Bill S6517-2013

Relates to the authorization of the New York state and local police and fire retirement system to designate Sean William McCabe as a Tier III member

Relates to the authorization of the New York state and local police and fire retirement system to designate Sean William McCabe as a Tier III member.

Details

Actions

  • Jun 20, 2014: COMMITTED TO RULES
  • Jun 2, 2014: ADVANCED TO THIRD READING
  • May 29, 2014: 2ND REPORT CAL.
  • May 28, 2014: 1ST REPORT CAL.989
  • Jan 31, 2014: REFERRED TO CIVIL SERVICE AND PENSIONS

Meetings

Calendars

Votes

VOTE: COMMITTEE VOTE: - Civil Service and Pensions - May 28, 2014
Ayes (8): Golden, Lanza, Martins, Ritchie, Savino, Sanders, Addabbo, Dilan
Ayes W/R (3): Hannon, Maziarz, Perkins

Memo

BILL NUMBER:S6517

TITLE OF BILL: An act in relation to authorizing Sean William McCabe to file a request for change of benefit coverage with the New York state and local police and fire retirement system

PURPOSE:

To authorize Sean William McCabe to file a request for change of benefit coverage with the New York state and local police and fire retirement system.

SUMMARY OF PROVISIONS:

Section 1 states that, notwithstanding any other provision of law, Sean William McCabe, a member of the New York state and local police and fire retirement system who was first employed by the Buffalo Police Department on July 31, 2009, who, for reasons not ascribable to his own negligence, elected to participate in the non-contributory retirement plan, shall be deemed to be covered by the benefits of the retirement plan contained in subdivision f of section 384 retroactive to July 31, 2009 if, within one year of the effective date of this act, he shall file a written request to that effect with the state comptroller. Upon the granting of such status, Sean William McCabe shall be granted a refund of any employee contributions made by him to the New York state and local police and fire retirement system.

Section 2 states all past service costs associated with the implementation of this act shall be borne by the city of Buffalo.

Section 3 contains the effective date.

Fiscal Note - There is an anticipated increase of $5,600 in the annual contributions of the City of Buffalo for the fiscal year ending March 31, 2015. In addition, there will be a past service cost of $12,700, which would be borne by the City of Buffalo as a one-time payment.

JUSTIFICATION:

Sean William McCabe, presently employed by The City of Buffalo, erroneously elected to change his retirement status from Tier 3 to Tier 5. This bill allows Mr. McCabe to be granted Tier 3 status in the New York state and local police and fire retirement system, a status he rightfully earned.

LEGISLATIVE HISTORY:

None.

FISCAL IMPLICATIONS:

Fiscal note from Office of the New York State Comptroller provided.

EFFECTIVE DATE:

Immediately.


Text

STATE OF NEW YORK ________________________________________________________________________ 6517 IN SENATE January 31, 2014 ___________
Introduced by Sen. KENNEDY -- read twice and ordered printed, and when printed to be committed to the Committee on Civil Service and Pensions AN ACT in relation to authorizing Sean William McCabe to file a request for change of benefit coverage with the New York state and local police and fire retirement system 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, Sean William McCabe, who is currently a member of the New York state and local police and fire retirement system, and who was first employed by the Buffalo Police Department on July 31, 2009, and by virtue of his date of employ- ment became a member of the New York state and local police and fire retirement system covered by the benefits of article 14 of the retire- ment and social security law and who, for reasons not ascribable to his own negligence, elected to participate in the non-contributory retire- ment plan contained in subdivision f of section 384 of such law, and who subsequently filed an election to be covered by the benefits of article 22 of such law, shall be deemed to be covered by the benefits of article 14 and the retirement plan contained in subdivision f of section 384 retroactive to July 31, 2009 if, within one year of the effective date of this act, he shall file a written request to that effect with the state comptroller. Upon the granting of such status, Sean William McCabe shall be granted a refund of any employee contributions made by him to the New York state and local police and fire retirement system. S 2. All past service costs associated with the implementation of this act shall be borne by the city of Buffalo. S 3. This act shall take effect immediately. FISCAL NOTE.--This bill will grant Tier 3 status in the New York State and Local Police and Fire Retirement System to Sean William McCabe, who currently has Tier 5 status and is employed by the City of Buffalo as a police officer. He originally was assigned Tier 3 status, but he subse- quently filed an election form to become covered under the provisions of Tier 5, as permitted pursuant to Chapter 501 of the Laws of 2009. Member contributions made while in Tier 5 status will be refunded.

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