Bill > A07838

This bill provides retroactive membership and Tier 1 status in the New York state teachers' retirement system to James J. DeMarco, who was a seasonal employee with the New York Power Authority starting on July 17, 1969. Currently a retired member of the teachers' retirement system, DeMarco did not initially become a member of the state and local employees' retirement system when he first began working, through no fault of his own. The bill allows him to be deemed a member of the retirement system as of his original employment date and grants him Tier 1 status, which typically provides more favorable retirement benefits compared to later tiers. To take advantage of this provision, DeMarco must file an application with the head of the New York state teachers' retirement system within one year of the bill's effective date. The fiscal note indicates that this change would result in a cost of approximately $95,900, which would be borne by the employers of members in the retirement system, and would involve recalculating DeMarco's pension with retroactive adjustments to payments since his retirement on December 7, 2007.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A7838