STATE OF NEW YORK
________________________________________________________________________
8859
IN SENATE
July 31, 2020
___________
Introduced by Sen. HELMING -- read twice and ordered printed, and when
printed to be committed to the Committee on Rules
AN ACT granting retroactive membership in the New York state and local
employees' retirement system to Justin Whitmore
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, Justin Whit-
2 more, a member of the New York State and Local Police and Fire Retire-
3 ment System currently employed by the city of Rochester, who was
4 employed as a seasonal employee for Sampson State Park, beginning on
5 July 7, 2007, who through no fault of his own, failed to become a member
6 of the New York state and local employees' retirement system during such
7 employment by Sampson State Park in 2007, shall be deemed to have joined
8 the New York state and local employees' retirement system on the date
9 July 7, 2007 and shall be granted Tier IV status in such retirement
10 system, if, within one year of the effective date of this act, he shall
11 file a written request with the state comptroller.
12 § 2. All past service costs of implementing the provisions of this act
13 shall 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 provide Justin R. Whitmore a date of membership of
July 7, 2007 resulting in Tier 2 status in the New York State and Local
Police and Fire Retirement System. The member is currently in Tier 6.
If this bill is enacted during the 2020 legislative session, we antic-
ipate that there will be an increase of approximately $9,200 in the
annual contributions of the City of Rochester for the fiscal year ending
March 31, 2021. In future years, this cost will vary as the billing
rates and salary of the member change.
In addition to the annual contributions discussed above, there will be
an immediate past service cost of approximately $28,400 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, 2021.
Summary of relevant resources:
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD16932-03-0
S. 8859 2
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 July 22, 2020, and intended for use only during
the 2020 Legislative Session, is Fiscal Note No. 2020-131, prepared by
the Actuary for the New York State and Local Retirement System.
