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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