Authorizes Joshua Kaye to receive certain retroactive membership in the New York state and local police and fire retirement system

2025 Regular Session Introduced by Dave McDonough

Authorizes retroactive membership for Joshua Kaye in New York State and Local Police and Fire Retirement System, enabling past service credit and potential pension rights.

REFERRED TO GOVERNMENTAL EMPLOYEES

Bill Overview: A 8357

Title: Authorizes Joshua Kaye to receive certain retroactive membership in the New York state and local police and fire retirement system

Status: REFERRED TO GOVERNMENTAL EMPLOYEES

Introduced: May 13, 2025

Sponsor: David McDonough (primary)

Companion: Senate S 7803 (S 7803 listed as the Senate companion)

Purpose and Intent

The bill would authorize retroactive membership for an individual (Joshua Kaye) in the New York State and Local Police and Fire Retirement System. In practical terms, this means recognizing past service for eligibility purposes and potential entitlement to retirement system benefits tied to that service. The specific terms, eligibility window, and conditions for retroactive membership would be defined in the bill’s text.

Key Provisions

Authorizes retroactive membership for Joshua Kaye in the NY State and Local Police and Fire Retirement System.

The bill would establish the conditions under which retroactive service credit is granted, including any required contributions or administrative steps.

Administrative and actuarial implications would be addressed by the retirement system as part of implementing retroactive membership (subject to the bill’s provisions).

Note: The exact statutory language detailing service credit amounts, qualifying dates, contribution requirements, and benefit calculations is not provided in the summary available here.

Affected Parties

Primary beneficiary: Joshua Kaye, who would receive recognition of retroactive membership and potential associated pension rights.

New York State and Local Police and Fire Retirement System and its administering authorities, which would implement and manage retroactive membership.

Other system members could be indirectly affected through actuarial and funding considerations.

Procedural and Timeline Context

Introduced and referred to the Assembly Committee on Governmental Employees on May 13, 2025.

The status indicates the bill is in the committee stage; further actions would include committee consideration, potential amendments, and floor votes in the Assembly.

Senate companion: S 7803 indicates cross-chamber consideration if the bill progresses.

Fiscal and Administrative Considerations

The summary does not provide specific fiscal impact numbers. Retroactive service credit can have funding implications for the retirement system, including potential changes in liabilities, employer and/or employee contributions, and required actuarial adjustments.

A formal fiscal impact analysis would typically accompany movement of the bill to assess funding effects and long-term sustainability.

Next Steps

If advanced, the bill would proceed through committee hearings and votes in the Assembly, then potentially move to the Senate as a companion bill (S 7803) for consideration.

Final enactment would require passage by both chambers and signature by the governor.

This summary focuses on the substantive purpose and likely implications based on the bill’s stated objective to authorize retroactive membership for an individual in the NY police and fire retirement system.