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A9721Assembly2009-2010 SessionSame asS6426

Authorizes Paul J. Kosinski to file an application for retroactive membership as a Tier II member of the New York state and local employees' retirement system

Sponsor Jane CorwinAD-142Affects Finance
Status
In Assembly Committee
Governmental Employees
Impact
Pending
Passage
Pending

Bill progress

Step 2 of 7

In committee · Governmental Employees

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Who cares

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Sponsors

Primary sponsor
Jane Corwin

Assembly Member · Assembly District 142

No co-sponsors yet.

History

  1. Held for consideration in governmental employees
  2. Referred to governmental employees

Companion bill

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:A9721

Title of bill

An act authorizing Paul J. Kosinski to file for retroactive membership in the New York state and local employees' retirement system with tier 2 status

Purpose

To allow Paul Kosinski to be reclassified as a Tier 2 member of the New York State and Local Employees' retirement system.

Summary of provisions

Section 1 permits Paul Kosinski membership under Tier 2 of the New York State and Local Employees' Retirement System based on his employment which began on November 20, 1974 with the City of Buffalo.

Section 2 states that all the costs associated with the enactment of this legislation shall be assumed by the State of New York.

Justification

For reasons not ascribable to his own negligence, Mr. Kosinski was not offered membership in the New York State and Local Employees' Retirement System upon his initial employment in 1974. This bill would allow Mr. Kosinski, upon written request with the State Comptroller, to be reclassified as a Tier 2 member.

Legislative history

New Bill - 2009

Fiscal implications

If this bill is enacted, it is anticipated that there will be an increase of approximately $1,400 in the annual contributions of New York State for the fiscal year ending March 21, 2011.

In addition to the annual contributions discussed above, there will be an immediate past service cost of approximately $54,000 which would be borne by New York State as a one-time payment. This estimate is based on the assumption that payment will be made on March 31, 2011.

Local fiscal implications

To be determined.

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.