S T A T E O F N E W Y O R K
________________________________________________________________________
6698
I N S E N A T E
February 5, 2016
___________
Introduced by Sen. GALLIVAN -- read twice and ordered printed, and when
printed to be committed to the Committee on Civil Service and Pensions
AN ACT in relation to granting Kelsey Wilczynski Tier IV status in the
New York state and local employees' retirement system with a member-
ship date of July 5, 2007
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Notwithstanding any other law to the contrary, Kelsey Wilc-
zynski, who is currently a Tier VI member of the New York state and
local employees' retirement system and currently employed by the New
York state comptroller's office, and who was appointed to a position
with the town of North Collins, county of Erie on July 5, 2007, and who,
for reasons not ascribable to her own negligence, failed to become a
member of the New York state and local employees' retirement system in
2007 when first appointed to the position, may be deemed to have become
a member of the New York state and local employees' retirement system on
July 5, 2007, if on or before December 31, 2016 she shall file an appli-
cation therefor with the state comptroller. Upon the receipt of such
application, Kelsey Wilczynski shall be granted Tier IV status in the
New York state and local employees' retirement system and be eligible
for all the rights and benefits thereof provided that Kelsey Wilczynski
makes all employee contributions required to be made by Tier IV members
of the New York state and local employees' retirement system. No
contributions made to the New York state and local employees' retirement
system by Kelsey Wilczynski shall be returned to her pursuant to this
act.
S 2. All past service costs of implementing the provisions of this act
shall be borne by the town of North Collins.
S 3. This act shall take effect immediately.
FISCAL NOTE. -- Pursuant to Legislative Law, Section 50:
This bill will grant Tier 4 status in the New York State and Local
Employees' Retirement System to Kelsey Wilczynski, by changing her date
of membership to July 5, 2007, her first date of employment by the Town
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD13767-03-6
S. 6698 2
of North Collins. She currently is a Tier 6 member employed by the New
York State Office of the State Comptroller.
If this legislation is enacted during the 2016 legislative session, we
anticipate that there will be an increase of approximately $3,500 in the
annual contributions of New York State for the fiscal year ending March
31, 2017. In future years, this cost will vary as the billing rates and
salaries of Kelsey Wilczynski change.
In addition to the annual contributions discussed above, there will be
a one-time past service cost of $14,300 which will be borne by the Town
of North Collins as a one-time payment. This estimate is based on the
assumption that payment will be made on February 1, 2017.
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, 2015 actuarial valu-
ation. Distributions and other statistics can be found in the 2015
Report of the Actuary and the 2015 Comprehensive Annual Financial
Report.
The actuarial assumptions and methods used are described in the 2015
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, 2015
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 February 4, 2016, and intended for use only
during the 2016 Legislative Session, is Fiscal Note No. 2016-46,
prepared by the Actuary for the New York State and Local Retirement
System.