New York State Assembly

 
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A10369 Summary:

A10369 Actions:

A10369 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

A10369 Floor Votes:

A10369 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                        10369--A
 
                   IN ASSEMBLY
 
                                      May 24, 2016
                                       ___________
 
        Introduced  by  M.  of A. ABBATE, GOLDFEDER -- read once and referred to
          the Committee on Governmental Employees -- reported  and  referred  to
          the  Committee  on  Ways  and  Means  --  reported and referred to the
          Committee on  Rules  --  Rules  Committee  discharged,  bill  amended,
          ordered reprinted as amended and recommitted to the Committee on Rules

        AN  ACT to amend chapter 504 of the laws of 2009 amending the retirement
          and social security law and other laws relating to establishing police
          and fire retirement provisions,  in  relation  to  persons  joining  a
          public  retirement  system on or after July 1, 2009 and before January
          10, 2010
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Section  8  of  part A of chapter 504 of the laws of 2009
     2  amending the retirement and social security law and other laws  relating
     3  to  establishing  police  and  fire retirement provisions, is amended to
     4  read as follows:
     5    § 8. (a) Notwithstanding any provision of law to the contrary, nothing
     6  in this act shall limit the eligibility of any  member  of  an  employee
     7  organization to join a special retirement plan open to him or her pursu-
     8  ant  to  a  collectively  negotiated  agreement  with any state or local
     9  government employer, where such agreement is in effect on the  effective
    10  date  of this act and so long as such agreement remains in effect there-
    11  after; provided, however, that any such eligibility shall not apply upon
    12  termination of such agreement for employees  otherwise  subject  to  the
    13  provisions  of  article twenty-two of the retirement and social security
    14  law.
    15    (b) Notwithstanding any other provision of law to  the  contrary,  any
    16  member  of a retirement system within New York state who became a member
    17  of such system on or after July 1, 2009 and before January 10, 2010  and
    18  subsequently  become a member of the New York state and local police and
    19  fire retirement system and thereafter transferred his or her  membership
    20  in  the  first  retirement system to the New York state and local police
    21  and fire retirement system may elect to be covered by the provisions  of
    22  article  twenty-two  of the retirement and social security law effective
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14508-08-6
        A. 10369--A                         2
 
     1  on the date of membership in the first retirement  system.  Such  member
     2  shall  also  be permitted to elect any special retirement plan available
     3  to him or her. Any contributions for previous pension benefits shall not
     4  be refunded.
     5    § 2. This act shall take effect immediately.
          FISCAL NOTE. -- Pursuant to Legislative Law, Section 50:
          This  bill  would  amend  Chapter  504 of the Laws of 2009 to allow an
        individual who became a member of a public retirement system on or after
        July 1, 2009 and before January 10, 2010 and who transferred  membership
        into  the  New  York  State  and Local Police and Fire Retirement System
        (PFRS) to elect to be covered by the provisions of  Article  22  of  the
        Retirement and Social Security Law. Such member would also be allowed to
        elect  to  become  covered by any plan that would have been available to
        such member had such member been covered under Article 22  on  or  after
        July 1, 2009 and before January 10, 2010. Any member who becomes covered
        under a non-contributory plan would no longer be required to make member
        contributions.
          If  this  bill is enacted, there would not be any cost to the State of
        New York and the participating employers in the New York State and Local
        Police and Fire Retirement System.
          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 June 7, 2016, and intended for  use  only  during
        the  2016  Legislative Session, is Fiscal Note No. 2016-112, prepared by
        the Actuary for the New York State and Local Retirement System.