STATE OF NEW YORK
________________________________________________________________________
7290--A
2025-2026 Regular Sessions
IN ASSEMBLY
March 25, 2025
___________
Introduced by M. of A. P. CARROLL -- read once and referred to the
Committee on Governmental Employees -- recommitted to the Committee on
Governmental Employees in accordance with Assembly Rule 3, sec. 2 --
committee discharged, bill amended, ordered reprinted as amended and
recommitted to said committee
AN ACT in relation to granting retroactive tier IV membership in the New
York state and local employees' retirement system to Karen Siegel
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 Karen Siegel, a tier VI member of the New York state and local employ-
3 ees' retirement system employed by the South Orangetown Central School
4 District and who was previously employed as a full-time employee at High
5 Tor State Park from June 28, 1992 through September 6, 1993 and who,
6 through no fault of her own, did not become a member of the New York
7 state and local employees' retirement system on June 28, 1992 when she
8 became eligible for membership in such system, shall be deemed to have a
9 date of membership with the New York state and local employees' retire-
10 ment system of June 28, 1992 if she shall file an application therefor
11 with the state comptroller within one year of the effective date of this
12 act. Upon the receipt of such application, Karen Siegel shall be granted
13 tier IV status in the New York state and local employees' retirement
14 system and shall be eligible for all the rights and benefits thereof.
15 § 2. All past service costs of implementing the provisions of this act
16 shall be borne by South Orangetown Central School District, and there
17 shall be no refund of member contributions to Karen Siegel.
18 § 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 Karen Siegel, a current Tier 6
member employed by the South Orangetown Central School District, by
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD09190-03-6
A. 7290--A 2
changing their date of membership to June 28, 1992. There will be no
refund of member contributions.
We estimate that the South Orangetown Central School District's annual
contributions will increase $6,400 beginning FYE 2027. Annual costs will
vary as the billing rates and salary of Karen Siegel change.
In addition, there will be an immediate past service cost of $35,300
borne by the South Orangetown Central 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 April 15, 2026, and intended for use only during
the 2026 Legislative Session, is Fiscal Note Number 2026-180. 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 Actuaries, of
which I am a member. I am a member of NYSLRS but do not believe it
impairs my objectivity.
