This bill has been amended

Bill S5566-2013

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

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.

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  • May 21, 2013: REFERRED TO CIVIL SERVICE AND PENSIONS

Memo

BILL NUMBER:S5566

TITLE OF BILL: 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

PURPOSE OR GENERAL IDEA OF BILL: The purpose of this bill is to authorize Kirsten Mason, Laura Strizzi, Christian Ward and Austin Horton retroactive tier membership in Tier V by changing their dates of membership in the System to be the dates they first were employed by the village of Green Island.

SUMMARY OF SPECIFIC PROVISIONS: Section one of this bill deems Kirsten Mason a member of the retirement system as of the date of her employment, on July 1, 2010, by the village of Green Island.

Section two of this bill deems Laura Strizzi a member of the retirement system as of the date of her employment, on July 1 2010, by the village of Green Island.

Section three of this bill deems Christian Ward a member of the retirement system as of the date of his employment, on July 1, 2010, by the village of Green Island.

Section four of this bill deems Austin Horton a member of the retirement system as of the date of his employment and membership application, on July 5, 2011.

Section five provides that all past service costs will be borne by the village of Green Island.

Section six provides for an immediate effective date.

JUSTIFICATION: Kirsten Mason, Laura Strizzi, Christian Ward and Austin Horton should be reinstated into Tier V based upon their dates of employment by the village of Green Island. For reasons not ascribable to their own negligence and due to an administrative error, their applications were not processed in the usual manner therefore incorrectly placing them in Tier VI.

PRIOR LEGISLATIVE HISTORY: New bill

FISCAL IMPLICATIONS: There is an immediate past service cost of approximately $230 which will be borne by the village of Green Island.

EFFECTIVE DATE: Effective immediately


Text

STATE OF NEW YORK ________________________________________________________________________ S. 5566 A. 7457 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 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: Section 1. Notwithstanding any other provision of law, Kirsten Mason, a member of the New York state and local employees' retirement system, who was employed on July 1, 2010, by the village of Green Island as a recreation assistant, and who filed membership applications in such system on July 7, 2010 which should have given her Tier V status but for reasons not ascribable to her own negligence and due to an administra- tive error, the application was not processed in the usual manner and therefore not processed until August 16, 2012, may be deemed to have become a member of the New York state and local employees' retirement system on July 1, 2010. S 2. Notwithstanding any other provision of law, Laura Strizzi, a member of the New York state and local employees' retirement system, who was employed on July 1, 2010, by the village of Green Island as a recre- ation assistant, and who filed membership applications in such system on July 13, 2010 which should have given her Tier V 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 5, 2012, may be deemed to have become a member of the New York state and local employees' retirement system on July 1, 2010.
S 3. Notwithstanding any other provision of law, Christian Ward, a member of the New York state and local employees' retirement system, who was employed on July 1, 2010, by the village of Green Island as a recre- ation assistant, and who filed membership applications in such system on July 14, 2010 which should have given him Tier V status but for reasons not ascribable to his own negligence and due to an administrative error, the application was not processed in the usual manner and therefore not processed until July 5, 2012, may be deemed to have become a member of the New York state and local employees' retirement system on July 1, 2010. S 4. Notwithstanding any other provision of law, Austin Horton, a member of the New York state and local employees' retirement system, who was employed on July 5, 2011, by the village of Green Island as a recre- ation assistant, and who filed membership applications in such system on July 5, 2011 which should have given him Tier V status but for reasons not ascribable to his 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 employees' retirement system on July 5, 2011. 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 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 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.

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