New York Assembly Bill A08357

New York 2025-2026 Regular Session

• Introduced: 5/13/25
• Refer: 5/13/25

Caption

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

Impact

The potential financial implications of this bill are noteworthy. If enacted, it is estimated that the state of New York would incur an increase in annual contributions of approximately $14,000 starting from the fiscal year ending March 31, 2026. Additionally, there will be a one-time cost of about $3,210 associated with covering the past service costs for Joshua Kaye’s retroactive membership. This can be significant for the state budget, reflecting the ongoing costs of retirement systems and the fiscal responsibilities they entail.

Summary

Bill A08357 proposes to authorize Joshua Kaye to receive retroactive membership in the New York State and Local Police and Fire Retirement System. This would allow him to be recognized in the system retroactively from the date of his employment on April 7, 2003, despite not having enrolled at that time due to factors not attributable to his negligence. The bill is intended to ensure that he receives the benefits associated with Tier II status under the retirement system, which has implications for his future pension benefits and retirement security.

Contention

While the bill appears straightforward, it may raise discussions about the broader implications of granting retroactive benefits and their effects on state resources. Supporters could argue that ensuring public employees receive rightful benefits is essential for fairness and motivation, whereas critics may express concerns about the precedence set by such retroactive authorizations, worrying it could lead to increased calls for similar measures from other public employees. Addressing these concerns will be crucial during legislative discussions surrounding A08357.