New York policy
A11516: Relates to the definition of additional member contributions and basic member contributions for certain retirement system members to allow such contributions to be used as offsets
NY Assembly · Sponsor Stacey Pheffer Amato
- Jurisdiction
- New York State
- Applies to
- New York State (proposed)
- Effective
- May 28, 2026
What it requires
Modifies the definition of additional member contributions and basic member contributions for certain New York city employees' retirement system members who are subject to the twenty-five year retirement program for fire protection inspector members under Article 15 of the retirement and social security law, to allow such additional member contributions to be used to offset a deficit of basic member contributions, or to allow an excess of basic member contributions to offset a deficit of additional member contributions.
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