Relates to the transfer of reserves between public employee retirement systems of the state

This bill (S 8140) allows public employees, particularly police officers, to transfer membership between specific New York state and local retirement systems. It directly affects employees moving between jobs - like MTA police officers switching to city or state police systems - by streamlining transfers. Key provisions remove reserve transfer requirements for members with under ten years of service, while still requiring reserves for transfers involving ten or more years of service. The bill also clarifies eligible systems, including the MTA police retirement program, New York City police/fire systems, and state employee retirement systems.