Pensions · Sponsor Hugh T. Farley
Full text
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Sponsor's memo
BILL NUMBER:A10882
Title of bill
An act granting retroactive membership with tier II status in the New York state and local employees' retirement system to Warren Greene
Summary of specific provisions
Authorizes Warren Greene Tier II status in the New York State and Local Employees' Retirement System.
Justification
Warren Greene first became eligible to join a public retirement system when he began working for the City of Gloversville on July 15, 1974. Mr. Greene worked for the City of Gloversville as the Playground Director of Littauer Pool Playground from July 15, 1974 until July 31, 1974 and again from August 15, 1974 until August 31, 1974. However, during this period of time he was not afforded the opportunity to join the system. This bill would allow Mr. Greene to be deemed to have become a member of the New York State and Local Employees' Retire- ment system as of July 15,1974.
Fiscal implications
This bill will deem Warren S. Greene, currently a retired Tier 3 member of the New York State and Local Employees' Retire- ment System., to have first become a member of the Retired System on July 15, 1974, thereby making him eligible for reinstatement to Tier 2. Mr. Greene will not receive a refund of his Tier 3 member contributions.
If this bill is enacted, there will be an immediate past service cost of approximately $42, 500 which will be shared by the State of New York and all participating employers in the New York State and Local Employees' Retirement System.
The estimate, dated March 19, 2010 and intended for use only during the 2010 Legislative Session, is Fiscal Note No. 2010-122, prepared by the Actuary of the New York State and Local Employees' Retirement system.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.