Authorizes Aileen Monahan to transfer service credit from NYSLRS to NYSTRS.

This bill allows Aileen Monahan, a retiree of the New York State Teachers' Retirement System (NYSTRS), to transfer 2.3 years of service credit from the New York State and Local Employees' Retirement System (NYSLERS) to NYSTRS. The pension benefit will be recalculated to include the transferred service credit, payable retroactively to her retirement date. All costs associated with this transfer are to be borne by NYSTRS. The act takes effect immediately upon enactment.

Authorizes Aileen Monahan to transfer service credit from NYSLRS to NYSTRS.

This bill allows Aileen Monahan, a retiree of the New York State Teachers' Retirement System (NYSTRS), to transfer 2.3 years of service credit from the New York State and Local Employees' Retirement System (NYSLERS) to NYSTRS. The pension benefit will be recalculated to include the transferred service credit, payable retroactively to her retirement date. All costs associated with this transfer are to be borne by NYSTRS. The act takes effect immediately upon enactment.