Bill > A08123

This bill enables Brian Studley, a police officer at SUNY Fredonia, to retroactively transition his pension from the New York State and Local Employees' Retirement System to the New York State and Local Police and Fire Retirement System, effective December 19, 2015. Specifically, the bill allows Studley to apply for membership in the police and fire retirement system within one year of the act's effective date, provided he can certify that he is not barred from participation due to his own negligence. The bill stipulates that any employee contributions Studley previously made to the employees' retirement system will not be returned to him but instead will be used to offset past service costs. The State of New York will bear all past service costs associated with this transition, which are estimated at approximately $76,200, with an anticipated increase of about $18,000 in annual contributions for the fiscal year ending March 31, 2026. The bill includes a provision for the transition to take effect immediately and is specifically tailored to Studley's unique situation of missing an earlier opportunity to transfer retirement systems.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A8123