S 4324 New York Senate · 2025 Regular Session

Grants retroactive tier IV membership in the New York state and local employees' retirement system to Kenneth Panaro

This bill grants Kenneth Panaro retroactive Tier IV membership in New York's state and local employees' retirement system, effective from June 25, 2007 - the date he began working for the town of Hempstead. It requires Panaro to file an application within one year of the bill's effective date, and the town of Hempstead will cover all associated costs. The bill does not allow Panaro to receive refunds for past retirement contributions he made.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 4, 2025 Last action May 28, 2026

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What changed between versions

S4324 → S4324A · 4 edits

MODERATE

The bill was amended to update its fiscal impact estimates and procedural status, reflecting a shift from the 2025 to the 2026 legislative session. The most significant change is the increase in the estimated one-time cost to the Town of Hempstead from $83,300 to $123,000, along with an updated annual contribution increase of $3,500. The effective date for these costs was also adjusted from February 1, 2026, to February 1, 2027, aligning with the new fiscal year projections.

Scope change

The scope of the bill's financial impact was updated to reflect current actuarial data from 2025 rather than 2024, resulting in higher estimated costs for the employer.

FISCAL

The estimated one-time past service cost increased from $83,300 to $123,000, and the annual contribution increase rose from $3,100 to $3,500.

TIMELINE

The estimated payment date for the one-time cost was moved from February 1, 2026, to February 1, 2027.

TECHNICAL

Fiscal notes and actuarial data were updated to reflect the 2026 legislative session and 2025 membership data instead of the previous 2025 session and 2024 data.

REQUIREMENT

The bill was formally recommitted to the Committee on Civil Service and Pensions in accordance with Senate Rule 6, section 8.

Floor votes

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 28, 2026

Upper · Passed

PRINT NUMBER 4324A

upper

May 28, 2026

Upper · Passed

AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS

upper

Jan 7, 2026

Committee

REFERRED TO CIVIL SERVICE AND PENSIONS

upper

Feb 4, 2025

Committee

REFERRED TO CIVIL SERVICE AND PENSIONS

upper

1 primary · 0 co-sponsors