Bill > S04490

This bill authorizes Christine Hasseler, a former member of the New York State Teachers' Retirement System (NYSTRS) who retired in 2004 as a Tier 1 member, to have her retirement benefits recalculated. Specifically, it allows for her final average salary and pension benefit to be adjusted to include retirement incentive payments from her employer, even if those payments were not received by the original deadline due to reasons not her fault. This recalculation will be retroactive to her retirement date, and any associated costs will be covered by the employers of NYSTRS members, with an estimated cost of $68,000.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/S4490