STATE OF NEW YORK
________________________________________________________________________
4450
2025-2026 Regular Sessions
IN SENATE
February 5, 2025
___________
Introduced by Sen. S. RYAN -- read twice and ordered printed, and when
printed to be committed to the Committee on Civil Service and Pensions
AN ACT granting retroactive tier IV membership in the New York state and
local employees' retirement system to Maureen Sullivan Nasca
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 Maureen Sullivan Nasca, an employee of the Erie County Medical Center
3 and a member of the New York state and local employees' retirement
4 system, who was a full-time employee at the Roswell Park Comprehensive
5 Cancer Center from December 7, 1995 to December 22, 2013, and who, for
6 reasons not ascribable to her own negligence, failed to become a member
7 of such retirement system during such employment with the Roswell Park
8 Comprehensive Cancer Center in 1995, shall be deemed to have joined the
9 New York state and local employees' retirement system on the date of
10 December 7, 1995 and shall be granted Tier IV status in such retirement
11 system if, within one year of the effective date of this act, she shall
12 file a written request with the state comptroller.
13 § 2. No contributions made to the New York state and local employees'
14 retirement system by Maureen Sullivan Nasca shall be refunded or
15 returned to her pursuant to this act.
16 § 3. All past service costs of implementing the provisions of this act
17 shall be borne by the state of New York.
18 § 4. This act shall take effect immediately.
FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
This bill would provide Maureen Sullivan Nasca with a date of member-
ship of December 7, 1995, resulting in Tier 4 status in the New York
State and Local Employees' Retirement System. Maureen Sullivan Nasca is
currently a Tier 6 member employed by Erie County Medical Center. There
will be no refund of member contributions.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD04253-02-5
S. 4450 2
If this bill is enacted during the 2025 Legislative Session, we antic-
ipate that there will be an increase of approximately $68,000 in the
annual contributions of the Erie County Medical Center for the fiscal
year ending March 31, 2026. In future years this cost will vary as the
billing rates and salary of Maureen Sullivan Nasca change.
In addition to the annual contributions discussed above, there will be
an immediate past service cost of approximately $1.74 million 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 4, 2025, and intended for use only
during the 2025 Legislative Session, is Fiscal Note No. 2025-38. 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.
