Bill Text: NY S05566 | 2013-2014 | General Assembly | Amended
Bill Title: Grants retroactive tier V membership in the New York state and local employees' retirement system to Kirsten Mason, Laura Strizzi, Christian Ward and Austin Horton.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Vetoed) 2013-09-27 - VETOED MEMO.232 [S05566 Detail]
Download: New_York-2013-S05566-Amended.html
S T A T E O F N E W Y O R K
________________________________________________________________________
S. 5566--A A. 7457--A
2013-2014 Regular Sessions
S E N A T E - A S S E M B L Y
May 21, 2013
___________
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 -- committee discharged, bill amended, ordered reprinted
as amended and recommitted to said committee
IN ASSEMBLY -- Introduced by M. of A. McDONALD -- read once and referred
to the Committee on Governmental Employees -- committee discharged,
bill amended, ordered reprinted as amended and recommitted to said
committee
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 1, 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 1, 2010, if on or before December 31, 2013 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.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10732-04-3
S. 5566--A 2 A. 7457--A
1 S 2. Notwithstanding any other provision of law, Laura Strizzi, a
2 member of the New York state and local employees' retirement system, who
3 was employed on July 1, 2010, by the village of Green Island as a recre-
4 ation assistant, and who filed membership applications in such system on
5 July 13, 2010 which should have given her Tier V status but for reasons
6 not ascribable to her own negligence and due to an administrative error,
7 the application was not processed in the usual manner and therefore not
8 processed until July 5, 2012, may be deemed to have become a member of
9 the New York state and local employees' retirement system on July 1,
10 2010, if on or before December 31, 2013 she shall file an application
11 therefor with the state comptroller. Upon the receipt of such applica-
12 tion, Laura Strizzi shall be granted Tier V status in the New York state
13 and local employees' retirement system and be eligible for all the
14 rights and benefits thereof. No contributions made to the New York state
15 and local employees' retirement system by Laura Strizzi shall be
16 returned to her pursuant to this act.
17 S 3. Notwithstanding any other provision of law, Christian Ward, a
18 member of the New York state and local employees' retirement system, who
19 was employed on July 1, 2010, by the village of Green Island as a recre-
20 ation assistant, and who filed membership applications in such system on
21 July 14, 2010 which should have given him Tier V status but for reasons
22 not ascribable to his own negligence and due to an administrative error,
23 the application was not processed in the usual manner and therefore not
24 processed until July 5, 2012, may be deemed to have become a member of
25 the New York state and local employees' retirement system on July 1,
26 2010, if on or before December 31, 2013 he shall file an application
27 therefor with the state comptroller. Upon the receipt of such applica-
28 tion, Christian Ward shall be granted Tier V status in the New York
29 state and local employees' retirement system and be eligible for all the
30 rights and benefits thereof. No contributions made to the New York state
31 and local employees' retirement system by Christian Ward shall be
32 returned to him pursuant to this act.
33 S 4. Notwithstanding any other provision of law, Austin Horton, a
34 member of the New York state and local employees' retirement system, who
35 was employed on July 5, 2011, by the village of Green Island as a recre-
36 ation assistant, and who filed membership applications in such system on
37 July 5, 2011 which should have given him Tier V status but for reasons
38 not ascribable to his own negligence and due to an administrative error,
39 the application was not processed in the usual manner and therefore not
40 processed until July 19, 2012, may be deemed to have become a member of
41 the New York state and local employees' retirement system on July 5,
42 2011, if on or before December 31, 2013 he shall file an application
43 therefor with the state comptroller. Upon the receipt of such applica-
44 tion, Austin Horton shall be granted Tier V status in the New York state
45 and local employees' retirement system and be eligible for all the
46 rights and benefits thereof. No contributions made to the New York state
47 and local employees' retirement system by Austin Horton shall be
48 returned to him pursuant to this act.
49 S 5. Any past service costs incurred in implementing the provisions of
50 this act shall be borne by the village of Green Island.
51 S 6. This act shall take effect immediately.
FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
This bill will deem Kirsten Mason, Laura Strizzi, Christian Ward and
Austin Horton, employees of the Village of Green Island, to become Tier
5 members of the New York State and Local Employees' Retirement System
S. 5566--A 3 A. 7457--A
by changing their dates of membership in the System to be the dates they
first were employed by the Village of Green Island.
If this bill is enacted, we anticipate that there will be an increase
in the annual contributions of the Village of Green Island of 5.4% of
the annual salaries of these members for the fiscal year ending March
31, 2014.
In addition to the annual contributions discussed above, there will be
an immediate past service cost of approximately $230 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 would be made on February
1, 2014.
Summary of relevant resources:
Data: March 31, 2012 Actuarial Year End File with distributions of
membership and other statistics displayed in the 2012 Report of the
Actuary and 2012 Comprehensive Annual Financial Report.
Assumptions and Methods: 2010, 2011 and 2012 Annual Report to the
Comptroller on Actuarial Assumptions, Codes Rules and Regulations of the
State of New York: Audit and Control.
Market Assets and GASB Disclosures: March 31, 2012 New York State and
Local Retirement System Financial Statements and Supplementary Informa-
tion.
Valuations of Benefit Liabilities and Actuarial Assets: summarized in
the 2012 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 May 14, 2013 and intended for use only during the
2013 Legislative Session, is Fiscal Note No. 2013-135, prepared by the
Actuary for the New York State and Local Employees' Retirement System.
