Bill S5588-2011

Grants Randy Prock tier IV membership in the New York state and local employees' retirement system

Grants Randy Prock tier IV membership in the New York state and local employees' retirement system.

Details

Actions

  • Jun 21, 2011: SUBSTITUTED BY A8201
  • Jun 21, 2011: ORDERED TO THIRD READING CAL.1480
  • Jun 21, 2011: COMMITTEE DISCHARGED AND COMMITTED TO RULES
  • Jun 3, 2011: REFERRED TO CIVIL SERVICE AND PENSIONS

Votes

Memo

BILL NUMBER:S5588

TITLE OF BILL: An act granting retroactive tier IV membership in the New York state and local employees' retirement system to Randy Prock

PURPOSE: This bill will correct a clerical error and enable Randy Prock to be retroactively placed in Tier IV of the New York State and Local Employees' Retirement System, recognizing that he had filed a timely membership application with the retirement system.

SUMMARY OF PROVISIONS: Section 1 of the bill grants Randy Prock membership status into Tier IV of the New York State and Local Employees' Retirement System. Section 2 deems that New York State will incur the costs associated with this legislation.

JUSTIFICATION: Randy Prock was employed by the New York State Department of Taxation on August 13, 2009 as a Tax Information Aide. At the time of his hire, Mr. Prock initially declined enrollment in Tier IV of the New York State and Local Employees' Retirement System.

Upon being informed that a new Tier V was to take effect starting January 1, 2010, Mr. Prock completed, signed and notarized an Article 15 Membership Registration form on December 17, 2009.

Following the Department's instructions, Mr. Prock hand-delivered the form to an employee in the Department's administrative section that same day. The form was reviewed by that employee and was placed in an envelope for hand delivery to the Office of Human Resources Management. Unfortunately, although his application had been submitted in a timely manner, the paperwork never made it to the proper recipient and was later found in the employee's personal history folder on January 27th. The form was not processed. This bill would correct that administrative error.

LEGISLATIVE HISTORY: New in 2011.

FISCAL IMPLICATIONS: This bill will deem Randy Prock to have a become a member of the New York State and Local Employees' Retirement System on December 17, 2009, the date he filed a membership application, thereby granting him Tier 4 status.

If this bill is enacted, we anticipate that there will be an increase in the annual contributions of the State of New York for the fiscal year ending March 31, 2012 of approximately $1,150.

In addition to the annual contributions discussed above, there will be a one-time past service cost of approximately $180 which will be borne by the State of New York, assuming a payment date of March 1, 2012.

This estimate, dated May 24, 2011 and intended for use only during the 2011 Legislative Session, is Fiscal Note No. 2011-187, prepared by the Actuary for the New York State and Local Employees' Retirement System.

EFFECTIVE DATE: Immediately.


Text

STATE OF NEW YORK ________________________________________________________________________ 5588 2011-2012 Regular Sessions IN SENATE June 3, 2011 ___________
Introduced by Sen. FARLEY -- read twice and ordered printed, and when printed to be committed to the Committee on Civil Service and Pensions AN ACT granting retroactive tier IV membership in the New York state and local employees' retirement system to Randy Prock 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, Randy Prock, a member of the New York state and local employees' retirement system, who was employed on August 13, 2009, by the Department of Taxation and Finance as a temporary Tax Information Aid, who filed a membership application in such system on December 17, 2009, which should have given him Tier IV 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, may be deemed to have become a member of the New York state and local employees' retirement system on December 17, 2009. S 2. Any past service costs incurred in implementing the provisions of this act shall be borne by the state. S 3. This act shall take effect immediately. FISCAL NOTE.--Pursuant to Legislative Law, Section 50: This bill will deem Randy Prock to have become a member of the New York State and Local Employees' Retirement System on December 17, 2009, the date he filed a membership application, thereby granting him Tier 4 status. If this bill is enacted, we anticipate that there will be an increase in the annual contributions of the State of New York for the fiscal year ending March 31, 2012 of approximately $1,150. In addition to the annual contributions discussed above, there will be a one-time past service cost of approximately $180 which will be borne by the State of New York, assuming a payment date of March 1, 2012. This estimate, dated May 24, 2011 and intended for use only during the 2011 Legislative Session, is Fiscal Note No. 2011-187, prepared by the Actuary for the New York State and Local Employees' Retirement System.

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