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Bill A7459-2013

Grants retroactive tier IV membership in the New York state and local employees' retirement system to Jill Alix, Chris Karwiel, Jessica Strizzi and Taryn Ward

Grants retroactive tier IV membership in the New York state and local employees' retirement system to Jill Alix, Chris Karwiel, Jessica Strizzi and Taryn Ward.

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  • May 21, 2013: referred to governmental employees

Text

STATE OF NEW YORK ________________________________________________________________________ S. 5565 A. 7459 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 IN ASSEMBLY -- Introduced by M. of A. McDONALD -- read once and referred to the Committee on Governmental Employees AN ACT granting retroactive tier IV membership in the New York state and local employees' retirement system to Jill Alix, Chris Karwiel, Jessi- ca Strizzi and Taryn Ward THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Notwithstanding any other provision of law, Jill Alix, a member of the New York state and local employees' retirement system, who was employed on June 20, 2008, by the village of Green Island as a recreation director, and who filed membership applications in such system on June 20, 2008 which should have given her Tier IV status but for reasons not ascribable to her own negligence and due to an adminis- trative error, the application was not processed in the usual manner and therefore not processed until December 17, 2012, may be deemed to have become a member of the New York state and local employees' retirement system on June 20, 2008. S 2. Notwithstanding any other provision of law, Chris Karwiel, a member of the New York state and local employees' retirement system, who was employed on July 19, 2002, by the village of Green Island as a recreation assistant and office assistant, and who filed membership applications in such system on September 13, 2011 which should have given her Tier IV status but for reasons not ascribable to her own negligence and due to an administrative error, the application was not processed in the usual manner and therefore not processed until Septem- ber 13, 2011, may be deemed to have become a member of the New York state and local employees' retirement system on July 19, 2002.
S 3. Notwithstanding any other provision of law, Jessica Strizzi, a member of the New York state and local employees' retirement system, who was employed on June 28, 2007, by the village of Green Island as a recreation assistant, and who filed membership applications in such system on June 28, 2007 which should have given her Tier IV status but for reasons not ascribable to her own negligence and due to an adminis- trative error, the application was not processed in the usual manner and therefore not processed until July 9, 2012, may be deemed to have become a member of the New York state and local employees' retirement system on June 28, 2007. S 4. Notwithstanding any other provision of law, Taryn Ward, a member of the New York state and local employees' retirement system, who was employed on May 27, 2008, by the village of Green Island as an office assistant and member of the park staff, and who filed membership appli- cations in such system on July 19, 2012 which should have given her Tier IV status but for reasons not ascribable to her own negligence and due to an administrative error, the application was not processed in the usual manner and therefore not processed until July 19, 2012, may be deemed to have become a member of the New York state and local employ- ees' retirement system on May 27, 2008. S 5. Any past service costs incurred in implementing the provisions of this act shall be borne by the village of Green Island. S 6. This act shall take effect immediately. FISCAL NOTE--Pursuant to Legislative Law, Section 50: This bill will deem Jill Alix, Chris Karwiel, Jessica Strizzi, and Taryn Ward, employees of the Village of Green Island, to become Tier 4 members of the New York State and Local Employees' Retirement System 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 4.1% of the annual salary of Chris Karwiel (currently a tier 5 member) and 9.5% of the salaries of Jill Alix, Jessica Strizzi, and Taryn Ward (currently tier 6 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 $2,000 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, 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. 2013-137, prepared by the Actuary for the New York State and Local Employees' Retirement System.

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