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

This bill grants retroactive tier IV membership in the New York state and local employees' retirement system to Joshua David Olsen, a current tier VI member employed by the New York state office for people with developmental disabilities. The change in membership status will be effective as of January 1, 1999. The state will bear all past service costs, estimated at $78,000, with no refund of member contributions. The state's annual contributions will increase by $14,000 starting in fiscal year 2027, with costs varying based on changes in billing rates and Olsen's salary.

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

This bill grants retroactive tier IV membership in the New York state and local employees' retirement system to Joshua David Olsen, a current tier VI member employed by the New York state office for people with developmental disabilities. The change in membership status will be effective as of January 1, 1999. The state will bear all past service costs, estimated at $78,000, with no refund of member contributions. The state's annual contributions will increase by $14,000 starting in fiscal year 2027, with costs varying based on changes in billing rates and Olsen's salary.