STATE OF NEW YORK
________________________________________________________________________
8177
2025-2026 Regular Sessions
IN ASSEMBLY
May 5, 2025
___________
Introduced by M. of A. SLATER -- read once and referred to the Committee
on Governmental Employees
AN ACT to authorize Angela Kilkenny Tier IV status in the New York state
and local employees' retirement system
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 contrary,
2 Angela Kilkenny, who was employed with the State University of New York
3 with a start date of September 3, 2009, and who is currently a member of
4 the New York state and local employees' retirement system, who through
5 no fault of her own did not become a member of the New York state and
6 local employees' retirement system on September 3, 2009 when first
7 employed by the State University of New York, shall be deemed to have
8 been a member of the New York state and local employees' retirement
9 system on such date she commenced her employment and shall be granted
10 Tier IV status, provided that an application is filed with the head of
11 the New York state and local employees' retirement system within one
12 year from the effective date of this act. Upon the granting of such
13 retroactive membership, Angela Kilkenny shall not be granted a refund of
14 any employee contribution made by her to the New York state and local
15 employees' retirement system.
16 § 2. All costs associated with the implementation of this act for past
17 services shall be borne by the state of New York.
18 § 3. This act shall take effect immediately.
FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
This bill would provide Angela Kilkenny with a date of membership of
September 3, 2009, their date of first employment with the State Univer-
sity of New York at Oneonta, resulting in Tier 4 status in the New York
State and Local Employees' Retirement System. Angela Kilkenny is
currently a Tier 6 member employed by Helen Hayes Hospital. There will
be no refund of member contributions.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD04531-02-5
A. 8177 2
If this bill is enacted during the 2025 Legislative Session, we antic-
ipate that there will be an increase of approximately $7,100 in the
annual contributions of Helen Hayes Hospital for the fiscal year ending
March 31, 2026. In future years this cost will vary as the billing rates
and salary of Angela Kilkenny change.
In addition to the annual contributions discussed above, there will be
an immediate past service cost of approximately $59,700 which will be
borne by the State of New York as a one-time payment. This estimate
assumes that payment will be made on March 1, 2026.
Summary of relevant resources:
Membership data as of March 31, 2024 was used in measuring the impact
of the proposed change, the same data used in the April 1, 2024 actuari-
al valuation. Distributions and other statistics can be found in the
2024 Report of the Actuary and the 2024 Annual Comprehensive Financial
Report. The actuarial assumptions and methods used are described in the
2024 Annual Report to the Comptroller on Actuarial Assumptions, and the
Codes, Rules and Regulations of the State of New York: Audit and
Control. The Market Assets and GASB Disclosures are found in the March
31, 2024 New York State and Local Retirement System Financial Statements
and Supplementary Information.
This fiscal note does not constitute a legal opinion on the viability
of the proposed change nor is it intended to serve as a substitute for
the professional judgment of an attorney.
This estimate, dated February 3, 2025, and intended for use only
during the 2025 Legislative Session, is Fiscal Note No. 2025-34. As
Chief Actuary of the New York State and Local Retirement System, I,
Aaron Schottin Young, hereby certify that this analysis complies with
applicable Actuarial Standards of Practice as well as the Code of
Professional Conduct and Qualification Standards for Actuaries Issuing
Statements of Actuarial Opinion of the American Academy of Actuaries, of
which I am a member.
