Grants retroactive tier II membership in the New York state and local police and fire retirement system to Daniel Rizzo.
Should this bill be enacted, Rizzo would be treated as a member of the retirement system retroactively from his employment start date, enabling him to receive a refund for any contributions made that would not have been required had he been granted Tier II status at the outset. The fiscal impact on the City of Rochester is expected to include an annual contribution increase of approximately $9,100 for the fiscal year ending March 31, 2026, and a one-time payment cost of approximately $56,500 incurred by the State of New York.
Bill A08358 proposes to grant retroactive Tier II membership in the New York State and Local Police and Fire Retirement System to Daniel Rizzo, who was employed by the Monroe County Sheriff's Office. This bill aims to rectify a past oversight where Rizzo did not attain membership upon his initial employment date, October 19, 2009. The measure is designed to ensure that his service is recognized and that he receives appropriate retirement benefits associated with Tier II status under the retirement system.
While the bill primarily addresses the specific case of Daniel Rizzo, discussions may arise regarding the implications of granting similar retroactive membership benefits to other individuals in comparable situations. Stakeholders may debate the fairness of such provisions and consider the precedents they set for the retirement system, which could potentially result in increased costs for municipalities and the state at large.