Relates to changes of membership eligibility in a New York state retirement system.
Summary
Bill A03357 proposes amendments to the education law and the retirement and social security law in New York, specifically concerning the process of changing membership eligibility in the state's retirement systems. The bill mandates that both the member and their employer must sign a written statement acknowledging the change in eligibility or service credit accrual due to a change in title or employment responsibilities. This statement must be filed with the appropriate retirement board or the office of the comptroller within thirty days to formalize the change.
Impact
If enacted, this bill will create a formalized process for members of New York's retirement systems to acknowledge changes in their membership status. This will likely enhance transparency and accountability in the management of retirement benefits, ensuring that both members and employers are aware of the implications of employment changes on retirement eligibility and service credits. It will also require employers to take proactive steps in filing necessary documentation, potentially affecting administrative processes within organizations.
Sentiment
The sentiment surrounding Bill A03357 appears to be neutral, as there have been no recorded votes or significant committee discussions available to indicate strong support or opposition. The bill seems to address a procedural aspect of retirement eligibility without introducing controversial changes to benefits or funding.
Contention
There are no notable points of contention reported in the discussions or voting history regarding this bill. The lack of recorded votes or committee discussions suggests that it has not yet sparked significant debate among legislators or stakeholders.
School aid: membership; requirements concerning counting pupils in membership; modify for pupils enrolled in certain work-based learning experiences. Amends secs. 6 & 11 of 1979 PA 94 (MCL 388.1606 & 388.1611) & adds sec. 61e.
School aid: membership; requirements concerning counting pupils in membership; modify for pupils enrolled in certain work-based learning experiences. Amend secs. 6 & 11 of 1979 PA 94 (MCL 388.1606 & 388.1611) & adds sec. 61e.
Exempts the Cody Volunteer Fire Department, Inc. within the town of Granby, Oswego county, from the requirement that the percentage of non-resident fire department members not exceed forty-five percent of the membership.
Exempts the East Concord Fire Department, Inc. from the requirement that the percentage of non-resident fire department members not exceed forty-five percent of the membership.
Exempts the Cody Volunteer Fire Department, Inc. within the town of Granby, Oswego county, from the requirement that the percentage of non-resident fire department members not exceed forty-five percent of the membership.