Establishes a temporary commission to reform tier V and tier VI membership status in the New York state and local employees' retirement system.

The bill establishes a temporary state commission to reform and improve tier V and tier VI status in the New York state and local employees' retirement system. The commission will consist of nine members appointed by various state officials. It will have the authority to request resources and data from state agencies, hold public hearings, and submit a final report to the governor and legislative leaders. The commission will expire one year after the effective date of the act.

Establishes a temporary commission to reform tier V and tier VI membership status in the New York state and local employees' retirement system.

The bill establishes a temporary state commission to reform and improve tier V and tier VI status in the New York state and local employees' retirement system. The commission will consist of nine members appointed by various state officials. It will have the authority to request resources and data from state agencies, hold public hearings, and submit a final report to the governor and legislative leaders. The commission will expire one year after the effective date of the act.