Bill Text: NY S05963 | 2019-2020 | General Assembly | Amended

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Bill Title: Authorizes Kevin Gleason, a town of Hamburg police officer, to receive certain credit under section 384-d of the retirement and social security law.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO CIVIL SERVICE AND PENSIONS [S05963 Detail]

Download: New_York-2019-S05963-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                         5963--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  Kevin  Gleason  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, Kevin  Gleason,
     2  currently  a  town  of Hamburg police officer and member of the New York
     3  state and local police and fire retirement  system  covered  by  section
     4  384-d  of  the  retirement and social security law, who between July 27,
     5  1998 and February 28, 2004 was employed by  the  Erie  county  sheriff's
     6  department where he was a member of the New York state and local employ-
     7  ees'  retirement  system, and who, for reasons not ascribable to his own
     8  negligence, was not granted service credit under section  384-d  of  the
     9  retirement and social security law for his period of employment with the
    10  Erie  county  sheriff's department, shall be granted such service credit
    11  under section 384-d of the retirement and social security law and  shall
    12  be  entitled  to  the  full rights and benefits associated with coverage
    13  under such section, provided a request to that effect is filed with  the
    14  state comptroller within one year from the effective date of this act.
    15    § 2. All past service costs incurred in implementing the provisions of
    16  this act shall be borne by the town of Hamburg.
    17    § 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 Kevin Gleason, a current member of the
        New York State and Local Police and Fire Retirement System  (PFRS),  for

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11840-03-9
        S. 5963--B                          2

        the period of July 27, 1998 through February 28, 2004, during which time
        the officer was employed as a deputy sheriff in Erie County.  Currently,
        deputy  sheriff  service  is not creditable in a PFRS twenty year police
        retirement plan.
          If  this  bill  is  enacted during the 2020 legislative session, there
        will be an immediate past service cost of approximately  $165,000  which
        will  be  borne by the Town of Hamburg as a one-time payment. This esti-
        mate is based on the assumption that payment will be made on February 1,
        2021.
          There will be no increase in the annual contributions of the  Town  of
        Hamburg.
          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  6,  2019,  and intended for use only
        during the 2020 Legislative Session, is Fiscal Note No. 2020-9, prepared
        by the Actuary for the New York State and Local Retirement System.