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History
- Referred to civil service and pensions
Companion bill
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Authorizes Holly K. Warner to receive Tier 1 status in the New York state and local employees' retirement system
In Assembly Committee · Governmental Employees · Sponsor George Amedore
Full text
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Sponsor's memo
BILL NUMBER:S6337
Title of bill
An act to authorize Holly K. Warner Tier I status in the New York state and local employees' retirement system
Summary of specific provisions
Authorizes Holly K. Warner Tier I status in the New York State and Local Employees' Retirement System.
Justification
Holly K. Warner first became eligible to join a public retirement system when she began working for the State of New York on July 2, 1970. However, she was not afforded the opportunity to join the system. Ms. Warner left and rejoined State employment permanently in June, 1983. She has since been unable to be Tier-reinstated. This bill would allow Ms. Warner to be deemed to have become a member of the New York State and Local Employees' Retirement system as of July 2, 1970.
Fiscal implications
This bill would grant Tier I status in the New York State and Local Employees' Retirement System to Holly K. Warner by changing her date of membership to July 2, 1970. All past employee contributions will be refunded.
If this bill is enacted, we anticipate that there will be an increase of approximately $7,000 in the annual contributions of the State of New York for the fiscal year ending March 31, 2013.
In addition to the annual contributions discussed above, there will be an immediate past service cost of approximately $130,000 which would be borne by the State of New York as a one-time payment. This estimate is based on the assumption that payment will be made on March 1, 2013.
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.