New York State Assembly

 
•  Summary 
 
•  Actions 
 
•  Floor Votes 
 
•  Memo 
 
•  Text 

S06935 Summary:

S06935 Actions:

S06935 Floor Votes:

S06935 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
            S. 6935                                                  A. 9237
 
                SENATE - ASSEMBLY
 
                                      April 2, 2014
                                       ___________
 
        IN SENATE -- Introduced by Sen. BRESLIN -- read twice and ordered print-
          ed, and when printed to be committed to the Committee on Civil Service
          and Pensions
 
        IN ASSEMBLY -- Introduced by M. of A. McDONALD -- read once and referred
          to the Committee on Governmental Employees
 
        AN  ACT granting retroactive tier V membership in the New York state and

          local employees' retirement system to Kirsten  Mason,  Laura  Strizzi,
          Christian Ward and Austin Horton
 
          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, Kirsten  Mason,
     2  a  member  of the New York state and local employees' retirement system,
     3  who was employed on July 5, 2010, by the village of Green  Island  as  a
     4  recreation  assistant,  and  who  filed  membership applications in such
     5  system on July 7, 2010 which should have given her Tier V status but for
     6  reasons not ascribable to her own negligence and due to  an  administra-
     7  tive  error,  the  application was not processed in the usual manner and
     8  therefore not processed until August 16, 2012, may  be  deemed  to  have
     9  become  a  member  of the New York state and local employees' retirement

    10  system on July 5, 2010, if on or before December 31, 2014 she shall file
    11  an application therefor with the state comptroller.  Upon the receipt of
    12  such application, Kirsten Mason shall be granted Tier V  status  in  the
    13  New  York  state  and local employees' retirement system and be eligible
    14  for all the rights and benefits thereof. No contributions  made  to  the
    15  New  York  state and local employees' retirement system by Kirsten Mason
    16  shall be returned to her pursuant to this act.
    17    § 2. Notwithstanding any other provision  of  law,  Laura  Strizzi,  a
    18  member of the New York state and local employees' retirement system, who
    19  was employed on July 5, 2010, by the village of Green Island as a recre-
    20  ation assistant, and who filed membership applications in such system on
    21  July  13, 2010 which should have given her Tier V status but for reasons

    22  not ascribable to her own negligence and due to an administrative error,
    23  the application was not processed in the usual manner and therefore  not
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13411-02-4
        S. 6935                             2                            A. 9237
 
     1  processed  until  July 5, 2012, may be deemed to have become a member of
     2  the New York state and local employees' retirement  system  on  July  5,
     3  2010,  if  on  or before December 31, 2014 she shall file an application
     4  therefor  with  the state comptroller. Upon the receipt of such applica-
     5  tion, Laura Strizzi shall be granted Tier V status in the New York state

     6  and local employees' retirement system  and  be  eligible  for  all  the
     7  rights and benefits thereof. No contributions made to the New York state
     8  and  local  employees'  retirement  system  by  Laura  Strizzi  shall be
     9  returned to her pursuant to this act.
    10    § 3. Notwithstanding any other provision of  law,  Christian  Ward,  a
    11  member of the New York state and local employees' retirement system, who
    12  was employed on July 5, 2010, by the village of Green Island as a recre-
    13  ation assistant, and who filed membership applications in such system on
    14  July  14, 2010 which should have given him Tier V status but for reasons
    15  not ascribable to his own negligence and due to an administrative error,
    16  the application was not processed in the usual manner and therefore  not
    17  processed  until  July 5, 2012, may be deemed to have become a member of

    18  the New York state and local employees' retirement  system  on  July  5,
    19  2010,  if  on  or  before December 31, 2014 he shall file an application
    20  therefor with the state comptroller. Upon the receipt of  such  applica-
    21  tion,  Christian  Ward  shall  be  granted Tier V status in the New York
    22  state and local employees' retirement system and be eligible for all the
    23  rights and benefits thereof. No contributions made to the New York state
    24  and local employees'  retirement  system  by  Christian  Ward  shall  be
    25  returned to him pursuant to this act.
    26    §  4.  Notwithstanding  any  other  provision of law, Austin Horton, a
    27  member of the New York state and local employees' retirement system, who
    28  was employed on July 5, 2011, by the village of Green Island as a recre-
    29  ation assistant, and who filed membership applications in such system on

    30  July 5, 2011 which should have given him Tier V status but  for  reasons
    31  not ascribable to his own negligence and due to an administrative error,
    32  the  application was not processed in the usual manner and therefore not
    33  processed until July 19, 2012, may be deemed to have become a member  of
    34  the  New  York  state  and local employees' retirement system on July 5,
    35  2011, if on or before December 31, 2014 he  shall  file  an  application
    36  therefor  with  the state comptroller. Upon the receipt of such applica-
    37  tion, Austin Horton shall be granted Tier V status in the New York state
    38  and local employees' retirement system  and  be  eligible  for  all  the
    39  rights and benefits thereof. No contributions made to the New York state
    40  and  local  employees'  retirement  system  by  Austin  Horton  shall be
    41  returned to him pursuant to this act.

    42    § 5. Any past service costs incurred in implementing the provisions of
    43  this act shall be borne by the village of Green Island.
    44    § 6. This act shall take effect immediately.
          FISCAL NOTE.-- Pursuant to Legislative Law, Section 50:
          This bill will allow four employees of the Village of Green  Island  -
        Kirsten  Mason,  Laura  Strizzi,  Christian  Ward and Austin Horton - to
        receive retroactive dates of membership in the New York State and  Local
        Employees'  Retirement System, thereby changing their plan coverage from
        Tier 6 to Tier 5.
          If this bill is enacted, we anticipate that there will be an  increase
        of  approximately  $130  in  the  annual contributions of the Village of
        Green Island for the fiscal year ending March 31, 2015. In future years,
        this cost will vary as the  billing  rates  and  salaries  of  the  four
        affected members change.

        S. 6935                             3                            A. 9237
 
          In addition to the annual contributions discussed above, there will be
        an  immediate  past  service  cost  of approximately $320 which would be
        borne by the Village of Green Island as a one-time payment.  This  esti-
        mate 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 January 14, 2014 and intended for use only during
        the  2014  Legislative  Session, is Fiscal Note No. 2014-53, prepared by
        the Actuary for the New  York  State  and  Local  Employees'  Retirement
        System.