New York State Assembly

 
•  Summary 
 
•  Actions 
 
•  Floor Votes 
 
•  Memo 
 
•  Text 

A08672 Summary:

A08672 Actions:

A08672 Floor Votes:

A08672 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         8672--A
 
                               2011-2012 Regular Sessions
 
                   IN ASSEMBLY
 
                                    October 27, 2011
                                       ___________
 
        Introduced  by  M. of A. KOLB -- read once and referred to the Committee
          on Governmental Employees -- recommitted to the Committee  on  Govern-
          mental Employees in accordance with Assembly Rule 3, sec. 2 -- commit-
          tee  discharged, bill amended, ordered reprinted as amended and recom-
          mitted to said committee
 

        AN ACT granting retroactive tier IV membership in the New York state and
          local employees' retirement system to Tamara Hemminger
 
          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, Tamara Hemming-
     2  er,  a  member  of  the  New  York state and local employees' retirement
     3  system, who was employed on December 7, 2009, by the department of labor
     4  as a labor services representative, who filed a  membership  application
     5  in such system on December 17, 2009, which should have given her Tier IV
     6  status  but  for reasons not ascribable to her own negligence and due to
     7  an administrative error, the application was not processed in the  usual
     8  manner  and  therefore  not  processed,  may  be deemed to have become a

     9  member of the New York state and local employees' retirement  system  on
    10  December 17, 2009.
    11    § 2. Any past service costs incurred in implementing the provisions of
    12  this act shall be borne by the state.
    13    § 3. This act shall take effect immediately.
          FISCAL  NOTE.--Pursuant to Legislative Law, Section 50: This bill will
        deem Tamara Hemminger, currently an employee  of  the  Canandaigua  City
        School  District  and formerly an employee of the New York State Depart-
        ment of Labor, to have become a member of the New York State  and  Local
        Employees'  Retirement System on December 17, 2009, thereby granting her
        Tier 4 status.
          If this legislation is enacted during the 2012 legislative session, we
        anticipate that there will be an increase of approximately $1,500 in the
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets

                              [ ] is old law to be omitted.
                                                                   LBD13401-03-2
        A. 8672--A                          2
 
        annual contributions of the Canandaigua City  School  District  for  the
        fiscal year ending March 31, 2013.
          In addition to the annual contributions discussed above, there will be
        an  immediate  past service cost of approximately $2,280, which would be
        borne by the State of New York as a one-time payment. This  estimate  is
        based on the assumption that payment would be made on March 1, 2013.
          Summary of relevant resources:
          Data:  March  31,  2011  Actuarial Year End File with distributions of
        membership and other statistics displayed in  the  2011  Report  of  the
        Actuary and 2011 Comprehensive Annual Financial Report.

          Assumptions  and  Methods:  2010  and  2011 Annual Report to the Comp-
        troller on Actuarial Assumptions, Codes Rules  and  Regulations  of  the
        State of New York: Audit and Control.
          Market  Assets and GASB Disclosures: March 31, 2011 New York State and
        Local Retirement System Financial Statements and Supplementary  Informa-
        tion.
          Valuations  of Benefit Liabilities and Actuarial Assets: summarized in
        the 2011 Actuarial Valuations report.
          I am a member of the American Academy of Actuaries and meet the Quali-
        fication Standards to render the actuarial opinion contained herein.
          This estimate, dated February 8,  2012,  and  intended  for  use  only
        during  the  2012  Legislative  Session,  is  Fiscal  Note  No. 2012-84,
        prepared by the Actuary for the New  York  State  and  Local  Employees'
        Retirement System.