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A06687 Summary:

BILL NO    A06687 

SAME AS    SAME AS S04662

SPONSOR    Lifton

COSPNSR    

MLTSPNSR   



Authorizes the city of Ithaca, in the county of Tompkins to offer an optional
twenty year retirement plan to firefighter James Crowley.
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A06687 Actions:

BILL NO    A06687 

04/12/2013 referred to governmental employees
06/04/2013 reported referred to ways and means
06/05/2013 reported referred to rules
06/10/2013 reported 
06/10/2013 rules report cal.136
06/10/2013 ordered to third reading rules cal.136
06/12/2013 home rule request
06/12/2013 passed assembly
06/12/2013 delivered to senate
06/12/2013 REFERRED TO CIVIL SERVICE AND PENSIONS
06/13/2013 SUBSTITUTED FOR S4662
06/13/2013 3RD READING CAL.1350
06/13/2013 HOME RULE REQUEST
06/13/2013 PASSED SENATE
06/13/2013 RETURNED TO ASSEMBLY
07/19/2013 delivered to governor
07/31/2013 signed chap.206
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A06687 Votes:

A06687 06/12/2013 137/3
AbbateYColtonYGarbariYKearnsYMillmanYRiveraERStevensER
AbinantYCookYGibsonYKellnerERMontesaYRobertsYStirpeY
ArroyoYCorwinYGiglioYKimYMorelleYRobinsoERSweeneyY
AubryYCrespoYGjonajYKolbYMosleyYRodriguERTediscoY
BarclayYCrouchYGlickYLalorYMoyaYRosaYTenneyY
BarrettYCurranYGoldfedYLavineYNojayYRosenthYThieleY
BarronABCusickYGoodellYLentolYNolanYRozicYTitoneY
BenedetYCymbrowYGottfriYLiftonYOaksYRussellYTitusY
BlankenYDenDekkYGrafYLopezYO'DonneYRyanYWalterY
BorelliYDinowitYGuntherYLupardoYOrtizYSaladinYWeinsteY
BoylandABDiPietrYHawleyYLupinacYOtisYSantabaYWeisenbY
BraunstYDupreyYHeastieYMageeYPalmesaYScarborYWeprinY
BrennanYEnglebrYHennessNOMagnareYPaulinYSchimelYWrightY
BrindisYEspinalYHevesiYMaiselYPeoplesYSchimmiYZebrowsY
BronsonYFahyYHikindYMalliotYPerryYSepulveYMr SpkrY
Brook-KYFarrellYHooperYMarkeyYPretlowYSimanowY
BuchwalYFinchYJacobsYMayerYQuartYSimotasY
ButlerYFitzpatNOJaffeeYMcDonalYRaYSkartadY
CahillYFriendYJohnsYMcDonouYRabbittYSkoufisY
CamaraYGabryszYJordanYMcKevitYRaiaYSolagesNO
CerettoYGalefYKatzYMcLaughYRamosYStecY
ClarkYGanttYKavanagYMillerYReilichYSteckY

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A06687 Memo:

BILL NUMBER:A6687

TITLE OF BILL:  An act to authorize the city of Ithaca, in the county
of Tompkins to offer an optional twenty year retirement plan to
firefighter James Crowley

PURPOSE:

To authorize City of Ithaca firefighter James Crowley to enroll in the
optional twenty-year service retirement plan under section 384-d of
the Retirement and Social Security Law.

SUMMARY OF PROVISIONS:

The bill allows current City of Ithaca firefighter James Crowley to
enroll in the section 384-d optional twenty-year service retirement
plan, who, for reasons not ascribable to his own negligence, failed to
make a timely application to participate in the plan at the time of
filing.

EXISTING LAW:

None.

JUSTIFICATION:

To correct a paperwork error and enable City of Ithaca firefighter
James Crowley to enroll in the NYS twenty-year service retirement
plan.

LEGISLATIVE HISTORY:

None.

FISCAL IMPLICATIONS:

None.

EFFECTIVE DATE:

Immediately.
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A06687 Text:

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________

                                         6687

                              2013-2014 Regular Sessions

                                 I N  A S S E M B L Y

                                    April 12, 2013
                                      ___________

       Introduced by M. of A. LIFTON -- read once and referred to the Committee
         on Governmental Employees

       AN  ACT  to  authorize  the city of Ithaca, in the county of Tompkins to
         offer an optional twenty year retirement  plan  to  firefighter  James
         Crowley

         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:

    1    Section 1.  Notwithstanding any other provision of law to the  contra-
    2  ry,  the  city  of  Ithaca,  in  the county of Tompkins, a participating
    3  employer in the New York state and  local  police  and  fire  retirement
    4  system,  which  previously  elected  to  offer  the optional twenty year
    5  retirement plan, established pursuant to section 384-d of the retirement
    6  and social security law, to firefighters employed by such city, is here-
    7  by authorized to make participation in  such  plan  available  to  James
    8  Crowley,  a firefighter employed by the city of Ithaca, who, for reasons
    9  not ascribable to his own negligence, failed to make a  timely  applica-
   10  tion  to  participate  in such optional twenty year retirement plan. The
   11  city of Ithaca may so elect by filing with the state comptroller, on  or
   12  before  December  31,  2014, a resolution of its common council together
   13  with certification that  such  firefighter  did  not  bar  himself  from
   14  participation in such retirement plan as a result of his own negligence.
   15  Thereafter,  such  firefighter may elect to be covered by the provisions
   16  of section 384-d of the retirement and social security law, and shall be
   17  entitled to the full rights and benefits associated with coverage  under
   18  such  section,  by  filing a request to that effect with the state comp-
   19  troller on or before June 30, 2015.
   20    S  2.  All  past  service  costs  associated  with  implementing   the
   21  provisions of this act shall be borne by the city of Ithaca.
   22    S 3. This act shall take effect immediately.
         FISCAL NOTE.--Pursuant to Legislative Law, Section 50:

        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD09966-03-3
       A. 6687                             2

         This  bill  will  allow the City of Ithaca to reopen the provisions of
       Section 384-d of the Retirement and Social Security Law for  firefighter
       James M. Crowley.
         If this legislation is enacted during the 2013 legislative session, we
       anticipate that there will be an increase of approximately $6,400 in the
       annual  contributions  of  the City of Ithaca for the fiscal year ending
       March 31, 2014.
         In addition to the annual contributions discussed above, there will be
       an immediate past service cost of approximately $93,100, which would  be
       borne  by  the  City  of  Ithaca as a one-time payment. This estimate is
       based on the assumption that payment will be made on February 1, 2014.
         Summary of relevant resources:
         Data: March 31, 2012 Actuarial Year End  File  with  distributions  of
       membership  and  other  statistics  displayed  in the 2012 Report of the
       Actuary and 2012 Comprehensive Annual Financial Report.
         Assumptions and Methods: 2010, 2011 and  2012  Annual  Report  to  the
       Comptroller on Actuarial Assumptions, Codes Rules and Regulations of the
       State of New York: Audit and Control.
         Market  Assets and GASB Disclosures: March 31, 2012 New York State and
       Local Retirement System Financial Statements and Supplementary  Informa-
       tion.
         Valuations  of Benefit Liabilities and Actuarial Assets: summarized in
       the 2012 Actuarial Valuations report.
         I am a member of the American Academy of Actuaries and meet the Quali-
       fication Standards to render the actuarial opinion contained herein.
         This estimate, dated March 28, 2013 and intended for use  only  during
       the  2013  Legislative  Session, is Fiscal No. 2013-110, prepared by the
       Actuary for the New York State and Local Employees' Retirement System.
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