Bill > S08167

This bill grants retroactive Tier IV membership in the New York City Teachers' Retirement System (TRS) to certain employees who worked for the Yonkers Parks Department between 2009 and 2014. Specifically, the bill applies to current employees of the New York City Department of Education who, through no fault of their own, did not become members of the New York State and Local Employees' Retirement System during their Yonkers Parks Department employment. These employees can apply for service credit and Tier IV status within one year of the bill's effective date. The change from Tier 6 to Tier 4 is significant because it offers an earlier retirement eligibility, lower employee contribution rates, and a more generous benefit. All past service costs associated with implementing this act will be borne by the City of New York. Based on the fiscal note, the bill appears to impact at least one identified member, with an average age of 37, average service of 8 years, and an average salary of $106,600. The bill will take effect immediately upon passage.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/S8167