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News of Otsego County

Katherine Sweeney

Seward Bill Requires NY Retirement System To Own Up To Error

Seward Bill Requires

NY Retirement System

To Own Up To Error

RSCS Teacher Saved From Heavy Hand

ALBANY – State Sen. Jim Seward, R-Milford, today announced passage of state Senate Law 6420, assisting a retired Otsego County teacher who the New York State Teachers Retirement System was forcing to repay nearly $64,000 due to an NYSTRS’ computation error.

The law requires the retirement system to “shoulder the responsibility” for its error, Seward said.   Companion legislation introduced by state Rep. John Salka, R-121st, passed the Assembly.  The law must now be signed by the governor.

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