New York S 6855: Grants retroactive membership in the New York state and local employees' retirement system to Michael Posillico

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
S06855 Summary:

BILL NOS06855B

&nbsp

SAME ASSAME AS A08170-B

&nbsp

SPONSORPALUMBO

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

&nbsp

Grants retroactive membership in the New York state and local employees' retirement system to Michael Posillico.

Go to top S06855 Actions:

BILL NOS06855B

&nbsp

03/25/2025REFERRED TO CIVIL SERVICE AND PENSIONS

01/07/2026REFERRED TO CIVIL SERVICE AND PENSIONS

02/06/2026AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS

02/06/2026PRINT NUMBER 6855A

06/02/2026AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS

06/02/2026PRINT NUMBER 6855B

Go to topS06855 Committee&nbspVotes:

Go to topS06855 Floor&nbspVotes:

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

Go to topS06855 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6855--B

 2025-2026 Regular Sessions

 IN SENATE

 March 25, 2025
 ___________

 Introduced by Sen. PALUMBO -- read twice and ordered printed, and when
 printed to be committed to the Committee on Civil Service and Pensions
 -- recommitted to the Committee on Civil Service and Pensions in
 accordance with Senate Rule 6, sec. 8 -- committee discharged, bill
 amended, ordered reprinted as amended and recommitted to said commit-
 tee -- committee discharged, bill amended, ordered reprinted as
 amended and recommitted to said committee

 AN ACT granting retroactive membership in the New York state and local
 employees' retirement system to Michael Posillico

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

 1 Section 1. Notwithstanding any other law to the contrary, Michael
 2 Posillico, a member of the New York State and Local Police and Fire
 3 Retirement System, who was employed as a park attendant/dockworker by
 4 the town of Brookhaven as of May 6, 2002, who for reasons not ascribable
 5 to his own negligence, failed to become a member of the New York state
 6 and local employees' retirement system during such employment in the
 7 town of Brookhaven, shall be deemed to have joined the New York state
 8 and local employees' retirement system on May 6, 2002, and shall be
 9 granted Tier IV status in such retirement system, if, within one year of
 10 the effective date of this act, he shall file a written request with the
 11 state comptroller.
 12 § 2. All past service costs of implementing the provisions of this act
 13 shall be borne by the county of Suffolk.
 14 § 3. This act shall take effect immediately.
 FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
 This bill would provide Michael Posillico with a date of membership of
 May 6, 2002, resulting in Tier 2 status in the New York State and Local
 Police and Fire Retirement System. Michael Posillico is currently a Tier
 5 member employed by Suffolk county.
 Member contributions will be refunded.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD10726-08-6

 S. 6855--B 2

 We estimate that Suffolk County's annual contributions will increase
 $10,000 beginning FYE 2027. Annual costs will vary as the billing rates
 and salary of Michael Posillico change.
 In addition, there will be an immediate past service cost of $64,100
 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 of any proposed benefit
 change(s).
 This fiscal note does not constitute a legal opinion on the viability
 of the bill, nor is it intended to serve as a substitute for the profes-
 sional j