Grants retroactive Tier 5 status in the New York state and local employees' retirement system to Barbara Juh.
Summary
Bill S06720 proposes to grant Barbara Juh retroactive Tier 5 status in the New York State and Local Employees' Retirement System. This change is applicable to Juh, who was a part-time registered nurse at the Adirondack Correctional Facility from September 16, 2010, to December 16, 2012, and subsequently worked full-time until December 31, 2021. The bill allows her to be recognized as a member of the retirement system with Tier 5 status starting from her initial employment date, provided she files a request within six months of the bill's enactment. It also specifies that she will not receive a refund of any contributions made during her employment.
Impact
If enacted, this bill will amend the current retirement status of Barbara Juh, allowing her to benefit from the more favorable Tier 5 status instead of Tier 6. This change will incur a one-time cost of approximately $17,000, which will be covered by the State of New York. The retroactive adjustment to her retirement benefits will be effective from her original employment date, potentially increasing her retirement payout.
Sentiment
The sentiment surrounding Bill S06720 appears to be neutral, as there have been no recorded votes or significant public opposition or support noted in the discussions. The bill seems to be a straightforward adjustment to rectify Barbara Juh's retirement status without broader implications for other employees or the retirement system.
Contention
There are no notable points of contention reported in the discussions surrounding this bill. Since it addresses a specific individual's retirement status and there are no opposing votes or significant debate recorded, it appears to be largely uncontroversial. However, potential concerns could arise regarding the precedent it sets for similar cases in the future.