S05392 Summary:
BILL NO | S05392A |
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SAME AS | SAME AS A07394-A |
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SPONSOR | MAZIARZ |
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COSPNSR | |
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MLTSPNSR | |
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Amd S1000, R & SS L | |
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Provides three years of retirement service credit to certain retirement system members discharged from military service due to injuries suffered during certain military conflicts even if they did not serve three years in the military. |
S05392 Actions:
BILL NO | S05392A | |||||||||||||||||||||||||||||||||||||||||||||||||
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05/16/2011 | REFERRED TO CIVIL SERVICE AND PENSIONS | |||||||||||||||||||||||||||||||||||||||||||||||||
01/04/2012 | REFERRED TO CIVIL SERVICE AND PENSIONS | |||||||||||||||||||||||||||||||||||||||||||||||||
03/26/2012 | AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS | |||||||||||||||||||||||||||||||||||||||||||||||||
03/26/2012 | PRINT NUMBER 5392A |
S05392 Floor Votes:
There are no votes for this bill in this legislative session.
Go to topS05392 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ 5392--A 2011-2012 Regular Sessions IN SENATE May 16, 2011 ___________ Introduced by Sen. MAZIARZ -- read twice and ordered printed, and when printed to be committed to the Committee on Civil Service and Pensions -- recommitted to the Committee on Civil Service and Pensions in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee AN ACT to amend the retirement and social security law, in relation to providing three years of retirement service credit to certain members of public retirement systems of the state honorably discharged from the military for medical reasons due to injuries suffered during certain military conflicts The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 1000 of the retirement and social security law is 2 amended by adding a new subdivision 2-a to read as follows: 3 2-a. A member, upon application to such retirement system, may obtain 4 a total of three years of service credit for less than three years of 5 military duty, as defined in section two hundred forty-three of the 6 military law, if the member was honorably discharged from the military 7 for medical reasons due to injuries suffered during such military duty, 8 if all or part of such services was rendered in the military conflicts 9 referenced below, as follows: 10 (a) commencing December seventh, nineteen hundred forty-one and termi- 11 nating December thirty-first, nineteen hundred forty-six; 12 (b) commencing June twenty-seventh, nineteen hundred fifty and termi- 13 nating January thirty-first, nineteen hundred fifty-five; 14 (c) commencing February twenty-eighth, nineteen hundred sixty-one and 15 terminating May seventh, nineteen hundred seventy-five; 16 (d) hostilities participated in by the military forces of the United 17 States in Lebanon, from the first day of June, nineteen hundred eighty- 18 three to the first day of December, nineteen hundred eighty-seven, as EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD00548-05-2S. 5392--A 2 1 established by receipt of the armed forces expeditionary medal, the navy 2 expeditionary medal, or the marine corps expeditionary medal; 3 (e) hostilities participated in by the military forces of the United 4 States in Grenada, from the twenty-third day of October, nineteen 5 hundred eighty-three to the twenty-first day of November, nineteen 6 hundred eighty-three, as established by receipt of the armed forces 7 expeditionary medal, the navy expeditionary medal, or the marine corps 8 expeditionary medal; 9 (f) hostilities participated in by the military forces of the United 10 States in Panama, from the twentieth day of December, nineteen hundred 11 eighty-nine to the thirty-first day of January, nineteen hundred ninety, 12 as established by receipt of the armed forces expeditionary medal, the 13 navy expeditionary medal, or the marine corps expeditionary medal; or 14 (g) hostilities participated in by the military forces of the United 15 States, from the second day of August, nineteen hundred ninety, to the 16 end of such hostilities in case of a veteran who served in the theater 17 of operations including Iraq, Kuwait, Saudi Arabia, Bahrain, Qatar, the 18 United Arab Emirates, Oman, the Gulf of Aden, the Gulf of Oman, the 19 Persian Gulf, the Red Sea, and the airspace above these locations. 20 § 2. This act shall take effect immediately and shall be deemed to 21 have been in full force and effect on and after December 21, 1998. FISCAL NOTE.--Pursuant to Legislative Law, Section 50: This bill would amend Chapter 548 of the Laws of 2000 to allow certain individuals with less than three (3) years of military duty, who were discharged from the military for medical reasons due to injuries suffered during such military duty, to purchase three (3) years of service credit for military duty. The additional service credit granted pursuant to this legislation, when added to credit granted for military service pursuant to any other provision of law shall not exceed a total of three (3) years. Members must have at least five (5) years of credit- ed service and would be required to make a payment of three (3) percent of current compensation per year of additional service granted by this bill. The exact number of members who could be affected by this legislation cannot be readily determined. In all likelihood, very few members would be affected. Insofar as this bill would affect the New York State and Local Employ- ees' Retirement System and the New York State and Local Police and Fire Retirement System, if it is enacted, there would be an immediate past service cost for each affected member. The amount of this cost would depend on the member's age, current service, annual salary, plan and tier status, as well as on the amount of additional service to be cred- ited. This cost would be shared by the State of New York and the partic- ipating employers in the New York State and Local Employees' Retirement System and the New York State and Local Police and Fire Retirement System. Summary of relevant resources: Data: March 31, 2011 Actuarial Year End File with distributions of membership and other statistics displayed in the 2011 Report of the Actuary and 2011 Comprehensive Annual Financial Report. Assumptions and Methods: 2010 and 2011 Annual Report to the Comp- troller on Actuarial Assumptions, Codes and Rules and Regulations of the State of New York: Audit and Control. Market Assets and GASB Disclosures: March 31, 2011 New York State and Local Retirement System Financial Statements and Supplementary Informa- tion.S. 5392--A 3 Valuations of Benefit Liabilities and Actuarial Assets: summarized in the 2011 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 23, 2012 and intended for use only during the 2012 Legislative Session, is Fiscal Note No. 2012-118, prepared by the Actuary for the New York State and Local Employees' Retirement System and the New York State and Local Police and Fire Retirement System.