Bill > A08579

This bill provides a specific opportunity for certain employees who worked for the Yonkers Parks Department between 2009 and 2014 to retroactively obtain Tier IV membership in the New York City Teachers' Retirement System (TRS). Specifically, the bill applies to current New York City Department of Education employees who, through no fault of their own, did not originally join the New York State and Local Employees' Retirement System during their Yonkers Parks Department employment. To take advantage of this provision, affected employees must file an application with the TRS within one year of the bill's effective date. The bill allows these employees to receive service credit for their 2009-2014 employment and be granted Tier IV status, which typically offers more favorable retirement terms such as earlier retirement eligibility and lower employee contribution rates. All past service costs associated with implementing this act will be borne by the City of New York. The fiscal note indicates that this change would impact at least one identified member, with potential actuarial and financial implications for the retirement system. The bill takes effect immediately upon passage.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A8579