Bill Text: NY A08672 | 2011-2012 | General Assembly | Amended
Bill Title: Grants retroactive tier IV membership in the New York state and local employees' retirement system to Tamara Hemminger.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2012-07-18 - signed chap.226 [A08672 Detail]
Download: New_York-2011-A08672-Amended.html
S T A T E O F N E W Y O R K
________________________________________________________________________
8672--A
2011-2012 Regular Sessions
I N A S S E M B L Y
October 27, 2011
___________
Introduced by M. of A. KOLB -- read once and referred to the Committee
on Governmental Employees -- recommitted to the Committee on Govern-
mental Employees in accordance with Assembly Rule 3, sec. 2 -- commit-
tee discharged, bill amended, ordered reprinted as amended and recom-
mitted to said committee
AN ACT granting retroactive tier IV membership in the New York state and
local employees' retirement system to Tamara Hemminger
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, Tamara Hemming-
2 er, a member of the New York state and local employees' retirement
3 system, who was employed on December 7, 2009, by the department of labor
4 as a labor services representative, who filed a membership application
5 in such system on December 17, 2009, which should have given her Tier IV
6 status but for reasons not ascribable to her own negligence and due to
7 an administrative error, the application was not processed in the usual
8 manner and therefore not processed, may be deemed to have become a
9 member of the New York state and local employees' retirement system on
10 December 17, 2009.
11 S 2. Any past service costs incurred in implementing the provisions of
12 this act shall be borne by the state.
13 S 3. This act shall take effect immediately.
FISCAL NOTE.--Pursuant to Legislative Law, Section 50: This bill will
deem Tamara Hemminger, currently an employee of the Canandaigua City
School District and formerly an employee of the New York State Depart-
ment of Labor, to have become a member of the New York State and Local
Employees' Retirement System on December 17, 2009, thereby granting her
Tier 4 status.
If this legislation is enacted during the 2012 legislative session, we
anticipate that there will be an increase of approximately $1,500 in the
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD13401-03-2
A. 8672--A 2
annual contributions of the Canandaigua City School District for the
fiscal year ending March 31, 2013.
In addition to the annual contributions discussed above, there will be
an immediate past service cost of approximately $2,280, which would be
borne by the State of New York as a one-time payment. This estimate is
based on the assumption that payment would be made on March 1, 2013.
Summary of relevant resources:
Data: March 31, 2011 Actuarial Year End File with distributions of
membership and other statistics displayed in the 2011 Report of the
Actuary and 2011 Comprehensive Annual Financial Report.
Assumptions and Methods: 2010 and 2011 Annual Report to the Comp-
troller on Actuarial Assumptions, Codes Rules and Regulations of the
State of New York: Audit and Control.
Market Assets and GASB Disclosures: March 31, 2011 New York State and
Local Retirement System Financial Statements and Supplementary Informa-
tion.
Valuations of Benefit Liabilities and Actuarial Assets: summarized in
the 2011 Actuarial Valuations report.
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 February 8, 2012, and intended for use only
during the 2012 Legislative Session, is Fiscal Note No. 2012-84,
prepared by the Actuary for the New York State and Local Employees'
Retirement System.
