S04381 Summary:

BILL NOS04381
 
SAME ASNo same as
 
SPONSORFARLEY
 
COSPNSR
 
MLTSPNSR
 
 
Grants Craig Hammer retroactive tier I membership in the New York state and local employees' retirement system.
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S04381 Actions:

BILL NOS04381
 
04/22/2009REFERRED TO CIVIL SERVICE AND PENSIONS
01/06/2010REFERRED TO CIVIL SERVICE AND PENSIONS
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S04381 Floor Votes:

There are no votes for this bill in this legislative session.
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S04381 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          4381
 
                               2009-2010 Regular Sessions
 
                    IN SENATE
 
                                     April 22, 2009
                                       ___________
 
        Introduced  by  Sen.  FARLEY -- read twice and ordered printed, and when
          printed to be committed to the Committee on Civil Service and Pensions
 
        AN ACT granting retroactive tier I membership in the New York state  and
          local employees' retirement system to Craig Hammer
 
          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,  Craig
     2  Hammer, who was employed by the Village of Canajoharie from June 1, 1970
     3  through September 4, 1970 and who, is currently a member of the New York
     4  state  and  local  employees' retirement system, who through no fault of
     5  his own negligence, did not become a member of the New  York  state  and
     6  local  employees'  retirement system on June 1, 1970 when first employed
     7  by the Village of Canajoharie shall be deemed to have been a  member  of
     8  the  New  York state and local employees' retirement system on such date
     9  he commenced such employment with such village, having  tier  1  status,
    10  provided  that an application is filed with the state comptroller within
    11  one year from the effective date of this act.
    12    § 2. Any costs incurred as a result of the enactment of this act shall

    13  be borne by the state of New York.
    14    § 3. This act shall take effect immediately.
          FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
          This bill would deem Craig Hammer, a former employee of the Village of
        Canajoharie, to have become a member of the New  York  State  and  Local
        Employees'  Retirement System on June 1, 1970, thereby granting him Tier
        1 status.
          If this bill is enacted, we anticipate that there will be an  increase
        of  approximately $2,000 in the annual contributions of the State of New
        York.
          In addition to the annual contributions discussed above, there will be
        an immediate past service cost of approximately $130,000 which would  be
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.

                                                                   LBD06168-01-9

        S. 4381                             2
 
        borne  by  the State of New York.  This estimate is based on the assump-
        tion that payment will be made on March 1, 2010.
          This  estimate, dated January 9, 2009 and intended for use only during
        the 2009 Legislative Session, is Fiscal Note No.  2009-93,  prepared  by
        the  Actuary  for  the  New  York  State and Local Employees' Retirement
        System.
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