Establishes a commission to reform tier V and tier VI membership status in the New York state and local employees' retirement system.

The bill proposes the creation of a commission tasked with reforming the membership status for tier V and tier VI employees in the New York state and local employees' retirement system. This means the commission would look into how these tiers are structured and suggest changes to improve the retirement benefits for these workers.

Supporters of the bill would highlight the need for a thorough review of the retirement system to ensure that employees receive fair and adequate benefits. They may argue that reforming tier V and tier VI will help attract and retain quality workers in public service roles.

Critics might express concerns that the bill could lead to increased costs for the state or local governments, potentially burdening taxpayers. They may also argue that the proposed reforms could undermine the stability of the retirement system for current employees.