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A10256 Summary:

BILL NOA10256
 
SAME ASNo Same As
 
SPONSORWalsh
 
COSPNSR
 
MLTSPNSR
 
 
Grants retroactive tier IV membership in the New York state and local employees' retirement system to Katie Adamek, who is an employee of the Schenectady City School District beginning November 23, 2009.
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A10256 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          10256
 
                   IN ASSEMBLY
 
                                    February 12, 2026
                                       ___________
 
        Introduced  by M. of A. WALSH -- read once and referred to the Committee
          on Governmental Employees
 
        AN ACT granting retroactive tier IV membership in the New York state and
          local employees' retirement system to Katie Adamek
 
          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  Katie Adamek, a tier V member of the New York state and local employees'
     3  retirement  system  employed  by  the  Schenectady  City School District
     4  beginning November 23, 2009 and who, through no fault of  her  own,  did
     5  not  become  a member of the New York state and local employees' retire-
     6  ment system on November 23, 2009 when she became eligible for membership
     7  in such system, shall be deemed to have a date of  membership  with  the
     8  New  York  state  and local employees' retirement system of November 23,
     9  2009 if she shall file an application  therefor  with  the  state  comp-
    10  troller  within  one  year  of  the effective date of this act. Upon the
    11  receipt of such application, Katie  Adamek  shall  be  granted  tier  IV
    12  status  in the New York state and local employees' retirement system and
    13  shall be eligible for all the rights and benefits thereof.
    14    § 2. All past service costs of implementing the provisions of this act
    15  shall be borne by Schenectady City School District, and there  shall  be
    16  no refund of member contributions to Katie Adamek.
    17    § 3. This act shall take effect immediately.
          FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
          This  bill  would  grant Tier 4 status in the New York State and Local
        Employees' Retirement System (NYSLERS) to Katie Adamek, a current Tier 5
        member employed by the Schenectady City  School  District,  by  changing
        their  date  of  membership  to  November  23, 2009, their date of first
        employment with the Schenectady City School District.
          There will be no refund of member contributions.
          We  estimate  that  the  Schenectady  City  School  District's  annual
        contributions will increase $2,300 beginning FYE 2027. Annual costs will
        vary as the billing rates and salary of Katie Adamek change.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13754-03-6

        A. 10256                            2
 
          In  addition,  there will be an immediate past service cost of $87,000
        borne by the Schenectady City School District  as  a  one-time  payment.
        This cost assumes that payment will be made on February 1, 2027.
          Summary of relevant resources:
          Membership data as of March 31, 2025 was used to measure the impact of
        the  bill, the same data used in the Actuarial Valuations dated April 1,
        2025. Distributions and other statistics can be found in the 2025 Report
        of the Actuary and the 2025 Annual Comprehensive Financial  Report.  The
        actuarial  assumptions and methods used are described in the 2025 Annual
        Report to the Comptroller on Actuarial Assumptions, and the Codes, Rules
        and Regulations of the State of New York: Audit and  Control.  The  fair
        value  of assets and GASB disclosures can be found in the 2025 Financial
        Statements and Supplementary Information.
          Assumptions, demographics, and  other  considerations  may  have  been
        modified  to  better reflect specific provisions of any proposed benefit
        change(s).
          This fiscal note does not constitute a legal opinion on the  viability
        of the bill, nor is it intended to serve as a substitute for the profes-
        sional judgment of an attorney.
          This  estimate,  dated  February  10,  2026, and intended for use only
        during the 2026 Legislative Session, is Fiscal Note Number 2026-124.  As
        Chief  Actuary  of  the  New  York  State  and  Local  Retirement System
        (NYSLRS), 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 Actu-
        aries,  of  which  I  am  a  member.  I am a member of NYSLRS but do not
        believe it impairs my objectivity.
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