Authorizes Robert Braeuner, a village of East Aurora police officer, to receive certain credit under section 384-d of the retirement and social security law.
STATE OF NEW YORK
________________________________________________________________________
5968--B
2019-2020 Regular Sessions
IN SENATE
May 16, 2019
___________
Introduced by Sens. GALLIVAN, KENNEDY -- read twice and ordered printed,
and when printed to be committed to the Committee on Civil Service and
Pensions -- committee discharged, bill amended, ordered reprinted as
amended and recommitted to said committee -- committee discharged,
bill amended, ordered reprinted as amended and recommitted to said
committee
AN ACT to authorize Robert Braeuner to receive certain credit under
section 384-d of the retirement and social security law
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, Robert Braeun-
2 er, currently a village of East Aurora police officer and member of the
3 New York state and local police and fire retirement system covered by
4 section 384-d of the retirement and social security law, who between
5 September, 1999 and February, 2005 was employed by the Erie county sher-
6 iff's department where he was a member of the New York state and local
7 employees' retirement system, and who, for reasons not ascribable to his
8 own negligence, was not granted service credit under section 384-d of
9 the retirement and social security law for his period of employment with
10 the Erie county sheriff's department, shall be granted such service
11 credit under section 384-d of the retirement and social security law and
12 shall be entitled to the full rights and benefits associated with cover-
13 age under such section, provided a request to that effect is filed with
14 the state comptroller within one year from the effective date of this
15 act.
16 § 2. All past service costs incurred in implementing the provisions of
17 this act shall be borne by the village of East Aurora.
18 § 3. This act shall take effect immediately.
FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
This bill will grant service credit under section 384-d of the Retire-
ment and Social Security Law to Robert Braeuner, a current member of the
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD11844-03-9
S. 5968--B 2
New York State and Local Police and Fire Retirement System (PFRS), for
the period of September, 1999 through February, 2005, during which he
was employed as a deputy sheriff in Erie County. Currently, deputy sher-
iff service is not creditable in a PFRS twenty year police retirement
plan.
If this bill is enacted during the 2020 legislative session and Mr.
Braeuner transfers all applicable service credit to the PFRS, there will
be an immediate past service cost of approximately $248,000 which will
be borne by the Village of East Aurora as a one-time payment. This
estimate is based on the assumption that payment will be made on Febru-
ary 1, 2021.
There will be no increase in the annual contributions of the Village
of East Aurora.
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, 2019 actuarial valu-
ation. Distributions and other statistics can be found in the 2019
Report of the Actuary and the 2019 Comprehensive Annual Financial
Report.
The actuarial assumptions and methods used are described in the 2015,
2016, 2017, 2018 and 2019 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, 2019
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 fiscal note does not constitute a legal opinion on the viability
of the proposed change nor is it intended to serve as a substitute for
the professional judgment of an attorney.
This estimate, dated December 18, 2019, and intended for use only
during the 2020 Legislative Session, is Fiscal Note No. 2020-6, prepared
by the Actuary for the New York State and Local Retirement System.