New York S 9993: Grants retroactive tier IV membership in the New York state and local employees' retirement system to Joshua David Olsen

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S09993 Summary:

BILL NOS09993 

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SAME ASSAME AS A11551

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SPONSORFAHY

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COSPNSR

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MLTSPNSR

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Grants retroactive tier IV membership in the New York state and local employees' retirement system to Joshua David Olsen, a current tier VI member who is employed by the NYS office for people with developmental disabilities.

Go to top S09993 Actions:

BILL NOS09993 

&nbsp

04/21/2026REFERRED TO CIVIL SERVICE AND PENSIONS

Go to topS09993 Committee&nbspVotes:

Go to topS09993 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS09993 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9993

 IN SENATE

 April 21, 2026
 ___________

 Introduced by Sen. FAHY -- read twice and ordered printed, and when
 printed to be committed to the Committee on Civil Service and Pensions

 AN ACT granting retroactive tier IV membership in the New York state and
 local employees' retirement system to Joshua David Olsen

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Notwithstanding any other provision of law, Joshua David
 2 Olsen, who is a member of the New York state and local employees'
 3 retirement system with tier VI status, and who, from January 1, 1999
 4 through December 31, 2001, and January 1, 2002 through May 21, 2003 was
 5 employed part-time with the Schenectady city school district and SUNY
 6 Albany, respectively, and who, since 2015 has been employed as a full-
 7 time attorney by the New York state office for people with developmental
 8 disabilities, and who, for reasons not ascribable to his own negligence,
 9 failed to become a member of the New York state and local employees'
 10 retirement system or the New York state teachers' retirement system in
 11 1999 or 2002, shall be deemed to have joined such retirement system in
 12 January 1, 1999, if he shall file an application therefor with the state
 13 comptroller within one year of the effective date of this act. Upon
 14 receipt of such application, Joshua David Olsen shall be granted tier IV
 15 status in the New York state and local employees' retirement system and
 16 shall be eligible for all the rights and benefits thereof.
 17 § 2. All past service costs associated with implementing the
 18 provisions of this act shall be borne by the state of New York, and
 19 there shall be no refund of the members contributions to Joshua David
 20 Olsen.
 21 § 3. This act shall take effect immediately.
 FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
 This bill would grant Tier 4 status in the New York State and Local
 Employees' Retirement System (NYSLERS) to Joshua David Olsen, a current
 Tier 6 member employed by the New York state office for people with
 developmental disabilities, by changing their date of membership to
 January 1, 1999, their date of first employment with the Schenectady
 city school district.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14458-04-6

 S. 9993 2

 There will be no refund of member contributions.
 We estimate that the state of New York's annual contributions will
 increase $14,000 beginning FYE 2027. Annual costs will vary as the bill-
 ing rates and salary of Joshua David Olsen change.
 In addition, there will be an immediate past service cost of $78,000
 borne by the state of New York as a one-time payment. This cost assumes
 that payment will be made on March 1, 2027.
 Summary of relevant resources:
 Membership data as of March 31, 2025 was used to measure the impact of
 the bill, the same data used in the Actuarial Valuations dated April 1,
 2025. Distributions and other statistics can be found in the 2025 Report
 of the Actuary and the 2025 Annual Comprehensive Financial Report. The
 actuarial assumptions and methods used are described in the 2025 Annual
 Report to the Comptroller on Actuarial Assumptions, and the Codes, Rules
 and Regulations of the State of New York: Audit and Control. The fair
 value of assets and GASB disclosures can be found in the 2025 Financial
 Statements and Supplementary Information.
 Assumptions, demographics, and other considerations may have been
 modified to better reflect specific provisions