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S 8516

Grants retroactive tier IV membership in the New York state and local employees' retirement system to Richard J. Vogt, III

2025 Regular Session Introduced by Nathalia Fernández

Bill S 8516 grants Richard J. Vogt, III retroactive Tier IV membership in New York's retirement system, enhancing his retirement benefits and setting a potential precedent.

REFERRED TO RULES
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WeVote Research Nonpartisan
Bill Summary · S 8516

Summary of Bill S 8516

Bill Overview

  • Bill Number: S 8516
  • Title: Grants retroactive tier IV membership in the New York state and local employees' retirement system to Richard J. Vogt, III
  • Status: Referred to Rules
  • Introduced On: September 29, 2025
  • Classification: Bill

Purpose and Intent

The primary purpose of Bill S 8516 is to grant retroactive Tier IV membership in the New York State and Local Employees' Retirement System to Richard J. Vogt, III. This legislation aims to rectify the retirement classification of Mr. Vogt, ensuring he receives the benefits associated with Tier IV membership, which may include enhanced retirement benefits compared to his current classification.

Key Provisions

  • Retroactive Membership: The bill specifically provides for the retroactive granting of Tier IV membership, which may affect the calculation of retirement benefits and eligibility for retirement.
  • Eligibility Criteria: While the bill focuses on Mr. Vogt, it does not outline specific eligibility criteria for other individuals, as it is tailored to his unique situation.

Impact

  • Individual Impact: Richard J. Vogt, III will benefit from enhanced retirement benefits associated with Tier IV membership, which could include higher pension payouts and better retirement security.
  • Broader Implications: This bill may set a precedent for similar requests from other individuals seeking retroactive adjustments to their retirement classifications.

Legislative Process

  • Current Status: The bill has been referred to the Rules Committee as of September 29, 2025. This indicates that it is in the early stages of the legislative process and will need to be reviewed and potentially amended before it can proceed to a vote.
  • Related Legislation: The bill has a companion bill, A 8622, which may provide additional context or support for the provisions outlined in S 8516.

Conclusion

Bill S 8516 seeks to provide Richard J. Vogt, III with retroactive Tier IV membership in the New York State and Local Employees' Retirement System, potentially enhancing his retirement benefits. As it moves through the legislative process, its implications may extend beyond Mr. Vogt, influencing future retirement classifications for other state employees.

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

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