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A08055 Summary:

BILL NOA08055
 
SAME ASSAME AS S06460
 
SPONSORAbbate
 
COSPNSR
 
MLTSPNSR
 
Amd R & SS L, generally
 
Relates to allowing certain members, upon retirement, to use any basic or additional member contributions to offset any deficits in such other contribution account; relates to the definition of additional member contributions and basic member contributions for certain New York city employees' retirement system members who are subject to certain retirement plans under articles 14 and 15 of the retirement and social security law; allows such additional member contributions to be used to offset a deficit of basic member contributions or to allow an excess of basic member contributions to offset a deficit of additional member contributions upon retirement.
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