STATE OF NEW YORK
________________________________________________________________________
5351--A
2013-2014 Regular Sessions
IN SENATE
May 16, 2013
___________
Introduced by Sen. KENNEDY -- read twice and ordered printed, and when
printed to be committed to the Committee on Civil Service and Pensions
-- recommitted to the Committee on Civil Service and Pensions in
accordance with Senate Rule 6, sec. 8 -- committee discharged, bill
amended, ordered reprinted as amended and recommitted to said commit-
tee
AN ACT to authorize Chester S. Kasprzyk to apply for retroactive member-
ship and service credit in the New York state and local employees'
retirement system
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, Chester S.
2 Kasprzyk, a member of the New York state and local employees' retirement
3 system employed by the county of Erie, who was employed by the sewer
4 department of the town of Cheektowaga from July 1, 1975 to 1978, and
5 who, for reasons not ascribable to his own negligence, failed to become
6 a member of the New York state and local employees' retirement system
7 while so employed by the town of Cheektowaga, shall be deemed to have
8 joined the New York state and local employees' retirement system on July
9 1, 1975 and receive service credit in such retirement system for such
10 employment by the town of Cheektowaga, if on or before December 31, 2014
11 he shall file an application therefor with the state comptroller. Upon
12 the receipt of such application, Chester S. Kasprzyk shall be granted
13 Tier II status in the New York state and local employees' retirement
14 system and be eligible for all the rights and benefits thereof.
15 § 2. No contributions made to the New York state and local employees'
16 retirement system by Chester S. Kasprzyk shall be returned to him pursu-
17 ant to this act.
18 § 3. All past service costs of implementing the provisions of this act
19 shall be borne by the town of Cheektowaga.
20 § 4. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD11040-04-4
S. 5351--A 2
FISCAL NOTE.--This bill will deem Chester S. Kasprzyk, currently an
employee of Erie County and a Tier 3 member of the New York State and
Local Employees' Retirement System, to have first become a member of the
Retirement System on July 1, 1975, thereby making him a Tier 2 member.
There will be no refund of Tier 3 member contributions.
If this bill is enacted, we anticipate that there will be an increase
of approximately $5,100 in the annual contributions of Erie County for
the fiscal year ending March 31, 2015. In future years, this cost will
vary as the billing rates and salary of Chester S. Kasprzyk change.
In addition to the annual contributions discussed above, there will be
an immediate past service cost of approximately $67,400 which would be
borne by the town of Cheektowaga as a one-time payment. This estimate is
based on the assumption that payment will be made on February 1, 2015.
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, 2013 actuarial valu-
ation. Distributions and other statistics can be found in the 2013
Report of the Actuary and the 2013 Comprehensive Annual Financial
Report.
The actuarial assumptions and methods used are described in the 2010,
2011, 2012 and 2013 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, 2013
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 30, 2014 and intended for use only during the
2014 Legislative Session, is Fiscal Note No. 2014-141, prepared by the
Actuary for the New York State and Local Employees' Retirement System.