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Bill

A 6993

Authorizes Anthony A. Fede Tier I status in the New York state and local employees' retirement system

2025 Regular Session Introduced by Michael Durso

Bill A 6993 grants Anthony A. Fede Tier I status in New York's retirement system, ensuring enhanced benefits and favorable terms for his retirement.

REFERRED TO GOVERNMENTAL EMPLOYEES
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Bill Summary · A 6993

Summary of Bill A 6993

Bill Number: A 6993
Title: Authorizes Anthony A. Fede Tier I status in the New York State and Local Employees' Retirement System
Status: Referred to Governmental Employees
Introduced: March 18, 2025
Classification: Bill

Purpose and Intent

Bill A 6993 seeks to grant Tier I status to Anthony A. Fede within the New York State and Local Employees' Retirement System (NYSLERS). This legislation is intended to recognize and formalize Mr. Fede's eligibility for retirement benefits under the Tier I classification, which typically includes more favorable retirement terms compared to higher tiers.

Key Provisions

  • Tier I Status Authorization: The bill specifically authorizes the New York State and Local Employees' Retirement System to classify Anthony A. Fede as a Tier I member. This classification generally allows for:
    • Enhanced retirement benefits
    • Potentially lower contribution rates compared to higher tiers
    • More favorable terms regarding retirement age and service requirements

Affected Parties

  • Anthony A. Fede: The primary individual affected by this bill, who would gain access to the benefits associated with Tier I status.
  • New York State and Local Employees' Retirement System: The agency responsible for implementing the changes in classification and managing the associated benefits.

Procedural Aspects

  • Current Status: As of March 18, 2025, the bill has been referred to the Governmental Employees committee for further consideration. This is a standard procedural step in the legislative process, where the committee will review the bill, hold hearings, and potentially make recommendations for amendments or approval.

Related Bills

This bill is related to prior-session bills that may have addressed similar issues or provided context for the current legislation:
- A 9923
- A 6456
- A 6323

These related bills may offer insights into the legislative history and the ongoing discussions surrounding retirement benefits for state employees.

Conclusion

Bill A 6993 is a focused legislative effort aimed at securing Tier I retirement benefits for Anthony A. Fede within the New York State and Local Employees' Retirement System. The bill's progression through the Governmental Employees committee will determine its future and potential impact on Mr. Fede's retirement status.

Compiled from official sources — confirm details with the bill’s official record.

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