Adjusts retirement calculations for Joanne Halverson by including certain 2020-2021 earnings.
This bill adjusts the final average salary retirement calculations for Joanne Halverson, a teacher in the New York state teachers' retirement system, by including certain earnings from the 2020-2021 year. This adjustment is made to account for the significant decrease in her salary and benefits during the Covid-19 pandemic, which negatively impacted her final average salary. The bill specifies that no contributions made to the retirement system will be returned or refunded to Joanne Halverson, and any associated costs will be borne by all participating employers.
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