Relates to granting retroactive Tier IV membership in the New York state and local employees' retirement system for Maureen Sullivan Nasca.
Summary
Bill S04450 seeks to grant retroactive Tier IV membership in the New York State and Local Employees' Retirement System to Maureen Sullivan Nasca, who was employed full-time at the Roswell Park Comprehensive Cancer Center from December 7, 1995, to December 22, 2013. Due to circumstances beyond her control, she did not become a member of the retirement system during her employment. If enacted, the bill allows her to be considered a member from December 7, 1995, provided she files a written request within one year of the bill's effective date. The bill also stipulates that no contributions made by her will be refunded.
Impact
If passed, the bill will result in an increase of approximately $68,000 in annual contributions from the Erie County Medical Center for the fiscal year ending March 31, 2026. Additionally, the state of New York will incur a one-time past service cost of approximately $1.74 million to cover the retroactive membership. This financial impact will affect the state's budget and the retirement system's funding.
Sentiment
The sentiment surrounding Bill S04450 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 specific situation without broader implications for state policy.
Contention
There are no notable points of contention reported in the discussions or voting history regarding this bill. The specific nature of the bill, focusing on an individual case, may limit the scope for broader debate or disagreement among legislators.