Grants Karen Schieber retroactive membership in the New York state teachers' retirement system.
This bill grants Karen Schieber retroactive membership in the New York state teachers' retirement system, reclassifying her as a Tier 4 member from July 16, 1996. She must file a written request with the head of the New York state teachers' retirement system within one year of the bill's effective date. There will be no refund of member contributions. The cost of this benefit is estimated to be $42,800, borne by the employers of members of the New York State Teachers' Retirement System.
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