New York Assembly Bill 11516: Relates to the definition of additional member contributions and basic member contributions for certain retirement system members to allow such contributions to be used as offsets

New York · 2025-2026 session

Status: In committee

What it does

Modifies the definition of additional member contributions and basic member contributions for certain New York city employees' retirement system members who are subject to the twenty-five year retirement program for fire protection inspector members under Article 15 of the retirement and social security law, to allow such additional member contributions to be used to offset a deficit of basic member contributions, or to allow an excess of basic member contributions to offset a deficit of additional member contributions.

Latest action

REFERRED TO GOVERNMENTAL EMPLOYEES (2026-05-28)

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