Grants retroactive tier IV membership in the New York City Employees' Retirement System to Ryan D. O'Connor.

This bill allows Ryan D. O'Connor to apply for retroactive membership in the New York City Employees' Retirement System (NYCERS) as a Tier 4 member, starting from January 19, 2012. Currently a Tier 6 member, O'Connor would benefit from earlier retirement eligibility and lower prospective employee contributions. The bill specifies that no past contributions will be refunded, and the city of New York will bear all past service costs. The change will not affect O'Connor's current employment with the Metropolitan Transportation Authority Metro-North Railroad.

Grants retroactive tier IV membership in the New York City Employees' Retirement System to Ryan D. O'Connor.

This bill allows Ryan D. O'Connor to apply for retroactive membership in the New York City Employees' Retirement System (NYCERS) as a Tier 4 member, starting from January 19, 2012. Currently a Tier 6 member, O'Connor would benefit from earlier retirement eligibility and lower prospective employee contributions. The bill specifies that no past contributions will be refunded, and the city of New York will bear all past service costs. The change will not affect O'Connor's current employment with the Metropolitan Transportation Authority Metro-North Railroad.