NY State Assembly Bill 2013-A4916C

Archive: Last Bill Status - In Assembly Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jun 11, 2014	print number 4916c
Jun 11, 2014	amend and recommit to ways and means
Jun 10, 2014	reported referred to ways and means
Jan 13, 2014	committed to governmental employees
Jan 08, 2014	ordered to third reading cal.218 returned to assembly died in senate
Jun 19, 2013	referred to rules delivered to senate passed assembly
Jun 18, 2013	ordered to third reading rules cal.416 rules report cal.416 reported
Jun 17, 2013	reported referred to rules
Jun 13, 2013	reported referred to ways and means
Jun 10, 2013	print number 4916b
Jun 10, 2013	amend and recommit to governmental employees
Jun 05, 2013	print number 4916a
Jun 05, 2013	amend (t) and recommit to governmental employees
Feb 13, 2013	referred to governmental employees

Bill Amendments

Original

C (Active)

co-Sponsors

multi-Sponsors

2013-A4916 - Details

See Senate Version of this Bill:: S4979
Current Committee:: Assembly Ways And Means
Law Section:: Retirement and Social Security Law
Laws Affected:: Add §§74-a & 374-a, R & SS L
Versions Introduced in Other Legislative Sessions:: 2009-2010: A7168
2011-2012: A5088
2015-2016: A6045, S4141

2013-A4916 - Summary

Provides beneficiaries with the same allocation of retirement benefits if the member has the service retirement application, disability retirement applications or option election forms postmarked prior to his or her death.

2013-A4916 - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  4916

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            February 13, 2013
                               ___________

Introduced  by M. of A. ABBATE, COLTON -- Multi-Sponsored by -- M. of A.
  AUBRY -- read once and  referred  to  the  Committee  on  Governmental
  Employees

AN ACT to amend the retirement and social security law and the education
  law,  in  relation to providing beneficiaries with the same allocation
  of retirement benefits if the member has the service retirement appli-
  cation, disability retirement applications or  option  election  forms
  postmarked prior to his or her death

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The retirement and social security law is amended by adding
a new section 74-a to read as follows:
  S 74-A. APPLICATIONS AND ELECTIONS; ISSUES DUE TO DEATH.   WHENEVER  A
STATUTE  REQUIRES THAT A DOCUMENT MUST BE FILED OR MONEYS DEPOSITED WITH
THE SYSTEM WITHIN A PRESCRIBED PERIOD OF TIME OR BY A SPECIFIED DATE  IN
ORDER  FOR  A MEMBER TO BE ELIGIBLE FOR SERVICE CREDIT OR A BENEFIT FROM
THE SYSTEM THE DOCUMENT SHALL BE DEEMED FILED OR  THE  MONEYS  DEPOSITED
WITH  THE  SYSTEM  ON  THE DAY THEY ARE CLEARLY POSTMARKED BY THE UNITED
STATES POSTAL SERVICE AS THE RETIREMENT SYSTEM MAY  SPECIFICALLY  PERMIT
BY  RULE  OR  REGULATION. NOTWITHSTANDING THE PROVISIONS HEREOF, NO SUCH
DOCUMENT SHALL BE DEEMED FILED OR MONEYS DEPOSITED WITH  THE  SYSTEM  ON
THE  DAY OF MAILING UNLESS ACTUALLY RECEIVED BY THE RETIREMENT SYSTEM AS
A RESULT OF SUCH MAILING.
  S 2. The retirement and social security law is amended by adding a new
section 374-a to read as follows:
  S 374-A. APPLICATIONS AND ELECTIONS; ISSUES DUE TO DEATH.  WHENEVER  A
STATUTE  REQUIRES THAT A DOCUMENT MUST BE FILED OR MONEYS DEPOSITED WITH
THE SYSTEM WITHIN A PRESCRIBED PERIOD OF TIME OR BY A SPECIFIED DATE  IN
ORDER  FOR  A MEMBER TO BE ELIGIBLE FOR SERVICE CREDIT OR A BENEFIT FROM
THE SYSTEM THE DOCUMENT SHALL BE DEEMED FILED OR  THE  MONEYS  DEPOSITED
WITH  THE  SYSTEM  ON  THE DAY THEY ARE CLEARLY POSTMARKED BY THE UNITED

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08248-01-3

A. 4916                             2

STATES POSTAL SERVICE AS THE RETIREMENT SYSTEM MAY  SPECIFICALLY  PERMIT
BY  RULE  OR  REGULATION. NOTWITHSTANDING THE PROVISIONS HEREOF, NO SUCH
DOCUMENT SHALL BE DEEMED FILED OR MONEYS DEPOSITED WITH  THE  SYSTEM  ON
THE  DAY OF MAILING UNLESS ACTUALLY RECEIVED BY THE RETIREMENT SYSTEM AS
A RESULT OF SUCH MAILING.
  S 3. Subdivision 19 of section 508 of the education law, as amended by
chapter 248 of the laws of 2003, is amended to read as follows:
  19. Whenever a statute requires that  a  document  must  be  filed  or
moneys  deposited  with the system within a prescribed period of time or
by a specified date in order for a member to  be  eligible  for  service
credit  or  a benefit from the system the document shall be deemed filed
or the moneys deposited with the system on  the  day  they  are  [mailed
through]   CLEARLY  POSTMARKED  BY  the  United  States  postal  service
[provided the mailing is by registered or certified mail or  such  other
equivalent  service provided by the United States postal service] as the
retirement board may specifically permit by rule or regulation. Notwith-
standing the provisions hereof, no such document shall be  deemed  filed
or moneys deposited with the system on the day of mailing unless actual-
ly received by the retirement system as a result of such mailing.
  S 4. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
  This  bill  would  amend  certain  filing requirements of the New York
State and Local Employees' Retirement System  (ERS)  and  the  New  York
State  and Local Police and Fire Retirement System (PFRS) by setting the
date of filing as the date of postmark for any document that has  to  be
filed,  or  payment  that has to be made by a specified date or within a
prescribed time period.
  If this bill is enacted, we anticipate that the cost impact  would  be
negligible.
  ERS costs: Pursuant to Section 25 of the Retirement and Social Securi-
ty  Law,  any  cost incurred would be borne by the State of New York and
would require an itemized appropriation by the State of New York  suffi-
cient to pay the cost of the provision.
  PFRS  costs  would  be shared by the State of New York and all partic-
ipating employers in the PFRS.
  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 December 17, 2012,  and  intended  for  use  only
during  the  2013  Legislative  Session,  is  Fiscal  Note  No. 2013-27,
prepared by the Actuary for the New  York  State  and  Local  Employees'
Retirement  System  and  the  New  York  State and Local Police and Fire
Retirement System.

co-Sponsors

multi-Sponsors

2013-A4916A - Details

See Senate Version of this Bill:: S4979
Current Committee:: Assembly Ways And Means
Law Section:: Retirement and Social Security Law
Laws Affected:: Add §§74-a & 374-a, R & SS L
Versions Introduced in Other Legislative Sessions:: 2009-2010: A7168
2011-2012: A5088
2015-2016: A6045, S4141

2013-A4916A - Summary

2013-A4916A - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 4916--A

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            February 13, 2013
                               ___________

Introduced  by M. of A. ABBATE, COLTON -- Multi-Sponsored by -- M. of A.
  AUBRY -- read once and  referred  to  the  Committee  on  Governmental
  Employees  -- committee discharged, bill amended, ordered reprinted as
  amended and recommitted to said committee

AN ACT to amend the retirement and social security law, in  relation  to
  providing  beneficiaries  with the same allocation of retirement bene-
  fits if the member has the service retirement application,  disability
  retirement  applications  or option election forms postmarked prior to
  his or her death

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The retirement and social security law is amended by adding
a new section 74-a to read as follows:
  S  74-A.  APPLICATIONS AND ELECTIONS; ISSUES DUE TO DEATH.  WHENEVER A
STATUTE REQUIRES THAT A DOCUMENT MUST BE FILED OR MONEYS DEPOSITED  WITH
THE  SYSTEM WITHIN A PRESCRIBED PERIOD OF TIME OR BY A SPECIFIED DATE IN
ORDER FOR A MEMBER TO BE ELIGIBLE FOR SERVICE CREDIT OR A  BENEFIT  FROM
THE  SYSTEM  THE  DOCUMENT SHALL BE DEEMED FILED OR THE MONEYS DEPOSITED
WITH THE SYSTEM ON THE DAY THEY ARE CLEARLY  POSTMARKED  BY  THE  UNITED
STATES  POSTAL  SERVICE AS THE RETIREMENT SYSTEM MAY SPECIFICALLY PERMIT
BY RULE OR REGULATION. NOTWITHSTANDING THE PROVISIONS  HEREOF,  NO  SUCH
DOCUMENT  SHALL  BE  DEEMED FILED OR MONEYS DEPOSITED WITH THE SYSTEM ON
THE DAY OF MAILING UNLESS ACTUALLY RECEIVED BY THE RETIREMENT SYSTEM  AS
A RESULT OF SUCH MAILING.
  S 2. The retirement and social security law is amended by adding a new
section 374-a to read as follows:
  S  374-A. APPLICATIONS AND ELECTIONS; ISSUES DUE TO DEATH.  WHENEVER A
STATUTE REQUIRES THAT A DOCUMENT MUST BE FILED OR MONEYS DEPOSITED  WITH
THE  SYSTEM WITHIN A PRESCRIBED PERIOD OF TIME OR BY A SPECIFIED DATE IN
ORDER FOR A MEMBER TO BE ELIGIBLE FOR SERVICE CREDIT OR A  BENEFIT  FROM
THE  SYSTEM  THE  DOCUMENT SHALL BE DEEMED FILED OR THE MONEYS DEPOSITED

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08248-04-3

A. 4916--A                          2

WITH THE SYSTEM ON THE DAY THEY ARE CLEARLY  POSTMARKED  BY  THE  UNITED
STATES  POSTAL  SERVICE AS THE RETIREMENT SYSTEM MAY SPECIFICALLY PERMIT
BY RULE OR REGULATION. NOTWITHSTANDING THE PROVISIONS  HEREOF,  NO  SUCH
DOCUMENT  SHALL  BE  DEEMED FILED OR MONEYS DEPOSITED WITH THE SYSTEM ON
THE DAY OF MAILING UNLESS ACTUALLY RECEIVED BY THE RETIREMENT SYSTEM  AS
A RESULT OF SUCH MAILING.
  S 3. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
  This  bill  would  amend  certain  filing requirements of the New York
State and Local Employees' Retirement System  (ERS)  and  the  New  York
State  and Local Police and Fire Retirement System (PFRS) by setting the
date of filing as the date of postmark for any document that has  to  be
filed,  or  payment  that has to be made by a specified date or within a
prescribed time period.
  If this bill is enacted, we anticipate that the cost impact  would  be
negligible.
  ERS costs: Pursuant to Section 25 of the Retirement and Social Securi-
ty  Law,  any  cost incurred would be borne by the State of New York and
would require an itemized appropriation by the State of New York  suffi-
cient to pay the cost of the provision.
  PFRS  costs  would  be shared by the State of New York and all partic-
ipating employers in the PFRS.
  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 December 17, 2012,  and  intended  for  use  only
during  the  2013  Legislative  Session,  is  Fiscal  Note  No. 2013-27,
prepared by the Actuary for the New  York  State  and  Local  Employees'
Retirement  System  and  the  New  York  State and Local Police and Fire
Retirement System.

co-Sponsors

multi-Sponsors

2013-A4916B - Details

See Senate Version of this Bill:: S4979
Current Committee:: Assembly Ways And Means
Law Section:: Retirement and Social Security Law
Laws Affected:: Add §§74-a & 374-a, R & SS L
Versions Introduced in Other Legislative Sessions:: 2009-2010: A7168
2011-2012: A5088
2015-2016: A6045, S4141

2013-A4916B - Summary

2013-A4916B - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 4916--B

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            February 13, 2013
                               ___________

Introduced  by M. of A. ABBATE, COLTON -- Multi-Sponsored by -- M. of A.
  AUBRY -- read once and  referred  to  the  Committee  on  Governmental
  Employees  -- committee discharged, bill amended, ordered reprinted as
  amended and recommitted to said committee -- again reported from  said
  committee  with amendments, ordered reprinted as amended and recommit-
  ted to said committee

AN ACT to amend the retirement and social security law, in  relation  to
  providing  beneficiaries  with the same allocation of retirement bene-
  fits if the member has the service retirement application,  disability
  retirement  applications  or option election forms postmarked prior to
  his or her death

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The retirement and social security law is amended by adding
a new section 74-a to read as follows:
  S  74-A.  APPLICATIONS AND ELECTIONS; ISSUES DUE TO DEATH.  WHENEVER A
STATUTE REQUIRES THAT A DOCUMENT MUST BE FILED OR MONEYS DEPOSITED  WITH
THE  SYSTEM WITHIN A PRESCRIBED PERIOD OF TIME OR BY A SPECIFIED DATE IN
ORDER FOR A MEMBER TO BE ELIGIBLE FOR SERVICE CREDIT OR A  BENEFIT  FROM
THE  SYSTEM  THE  DOCUMENT SHALL BE DEEMED FILED OR THE MONEYS DEPOSITED
WITH THE SYSTEM ON THE DAY THEY ARE CLEARLY  POSTMARKED  BY  THE  UNITED
STATES  POSTAL  SERVICE AS THE RETIREMENT SYSTEM MAY SPECIFICALLY PERMIT
BY RULE OR REGULATION. NOTWITHSTANDING THE PROVISIONS  HEREOF,  NO  SUCH
DOCUMENT  SHALL  BE  DEEMED FILED OR MONEYS DEPOSITED WITH THE SYSTEM ON
THE DAY OF MAILING UNLESS ACTUALLY RECEIVED BY THE RETIREMENT SYSTEM  AS
A RESULT OF SUCH MAILING.
  S 2. The retirement and social security law is amended by adding a new
section 374-a to read as follows:
  S  374-A. APPLICATIONS AND ELECTIONS; ISSUES DUE TO DEATH.  WHENEVER A
STATUTE REQUIRES THAT A DOCUMENT MUST BE FILED OR MONEYS DEPOSITED  WITH
THE  SYSTEM WITHIN A PRESCRIBED PERIOD OF TIME OR BY A SPECIFIED DATE IN

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08248-06-3

A. 4916--B                          2

ORDER FOR A MEMBER TO BE ELIGIBLE FOR SERVICE CREDIT OR A  BENEFIT  FROM
THE  SYSTEM  THE  DOCUMENT SHALL BE DEEMED FILED OR THE MONEYS DEPOSITED
WITH THE SYSTEM ON THE DAY THEY ARE CLEARLY  POSTMARKED  BY  THE  UNITED
STATES  POSTAL  SERVICE AS THE RETIREMENT SYSTEM MAY SPECIFICALLY PERMIT
BY RULE OR REGULATION. NOTWITHSTANDING THE PROVISIONS  HEREOF,  NO  SUCH
DOCUMENT  SHALL  BE  DEEMED FILED OR MONEYS DEPOSITED WITH THE SYSTEM ON
THE DAY OF MAILING UNLESS ACTUALLY RECEIVED BY THE RETIREMENT SYSTEM  AS
A RESULT OF SUCH MAILING.
  S  3. Notwithstanding any other provision of law to the contrary, none
of the provisions of this act shall be subject  to  section  25  of  the
retirement and social security law.
  S 4. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
  This  bill  would  amend  certain  filing requirements of the New York
State and Local Employees' Retirement System  (ERS)  and  the  New  York
State  and Local Police and Fire Retirement System (PFRS) by setting the
date of filing as the date of postmark for any document that has  to  be
filed,  or  payment  that has to be made by a specified date or within a
prescribed time period.
  If this bill is enacted, we anticipate that the cost impact  would  be
negligible.
  ERS costs: Pursuant to Section 25 of the Retirement and Social Securi-
ty  Law,  any  cost incurred would be borne by the State of New York and
would require an itemized appropriation by the State of New York  suffi-
cient to pay the cost of the provision.
  PFRS  costs  would  be shared by the State of New York and all partic-
ipating employers in the PFRS.
  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 December 17, 2012,  and  intended  for  use  only
during  the  2013  Legislative  Session,  is  Fiscal  Note  No. 2013-27,
prepared by the Actuary for the New  York  State  and  Local  Employees'
Retirement  System  and  the  New  York  State and Local Police and Fire
Retirement System.

co-Sponsors

multi-Sponsors

2013-A4916C (ACTIVE) - Details

See Senate Version of this Bill:: S4979
Current Committee:: Assembly Ways And Means
Law Section:: Retirement and Social Security Law
Laws Affected:: Add §§74-a & 374-a, R & SS L
Versions Introduced in Other Legislative Sessions:: 2009-2010: A7168
2011-2012: A5088
2015-2016: A6045, S4141

2013-A4916C (ACTIVE) - Summary

2013-A4916C (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 4916--C

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            February 13, 2013
                               ___________

Introduced  by M. of A. ABBATE, COLTON, FAHY -- Multi-Sponsored by -- M.
  of A. AUBRY, MOSLEY -- read once and  referred  to  the  Committee  on
  Governmental  Employees -- committee discharged, bill amended, ordered
  reprinted as amended  and  recommitted  to  said  committee  --  again
  reported  from  said  committee  with amendments, ordered reprinted as
  amended and recommitted to said committee -- ordered to a third  read-
  ing  --  committed  to  the  Committee  on  Governmental  Employees --
  reported and referred to the Committee on Ways and Means --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN  ACT  to amend the retirement and social security law, in relation to
  providing beneficiaries with the same allocation of  retirement  bene-
  fits  if the member has the service retirement application, disability
  retirement applications or option election forms postmarked  prior  to
  his or her death

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The retirement and social security law is amended by adding
a new section 74-a to read as follows:
  S 74-A. APPLICATIONS AND ELECTIONS; ISSUES DUE TO DEATH.   WHENEVER  A
STATUTE  REQUIRES THAT A DOCUMENT MUST BE FILED OR MONEYS DEPOSITED WITH
THE SYSTEM WITHIN A PRESCRIBED PERIOD OF TIME OR BY A SPECIFIED DATE  IN
ORDER  FOR  A MEMBER TO BE ELIGIBLE FOR SERVICE CREDIT OR A BENEFIT FROM
THE SYSTEM THE DOCUMENT SHALL BE DEEMED FILED OR  THE  MONEYS  DEPOSITED
WITH  THE  SYSTEM  ON  THE DAY THEY ARE CLEARLY POSTMARKED BY THE UNITED
STATES POSTAL SERVICE AS THE RETIREMENT SYSTEM MAY  SPECIFICALLY  PERMIT
BY  RULE  OR  REGULATION. NOTWITHSTANDING THE PROVISIONS HEREOF, NO SUCH
DOCUMENT SHALL BE DEEMED FILED OR MONEYS DEPOSITED WITH  THE  SYSTEM  ON
THE  DAY OF MAILING UNLESS ACTUALLY RECEIVED BY THE RETIREMENT SYSTEM AS
A RESULT OF SUCH MAILING.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08248-08-4

A. 4916--C                          2

  S 2. The retirement and social security law is amended by adding a new
section 374-a to read as follows:
  S  374-A. APPLICATIONS AND ELECTIONS; ISSUES DUE TO DEATH.  WHENEVER A
STATUTE REQUIRES THAT A DOCUMENT MUST BE FILED OR MONEYS DEPOSITED  WITH
THE  SYSTEM WITHIN A PRESCRIBED PERIOD OF TIME OR BY A SPECIFIED DATE IN
ORDER FOR A MEMBER TO BE ELIGIBLE FOR SERVICE CREDIT OR A  BENEFIT  FROM
THE  SYSTEM  THE  DOCUMENT SHALL BE DEEMED FILED OR THE MONEYS DEPOSITED
WITH THE SYSTEM ON THE DAY THEY ARE CLEARLY  POSTMARKED  BY  THE  UNITED
STATES  POSTAL  SERVICE AS THE RETIREMENT SYSTEM MAY SPECIFICALLY PERMIT
BY RULE OR REGULATION. NOTWITHSTANDING THE PROVISIONS  HEREOF,  NO  SUCH
DOCUMENT  SHALL  BE  DEEMED FILED OR MONEYS DEPOSITED WITH THE SYSTEM ON
THE DAY OF MAILING UNLESS ACTUALLY RECEIVED BY THE RETIREMENT SYSTEM  AS
A RESULT OF SUCH MAILING.
  S  3. Notwithstanding any other provision of law to the contrary, none
of the provisions of this act shall be subject  to  section  25  of  the
retirement and social security law.
  S 4. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
  This  bill  would  amend  certain  filing requirements of the New York
State and Local Employees' Retirement System  (ERS)  and  the  New  York
State  and Local Police and Fire Retirement System (PFRS) by setting the
date of filing as the date of postmark for any document that has  to  be
filed,  or  payment  that has to be made by a specified date or within a
prescribed time period.
  If this bill is enacted, we anticipate that the cost impact  would  be
negligible.
  ERS costs: Pursuant to Section 25 of the Retirement and Social Securi-
ty  Law,  any  cost incurred would be borne by the State of New York and
would require an itemized appropriation by the State of New York  suffi-
cient to pay the cost of the provision.
  PFRS  costs  would  be shared by the State of New York and all partic-
ipating employers in the PFRS.
  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, 2013 actuarial valu-
ation.  Distributions and other statistics can  be  found  in  the  2013
Report  of  the  Actuary  and  the  2013  Comprehensive Annual Financial
Report.
  The actuarial assumptions and methods used are described in the  2010,
2011,  2012  and  2013  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, 2013
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 estimate, dated June 10, 2014, and intended for use  only  during
the  2014  Legislative Session, is Fiscal Note No. 2014-151, prepared by
the Actuary for the New  York  State  and  Local  Employees'  Retirement
System  and  the  New  York  State  and Local Police and Fire Retirement
System.

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Assembly Bill A4916C

Sponsored By

Archive: Last Bill Status - In Assembly Committee

Bill Amendments

co-Sponsors

multi-Sponsors

2013-A4916 - Details

2013-A4916 - Summary

2013-A4916 - Bill Text download pdf

co-Sponsors

multi-Sponsors

2013-A4916A - Details

2013-A4916A - Summary

2013-A4916A - Bill Text download pdf

co-Sponsors

multi-Sponsors

2013-A4916B - Details

2013-A4916B - Summary

2013-A4916B - Bill Text download pdf

co-Sponsors

multi-Sponsors

2013-A4916C (ACTIVE) - Details

2013-A4916C (ACTIVE) - Summary

2013-A4916C (ACTIVE) - Bill Text download pdf

Comments

Assembly Bill A4916C

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Sponsored By

ABBATE

Archive: Last Bill Status - In Assembly Committee

Bill Amendments

co-Sponsors

William Colton

multi-Sponsors

Jeffrion Aubry

2013-A4916 - Details

2013-A4916 - Summary

2013-A4916 - Bill Text download pdf

co-Sponsors

William Colton

multi-Sponsors

Jeffrion Aubry

2013-A4916A - Details

2013-A4916A - Summary

2013-A4916A - Bill Text download pdf

co-Sponsors

William Colton

Patricia Fahy

multi-Sponsors

Jeffrion Aubry

Walter T. Mosley

2013-A4916B - Details

2013-A4916B - Summary

2013-A4916B - Bill Text download pdf

co-Sponsors

William Colton

Patricia Fahy

multi-Sponsors

Jeffrion Aubry

Earlene Hooper

Walter T. Mosley

2013-A4916C (ACTIVE) - Details

2013-A4916C (ACTIVE) - Summary

2013-A4916C (ACTIVE) - Bill Text download pdf

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