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A 8622

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 Michael Benedetto

Grants retroactive Tier IV membership in NYSERS to Richard J. Vogt, III, affecting his past and future pension calculations and potentially the system's actuarial costs.

REFERRED TO GOVERNMENTAL EMPLOYEES
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Bill Summary · A 8622

Summary of New York Assembly Bill A 8622

Overview

Bill A 8622 would grant retroactive Tier IV membership in the New York State and Local Employees' Retirement System (NYSERS) to an individual named Richard J. Vogt, III. The primary stated purpose is to reclassify Vogt’s status within the retirement system to Tier IV for past periods.

  • Bill number: A 8622
  • Title: Grants retroactive tier IV membership in the New York state and local employees' retirement system to Richard J. Vogt, III
  • Sponsor (primary): Michael Benedetto
  • Companion (Senate): S 8516
  • Status: Referred to Governmental Employees
  • Introduced: May 22, 2025
  • Legislative actions: Referred to Governmental Employees on 2025-05-22 (listed twice)

What the bill would do

  • Designate Richard J. Vogt, III as a retroactive Tier IV member of NYSERS.
  • Implicitly credit Vogt with Tier IV service for past periods covered by the retroactive designation.
  • Likely affect Vogt’s past and future pension calculations under Tier IV formulas and eligibility rules.

Key provisions and changes (as stated)

  • Establishes retroactive Tier IV membership specifically for Richard J. Vogt, III in the NYS and Local Employees' Retirement System.
  • Does not detail additional provisions beyond extending Tier IV status retrospectively to the named individual.

Who/what is affected

  • Primary directly affected: Richard J. Vogt, III (retroactive Tier IV member status in NYSERS).
  • Potential indirect effects: The NYSERS system (funding, cost, and actuarial considerations) and any employer contributions or service credit implications tied to Vogt’s retroactive Tier IV status. Specific fiscal impacts are not quantified in the provided information.

Procedural and timeline aspects

  • Introduced and immediately referred to the Senate/Assembly committee: Governmental Employees.
  • No further legislative actions or vote dates are provided in the available information.
  • Companion bill exists in the Senate (S 8516), indicating parallel consideration.

Legislative context

  • Primary sponsor: Assemblymember Michael Benedetto.
  • Related legislation: Companion Senate bill S 8516 (listed as the companion bill).
  • The bill is at an early stage of the process, pending committee review and potential floor action.

Notes for readers

  • The bill’s core aim is narrowly focused: retroactively granting Tier IV membership to a single named individual. If enacted, it would influence the individual’s retirement benefits and service credit, with potential fiscal implications for NYSERS that would typically require actuarial review or cost analysis as part of committee consideration.

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

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