Grants retroactive tier IV membership in the New York state and local employees' retirement system to Joshua David Olsen.

This bill grants Joshua David Olsen, currently a tier VI member, retroactive tier IV membership in the New York state and local employees' retirement system. Olsen, employed by the NYS office for people with developmental disabilities, failed to join the retirement system in 1999 or 2002 due to reasons not attributable to his negligence. The state will bear a one-time past service cost of $78,000 and an annual contribution increase of $14,000 starting in FYE 2027. There will be no refund of Olsen's contributions.

Grants retroactive tier IV membership in the New York state and local employees' retirement system to Joshua David Olsen.

This bill grants Joshua David Olsen, currently a tier VI member, retroactive tier IV membership in the New York state and local employees' retirement system. Olsen, employed by the NYS office for people with developmental disabilities, failed to join the retirement system in 1999 or 2002 due to reasons not attributable to his negligence. The state will bear a one-time past service cost of $78,000 and an annual contribution increase of $14,000 starting in FYE 2027. There will be no refund of Olsen's contributions.