New York State Assembly

 
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A10155 Summary:

A10155 Actions:

A10155 Committee Votes:

Committee:GOVERNMENTAL EMPLOYEES   Chair:Abbate      
DATE:06/08/2016AYE/NAY:14/0  Action: Favorable refer to committee Ways and Means        
Abbate
Aye
Malliotakis
Aye
Aubry
Aye
Saladino
Aye
Colton
Aye
Johns
Aye
Cusick
Aye
Palumbo
Aye
Zebrowski
Aye
DenDekker
Aye
Goldfeder
Aye
Solages
Aye
Santabarbara
Aye
Ceretto
Aye

Committee:WAYS AND MEANS   Chair:Farrell      
DATE:06/08/2016AYE/NAY:31/1  Action: Favorable refer to committee Rules        
Farrell
Aye
Oaks
Aye
Lentol
Aye
Crouch
Aye
Schimminger
Aye
Barclay
Aye
Gantt
Aye
Fitzpatrick
Nay
Weinstein
Aye
Saladino
Aye
Glick
Aye
Hawley
Aye
Nolan
Excused
Duprey
Excused
Pretlow
Aye
Corwin
Aye
Perry
Aye
Malliotakis
Aye
Colton
Aye
Walter
Aye
Cook
Aye
Cahill
Aye
Aubry
Aye
Hooper
Aye
Thiele
Aye
Wright
Aye
Cusick
Aye
Ortiz
Aye
Benedetto
Aye
Markey
Aye
Moya
Aye
Weprin
Aye
Rodriguez
Aye
Ramos
Excused
Braunstein
Aye

Committee:RULES   Chair:Heastie      
DATE:06/14/2016AYE/NAY:27/0  Action: Favorable         
Heastie
Aye
Kolb
Aye
Gottfried
Aye
Tedisco
Aye
Lentol
Aye
Oaks
Aye
Farrell
Aye
Butler
Aye
Gantt
Aye
Crouch
Aye
Nolan
Aye
Finch
Excused
Weinstein
Aye
Barclay
Aye
Hooper
Aye
Raia
Aye
Ortiz
Aye
Duprey
Aye
Pretlow
Aye
Cook
Aye
Glick
Aye
Morelle
Aye
Aubry
Aye
Englebright
Aye
Wright
Excused
Dinowitz
Excused
Colton
Aye
Magnarelli
Aye
Perry
Aye
Markey
Aye

A10155 Floor Votes:

A10155 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          10155
 
                   IN ASSEMBLY
 
                                      May 13, 2016
                                       ___________
 
        Introduced  by M. of A. GUNTHER -- read once and referred to the Commit-
          tee on Governmental Employees
 
        AN ACT to allow Jack Harb to join the optional twenty-five year  retire-
          ment plan, county of Sullivan
 
          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 Sullivan, a participating employer in the New  York  state
     3  employees'  retirement  system,  which  previously  elected to offer the
     4  optional twenty-five year retirement plan, established pursuant to arti-
     5  cle 14-B of the retirement and social security law, is hereby authorized
     6  to make participation in such plan available  to  Jack  Harb,  a  deputy
     7  sheriff employed by the county of Sullivan, who, for reasons not ascrib-
     8  able  to  his  own  negligence  failed  to  make a timely application to
     9  participate in such optional twenty-five year retirement plan. The coun-
    10  ty of Sullivan may so elect by filing with the state comptroller, on  or
    11  before  one year after this act shall have become a law, a resolution of
    12  its governing body together with certification that such deputy  sheriff
    13  did  not  bar himself from participation in such retirement plan. There-
    14  after, Jack Harb, may elect to be covered by the provisions  of  section
    15  551  of the retirement and social security law, and shall be entitled to
    16  the full  rights  and  benefits  associated  with  coverage  under  such
    17  section,  by  filing a request to that effect with the state comptroller
    18  on or before one year after this act shall have become a law.
    19    §  2.  All  past  service  costs  associated  with  implementing   the
    20  provisions  of this act shall be borne by the county of Sullivan and may
    21  be amortized over a period of five years.
    22    § 3. This act shall take effect immediately.
          FISCAL NOTE. -- Pursuant to Legislative Law, Section 50:
          This bill will allow Jack Harb, a deputy sheriff employed by  Sullivan
        County,  to elect to be covered by the 25 year retirement plan contained
        in Section 551 of the Retirement and Social Security Law.
          If this bill is enacted and deputy sheriff Harb becomes covered  under
        the  provisions  of  Section  551,  we  anticipate that there will be an
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15025-03-6
        A. 10155                            2
 
        increase of approximately $1,980 in the annual contributions of Sullivan
        County for the fiscal year ending March 31, 2017. In future years,  this
        cost  will  vary  as the billing rates and salary of deputy sheriff Harb
        change.
          In addition to the annual contributions discussed above, there will be
        in  immediate  past  service cost of approximately $2,410 which would be
        borne by Sullivan County as a one-time payment. This estimate  is  based
        on  the  assumption  that  payment  will be made on February 1, 2017. If
        Sullivan County elects to amortize this cost over a 5 year  period,  the
        cost for the first year would be $550.
          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, 2015  actuarial  valu-
        ation.    Distributions  and  other  statistics can be found in the 2015
        Report of the  Actuary  and  the  2015  Comprehensive  Annual  Financial
        Report.
          The  actuarial  assumptions and methods used are described in the 2015
        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, 2015
        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  May 11, 2016, and intended for use only during
        the 2016 Legislative Session, is Fiscal Note No.  2016-93,  prepared  by
        the  Actuary  for  the  New  York  State  and Local Employees Retirement
        System.