New York State Assembly

 
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A06913 Summary:

A06913 Actions:

A06913 Committee Votes:

Committee:GOVERNMENTAL EMPLOYEES   Chair:Abbate      
DATE:06/05/2019AYE/NAY:14/0  Action: Favorable refer to committee Ways and Means        
Abbate
Aye
Malliotakis
Aye
Aubry
Aye
Johns
Aye
Colton
Aye
Palumbo
Aye
Cusick
Aye
DeStefano
Aye
Zebrowski
Aye
DenDekker
Aye
Santabarbara
Aye
Pheffer Amato
Aye
Ryan
Aye
Griffin
Aye

Committee:WAYS AND MEANS   Chair:Weinstein      
DATE:06/13/2019AYE/NAY:28/1  Action: Favorable refer to committee Rules        
Weinstein
Aye
Barclay
Aye
Lentol
Aye
Crouch
Aye
Schimminger
Excused
Fitzpatrick
Nay
Gantt
Excused
Hawley
Aye
Glick
Aye
Malliotakis
Aye
Nolan
Excused
Montesano
Aye
Pretlow
Aye
Ra
Aye
Perry
Aye
Blankenbush
Aye
Colton
Aye
Palmesano
Aye
Cook
Excused
Norris
Aye
Cahill
Aye
Aubry
Aye
Thiele
Aye
Cusick
Aye
Ortiz
Aye
Benedetto
Aye
Weprin
Aye
Rodriguez
Absent
Ramos
Aye
Braunstein
Aye
McDonald
Excused
Rozic
Aye
Simotas
Aye
Dinowitz
Aye
Miller
Aye

Committee:RULES   Chair:Gottfried      
DATE:06/17/2019AYE/NAY:26/0  Action: Favorable         
Heastie
Excused
Kolb
Aye
Gottfried
Aye
Crouch
Aye
Lentol
Aye
Finch
Aye
Gantt
Excused
Barclay
Aye
Nolan
Excused
Raia
Aye
Weinstein
Aye
Hawley
Aye
Ortiz
Aye
Giglio
Aye
Pretlow
Aye
Malliotakis
Aye
Cook
Aye
Glick
Aye
Aubry
Aye
Englebright
Aye
Dinowitz
Aye
Colton
Aye
Magnarelli
Aye
Perry
Aye
Paulin
Aye
Titus
Excused
Peoples-Stokes
Aye
Benedetto
Aye
Lavine
Excused
Lupardo
Aye
Zebrowski
Aye

A06913 Floor Votes:

A06913 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          6913
 
                               2019-2020 Regular Sessions
 
                   IN ASSEMBLY
 
                                     March 27, 2019
                                       ___________
 
        Introduced  by M. of A. BARCLAY -- read once and referred to the Commit-
          tee on Governmental Employees
 
        AN ACT to authorize the city of Oswego, in the county of Oswego to offer
          an optional twenty-year retirement  plan  to  police  officer  Zackary
          Quinones
 
          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  the city of Oswego, in the county of Oswego, a participating employer in
     3  the New York state and local police and fire  retirement  system,  which
     4  previously  elected  to  offer the optional twenty-year retirement plan,
     5  established pursuant to section 384-d of the retirement and social secu-
     6  rity law, to police officers employed by such city, is hereby authorized
     7  to make participation in such plan  available  to  Zackary  Quinones,  a
     8  police  officer  employed  by  the  city of Oswego, who, for reasons not
     9  ascribable to his own negligence, failed to make a timely application to
    10  participate in such optional twenty-year retirement plan.   The city  of
    11  Oswego  may  so elect by filing with the state comptroller, on or before
    12  December 31, 2019, a resolution of its own common council together  with
    13  certification  that such police officer did not bar himself from partic-
    14  ipation in such retirement plan as a result of his own negligence. Ther-
    15  eafter, such police officer may elect to be covered by the provisions of
    16  section 384-d of the retirement and social security law,  and  shall  be
    17  entitled  to the full rights and benefits associated with coverage under
    18  such section, by filing a request to that effect with  the  state  comp-
    19  troller on or before June 30, 2020.
    20    §  2.  All  past  costs associated with implementing the provisions of
    21  this act shall be borne by the city of Oswego, and may be amortized over
    22  a period of ten years.
    23    § 3. 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.
                                                                   LBD10750-05-9
        A. 6913                             2
 
          This bill would allow the city of Oswego to reopen the  provisions  of
        Section 384-d of the Retirement and Social Security Law for police offi-
        cer Zackary Quinones.
          If  this  bill is enacted during the 2019 legislative session and this
        member becomes covered under the provisions of Section 384-d, we  antic-
        ipate  that  there  will  be  an increase of approximately $2,400 in the
        annual contributions of the city of Oswego for the  fiscal  year  ending
        March  31,  2020.  In  future  years, this cost will vary as the billing
        rates and salary of Zackary Quinones change.
          In addition to the annual contributions discussed above, there will be
        an immediate past service cost of approximately $10,100  which  will  be
        borne  by  the  city  of  Oswego as a one-time payment. This estimate is
        based on the assumption that payment will be made on February  1,  2020.
        If  the city of Oswego elects to amortize this cost over a 10 year peri-
        od, the cost for the first year would be $1,350.
          Summary of relevant resources:
          The membership data used in  measuring  the  impact  of  the  proposed
        change  was  the same as that used in the March 31, 2018 actuarial valu-
        ation.  Distributions and other statistics can  be  found  in  the  2018
        Report  of  the  Actuary  and  the  2018  Comprehensive Annual Financial
        Report.
          The actuarial assumptions and methods used are described in the  2015,
        2016,  2017  and  2018  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, 2018
        New  York  State  and  Local  Retirement System Financial Statements and
        Supplementary Information.
          I am a member of the American Academy of Actuaries and meet the Quali-
        fication Standards to render the actuarial opinion contained herein.
          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 22, 2019, and intended for use only  during
        the  2019  Legislative  Session, is Fiscal Note No. 2019-92, prepared by
        the Actuary for the New York State and Local Retirement System.