Authorizes Brian Studley, a police officer employed by the New York state university police department at SUNY Fredonia, to transition his pension from the New York state and local employees' retirement system to the New York state and local police and fire retirement system.
STATE OF NEW YORK
________________________________________________________________________
8123
2025-2026 Regular Sessions
IN ASSEMBLY
May 1, 2025
___________
Introduced by M. of A. MOLITOR -- read once and referred to the Commit-
tee on Governmental Employees
AN ACT authorizing Brian Studley, a police officer employed by the New
York state university police department at SUNY Fredonia, to partic-
ipate in the New York state and local police and fire 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 Brian Studley, who is currently employed with the New York state univer-
3 sity police department at SUNY Fredonia and who is currently a member of
4 the New York state and local employees' retirement system, who through
5 no fault of his own did not become a member of the New York state and
6 local police and fire retirement system on December 19, 2015 when
7 provided the opportunity to transition to such retirement system, pursu-
8 ant to chapter 561 of the laws of 2015, shall be deemed to have been a
9 member of the New York state and local police and fire retirement system
10 on such date, provided that an application is filed with the head of the
11 New York state and local police and fire retirement system together with
12 a certification that Brian Studley is not barred from participation in
13 such retirement plan as the result of his own negligence, within one
14 year from the effective date of this act.
15 § 2. No employee contributions made to the New York state and local
16 employees' retirement system by any state university police officer who
17 elects to transfer pursuant to this act shall be returned to such offi-
18 cer. Such employee contributions shall be used to offset any past
19 service costs incurred by operation of the provisions of this act.
20 § 3. All past services costs associated with the implementation of
21 this act shall be borne by the state of New York.
22 § 4. 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.
LBD09330-02-5
A. 8123 2
This bill would deem Brian Studley, a State University police officer
currently employed by the State University of New York at Fredonia, to
have become a member of the New York State and Local Police and Fire
Retirement System, covered under the provisions of section 383-d of the
Retirement and Social Security Law (RSSL), effective December 19, 2015.
Brian Studley is currently a member of the New York State and Local
Employees' Retirement System and is covered under the provisions of
Article 15 of the RSSL.
If this bill is enacted during the 2025 Legislative Session, we antic-
ipate that there will be an increase of approximately $18,000 in the
annual contributions of the State of New York for the fiscal year ending
March 31, 2026. In future years this cost will vary as the billing rates
and salary of Brian Studley change.
In addition to the annual contributions discussed above, there will be
an immediate past service cost of approximately $76,200 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 March 12, 2025, and intended for use only during
the 2025 Legislative Session, is Fiscal Note No. 2025-100. As Chief
Actuary of the New York State and Local Retirement System, I, Aaron
Schottin Young, hereby certify that this analysis complies with applica-
ble 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.
