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S03321 Summary:

BILL NOS03321A
 
SAME ASNo Same As
 
SPONSORGALLIVAN
 
COSPNSR
 
MLTSPNSR
 
 
Authorizes Alexander D. Rusin to receive retroactive membership in the New York state and local employees' retirement system.
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S03321 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         3321--A
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                    January 24, 2025
                                       ___________
 
        Introduced  by Sen. GALLIVAN -- 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 in relation to authorizing Alexander D. Rusin to receive retroac-
          tive  membership 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 law to the contrary, Alexander D.
     2  Rusin,  an  employee  of the Erie county water authority and a member of
     3  the New York state and  local  employees'  retirement  system,  who  was
     4  employed  as  a seasonal meter service worker with the Erie county water
     5  authority with a start date of June 2, 2008 until August 22,  2008,  who
     6  for  reasons  not  ascribable  to his own negligence, failed to become a
     7  member of such retirement system during  such  employment  by  the  Erie
     8  county  water  authority in 2008, shall be deemed to have joined the New
     9  York state and local employees' retirement system on the  date  June  2,
    10  2008  if,  within  one  year of the effective date of this act, he shall
    11  file a written request with the state comptroller.
    12    § 2. No contributions made to the New York state and local  employees'
    13  retirement system by Alexander D. Rusin shall be returned or refunded to
    14  him pursuant to this act.
    15    § 3. All past service costs of implementing the provisions of this act
    16  shall be borne by the Erie county water authority.
    17    § 4. 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 to Alexander Rusin, a current Tier 6 member
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02515-03-6

        S. 3321--A                          2
 
        employed by the Erie County Water Authority, by changing their  date  of
        membership to June 2, 2008, their date of first employment with the Erie
        County Water Authority.
          There will be no refund of member contributions.
          We  estimate  that  the  Erie County Water Authority's annual contrib-
        utions will increase $5,400 beginning FYE 2027. Annual costs  will  vary
        as the billing rates and salary of Alexander Rusin change.
          In  addition,  there will be an immediate past service cost of $88,100
        borne by the Erie County Water Authority 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  January  28,  2026,  and intended for use only
        during the 2026 Legislative Session, is Fiscal Note Number  2026-71.  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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