Bill > S07958

This bill would grant Ryan D. O'Connor, an employee of the Metropolitan Transportation Authority Metro-North Railroad, a special retroactive membership in the New York City Employees' Retirement System (NYCERS) at Tier IV status. Specifically, the bill allows O'Connor to be considered a member of NYCERS from January 19, 2012, instead of September 10, 2012, when he originally joined, despite being employed by the New York City Transit Authority during that period. To take advantage of this provision, O'Connor must file a written request with NYCERS within one year of the bill's effective date. The bill ensures that no contributions already made to NYCERS will be refunded, and all past service costs associated with implementing this change will be borne by the City of New York. The significance of this change is that it would allow O'Connor to move from a Tier 6 to a Tier 4 membership, which offers more favorable retirement terms, including an earlier retirement eligibility date and potentially lower future contribution rates. The bill appears to be addressing an administrative oversight that occurred when O'Connor first began his employment, providing him with a retroactive adjustment to his retirement system membership.

Budget and Finance, Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/S7958