Bill
S 4324
Bill S 4324 grants Kenneth Panaro retroactive Tier IV membership in New York's retirement system, ensuring he receives enhanced pension benefits for his service.
Bill Number: S 4324
Title: Grants retroactive tier IV membership in the New York state and local employees' retirement system to Kenneth Panaro
Status: Referred to Civil Service and Pensions
Introduced: February 04, 2025
Classification: Bill
Bill S 4324 aims to grant retroactive Tier IV membership in the New York State and Local Employees' Retirement System specifically to an individual named Kenneth Panaro. The intent of this legislation is to rectify or acknowledge a prior oversight regarding Mr. Panaro's retirement benefits, ensuring he receives the appropriate pension tier that corresponds with his service.
Retroactive Membership: The bill proposes to retroactively classify Kenneth Panaro as a Tier IV member of the New York State and Local Employees' Retirement System. This classification typically offers enhanced benefits compared to lower tiers.
Eligibility Criteria: While the bill focuses on Mr. Panaro, it does not specify additional eligibility criteria or conditions for other individuals, indicating that this legislation is tailored to his unique situation.
Affected Individual: The primary beneficiary of this bill is Kenneth Panaro, who will gain access to the benefits associated with Tier IV membership, which may include improved retirement payouts and other pension-related advantages.
Retirement System Implications: Granting retroactive membership could set a precedent for similar cases, potentially affecting how the retirement system addresses membership classifications in the future.
Legislative Action: As of February 4, 2025, the bill has been referred to the Civil Service and Pensions Committee for further consideration. The timeline for subsequent actions, such as hearings or votes, is not specified in the current documentation.
Related Legislation: This bill has a companion bill, A 5465, which may address similar issues or provide additional context regarding Mr. Panaro's situation.
Bill S 4324 seeks to ensure that Kenneth Panaro receives the retirement benefits he is entitled to by granting him retroactive Tier IV membership in the New York State and Local Employees' Retirement System. The bill is currently under review by the appropriate legislative committee, and its progression will determine the final outcome for Mr. Panaro's retirement benefits.
Compiled from official sources — confirm details with the bill’s official record.
Sign in to ask a question.
