New York State Assembly

 
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A10770 Summary:

A10770 Actions:

A10770 Committee Votes:

Committee:WAYS AND MEANS   Chair:Weinstein      
DATE:06/20/2018AYE/NAY:31/1  Action: Favorable refer to committee Rules        
Weinstein
Aye
Oaks
Aye
Lentol
Aye
Crouch
Aye
Schimminger
Aye
Barclay
Aye
Gantt
Excused
Fitzpatrick
Nay
Glick
Aye
Hawley
Aye
Nolan
Aye
Malliotakis
Aye
Pretlow
Excused
Walter
Aye
Perry
Excused
Montesano
Aye
Colton
Aye
Curran
Aye
Cook
Aye
Ra
Aye
Cahill
Aye
Aubry
Aye
Hooper
Aye
Thiele
Aye
Cusick
Aye
Ortiz
Aye
Benedetto
Aye
Weprin
Aye
Rodriguez
Aye
Ramos
Aye
Braunstein
Aye
McDonald
Aye
Rozic
Aye
Peoples-Stokes
Aye
Simotas
Aye

Committee:RULES   Chair:Heastie      
DATE:06/20/2018AYE/NAY:30/0  Action: Favorable         
Heastie
Aye
Kolb
Aye
Gottfried
Aye
Oaks
Aye
Lentol
Aye
Butler
Aye
Gantt
Excused
Crouch
Aye
Nolan
Aye
Finch
Aye
Weinstein
Aye
Barclay
Aye
Hooper
Aye
Raia
Aye
Ortiz
Aye
Hawley
Aye
Pretlow
Aye
Cook
Aye
Glick
Aye
Morelle
Aye
Aubry
Aye
Englebright
Aye
Dinowitz
Aye
Colton
Aye
Magnarelli
Aye
Perry
Aye
Galef
Aye
Paulin
Aye
Titus
Aye
Peoples-Stokes
Aye
Benedetto
Aye

A10770 Floor Votes:

A10770 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          10770
 
                   IN ASSEMBLY
 
                                      May 17, 2018
                                       ___________
 
        Introduced by M. of A. ERRIGO -- read once and referred to the Committee
          on Governmental Employees
 
        AN  ACT  granting retroactive membership in the New York state and local
          employees' retirement system to Shawn Coveny
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1. Notwithstanding any other law to the contrary, Shawn Cove-
     2  ny, an employee of the New York  State  Department  of  Corrections  and
     3  Community  Supervision  and  a  member  of  the New York state and local
     4  employees' retirement system, who was employed as a New York state  park
     5  aide  for  Letchworth State Park as a seasonal employee in the summer of
     6  2008, who for reasons not ascribable to his own  negligence,  failed  to
     7  become  a  member  of  such  retirement system during such employment by
     8  Letchworth State Park in 2008, shall be deemed to have  joined  the  New
     9  York  state  and  local employees' retirement system on the date May 31,
    10  2008 and shall be granted Tier IV status in such retirement system,  if,
    11  within one year of the effective date of this act, he shall file a writ-
    12  ten request with the state comptroller.
    13    §  2. No contributions made to the New York state and local employees'
    14  retirement system by Shawn Coveny shall be returned or refunded  to  him
    15  pursuant to this act.
    16    § 3. All past service costs of implementing the provisions of this act
    17  shall be borne by the state of New York.
    18    § 4. This act shall take effect immediately.
          FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
          This  bill  will grant retroactive Tier 4 status in the New York State
        and Local Employees' Retirement System to Shawn Covney, a current Tier 6
        member employed by the  NYS  Department  of  Corrections  and  Community
        Supervision,  by  changing  his  date of membership to May 31, 2008, his
        first date of employment with Letchworth State Park. There  will  be  no
        refund of membership contributions.
          If  this  bill  is  enacted during the 2018 legislative session, there
        will be an increase of approximately $3,900 in the annual  contributions
        of  the  State  of  New  York State for the fiscal year ending March 31,
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15719-04-8
        A. 10770                            2
 
        2019. In future years, this cost will vary  as  the  billing  rates  and
        salary of Shawn Coveny change.
          In addition to the annual contributions discussed above, there will be
        an  immediate  past  service  cost of approximately $1,750 which will be
        borne by the State of New York as a one-time payment. This  estimate  is
        based on the assumption that payment will be made on March 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  Assump-
        tions,  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, 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  May 10, 2018, and intended for use only during
        the 2018 Legislative Session, is Fiscal Note No. 2018-100,  prepared  by
        the Actuary for the New York State and Local Retirement System.