Authorizes the county of Erie to offer an optional twenty year retirement plan to Christopher J. Lysy, Kristin M. Rozycki, Marc J. Bristow, Daniel E. Walczak, Thomas Van Wie and Donald Hoelscher who are deputy sheriffs employed by such county.
STATE OF NEW YORK
________________________________________________________________________
9540--A
IN ASSEMBLY
January 19, 2018
___________
Introduced by M. of A. RYAN -- read once and referred to the Committee
on Governmental Employees -- committee discharged, bill amended,
ordered reprinted as amended and recommitted to said committee
AN ACT to authorize the county of Erie to offer an optional twenty year
retirement plan to certain deputy sheriffs employed by such county
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 county of Erie, a participating employer in the New York state and
3 local employees' retirement system, which previously elected to offer
4 the optional twenty year retirement plan established pursuant to
5 sections 552 and 553 of the retirement and social security law, to depu-
6 ty sheriffs employed by such county, is hereby authorized to make
7 participation in such plan available to Christopher J. Lysy, Kristin M.
8 Rozycki, Marc J. Bristow, Daniel E. Walczak, Thomas Van Wie and Donald
9 Hoelscher, deputy sheriffs employed by the county of Erie, who, for
10 reasons not ascribable to their own negligence failed to make timely
11 application to participate in such twenty year retirement plan. The
12 county of Erie may so elect by filing with the state comptroller within
13 three months of the effective date of this act, a resolution of the Erie
14 county legislature together with certification that such deputy sheriffs
15 did not bar themselves from participation in such retirement plan as a
16 result of their own negligence. Thereafter, such deputy sheriffs may
17 elect to be covered by the provisions of sections 552 and 553 of the
18 retirement and social security law, and shall be entitled to the full
19 rights and benefits associated with coverage under such sections, by
20 filing a request to that effect with the state comptroller on or before
21 June 30, 2019.
22 § 2. All past service costs associated with implementing the
23 provisions of this act shall be borne by the county of Erie.
24 § 3. This act shall take effect immediately.
FISCAL NOTE.-- This bill will allow Erie County to elect to reopen the
provisions of Section 552 together with Section 553 of the Retirement
and Social Security Law for deputy sheriffs Christopher J. Lysy, Kristin
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD13562-05-8
A. 9540--A 2
M. Rozycki, Marc J. Bristow, Daniel E. Walczak, Thomas Van Wie, and
Donald Hoelscher.
If this bill is enacted and these deputy sheriffs become covered under
the provisions of Section 552 together with Section 553, we anticipate
that there will be an increase of approximately $59,000 in the annual
contributions of Erie County for the fiscal year ending March 31, 2019.
In future years, this cost will vary as the billing rates and salaries
of these deputy sheriffs change.
In addition to the annual contributions discussed above, there will be
an immediate past service cost of approximately $381,000 which will be
borne by Erie County as a one-time payment. This estimate is based on
the assumption that payment will be made on February 1, 2019.
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, 2017 actuarial valu-
ation. Distributions and other statistics can be found in the 2017
Report of the Actuary and the 2017 Comprehensive Annual Financial
Report.
The actuarial assumptions and methods used are described in the 2015,
2016 and 2017 Annual Report to the Comptroller on Actuarial Assumptions,
and the Codes Rules and Regulations of the State of New York: Audit
Control.
The Market Assets and GASB Disclosures are found in the March 31, 2017
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 estimate, dated January 22, 2018, and intended for use only
during the 2018 Legislative Session, if Fiscal Note No. 2018-2, prepared
by the Actuary for the New York State and Local Retirement System.
