STATE OF NEW YORK
________________________________________________________________________
9412
IN SENATE
March 10, 2026
___________
Introduced by Sen. GALLIVAN -- read twice and ordered printed, and when
printed to be committed to the Committee on Civil Service and Pensions
AN ACT granting retroactive membership in the New York state teachers'
retirement system to Karen Schieber
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 Schieber, a tier V member of the New York state teachers' retire-
3 ment system employed by the Buffalo city school district and who was
4 previously employed as a seasonal employee by the town of West Seneca
5 from July 16, 1996 through September 16, 2002 and who, through no fault
6 of her own, did not become a member of the New York state and local
7 employees' retirement system on July 16, 1996 when she became eligible
8 for membership in such system, shall be deemed to have joined the New
9 York state and local employees' retirement system on the date July 16,
10 1996 if, within one year of the effective date of this act, she shall
11 file a written request with the head of the New York state teachers'
12 retirement system.
13 § 2. No contributions made to the New York state teachers' retirement
14 system by Karen Schieber shall be returned or refunded to her pursuant
15 to this act.
16 § 3. All past service costs of implementing the provisions of this act
17 shall be borne by the employers of members of the New York state teach-
18 ers' retirement system.
19 § 4. This act shall take effect immediately.
FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
Bill Description:
This fiscal note is prepared for legislative bill draft #14745-03-6.
This bill would allow Karen Schieber, an active Tier 5 member of the New
York State Teacher's Retirement System (NYSTRS) to be reclassified as a
Tier 4 member with a date of membership of July 16, 1996, based upon
their employment as a seasonal employee with the town of West Seneca, a
participating employer in the New York State and Local Employees'
Retirement System. There shall be no refund of member contributions.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD14745-04-6
S. 9412 2
Karen Schieber must file a written request with the head of NYSTRS with-
in one year of the effective date of this bill.
Cost:
The cost of this benefit is equal to the increase in the present value
of liabilities, which is estimated to be $42,800. This cost would be
borne by the employers of members of the New York State Teachers'
Retirement System.
Data:
Member data as of June 30, 2025, prepared for the most recent actuari-
al valuation was used in determining this cost. The most recent data
distributions and statistics can be found in the System's Annual Report
for the fiscal year ended June 30, 2025. System assets are as reported
in the System's financial statements which can be found in the System's
Annual Report. This data will also be provided in the System's Actuarial
Valuation Report as of June 30, 2025.
Methods and Assumptions:
A summary of actuarial assumptions and methods will be provided in the
System's Actuarial Valuation Report as of June 30, 2025. Further details
can be found in the most recent Recommended Actuarial Assumptions 2025
Report.
Actuarial Certification:
We, the undersigned actuaries for the New York State Teachers' Retire-
ment System, certify the following:
1. The actuarial assumptions, methods, and data used are reasonable
for the purposes of this fiscal note, internally consistent and are in
accordance with standards of practice prescribed by the Actuarial Stand-
ards Board and generally accepted actuarial principles and procedures.
2. We relied on member data supplied by the participating employers of
the New York State Teachers' Retirement System and assets as supplied in
the annual Financial Statements by NYSTRS' Finance Department.
3. Results were prepared based on our current understanding of the
proposal as of the date of this fiscal note. If the language or our
understanding of the proposal changes, the results could change and
require the issuance of a new fiscal note. The next annual update of the
actuarial valuation could also produce different results. Results should
not be relied upon for any other purpose.
4. This fiscal note was prepared in accordance with New York State
Retirement and Social Security Law, New York State Education Law, appli-
cable Internal Revenue Code, and accepted actuarial standards of prac-
tice as of the date of this fiscal note. This fiscal note does not
constitute a legal opinion on the viability of this legislative
proposal.
5. We are members of the American Academy of Actuaries and the Society
of Actuaries, and we meet the Qualification Standards of the American
Academy of Actuaries to render the actuarial opinion contained herein.
We are currently compliant with the Continuing Professional Development
Requirement of the Society of Actuaries.
Fiscal Note Identification:
This Fiscal Note, 2026-28, dated March 6, 2026, was prepared by the
Office of the Actuary of the New York State Teachers' Retirement System
and is intended for use only during the 2026 Legislative Session.
