Bill > A07785

This bill allows Christine Hasseler, a retired Tier 1 member of the New York State Teachers' Retirement System (NYSTRS) who joined the system on September 1, 1970 and retired on August 12, 2004, to apply for a recalculation of her retirement benefits. Specifically, the bill permits her to have her final average salary and pension benefit recalculated to include retirement incentive payments that she did not receive by the original deadline, through no fault of her own. The increase in her pension benefit will be retroactive to her original retirement date. All costs associated with implementing this recalculation will be borne by the employers of NYSTRS members. The fiscal note estimates the cost of this benefit adjustment to be $66,000, and the bill is designed to take effect immediately, providing Hasseler with a retroactive adjustment to her pension payments based on the previously missed retirement incentive payments.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A7785