S T A T E   O F   N E W   Y O R K
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                                  8227--A
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               June 2, 2017
                                ___________
 
 Introduced  by M. of A. BARRETT -- read once and referred to the Commit-
   tee on Governmental Employees  --  recommitted  to  the  Committee  on
   Governmental  Employees  in accordance with Assembly Rule 3, sec. 2 --
   committee discharged, bill amended, ordered reprinted as  amended  and
   recommitted to said committee

 AN ACT to authorize Johel E. Dongo, Carl P. Cacace Jr., Douglas J. Parr-
   ish  and  Christopher  Saya,  to  elect to participate in the optional
   twenty year retirement plan for firefighters employed by the Arlington
   Fire District in the county of Dutchess
 
   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 to the contrary,
 the  Arlington Fire District, in the county of Dutchess, a participating
 employer in the New York state and  local  police  and  fire  retirement
 system,  which  previously  elected  to  offer  the optional twenty year
 retirement plan, established pursuant to section 384-d of the retirement
 and social security law, to firefighters employed by such fire district,
 is hereby authorized to make participation in  such  plan  available  to
 Johel  E.  Dongo, Carl P. Cacace Jr., Douglas J. Parrish and Christopher
 Saya; firefighters employed by such fire district, who, for reasons  not
 ascribable  to their own negligence, failed to make a timely application
 to participate in such optional twenty year retirement plan. Thereafter,
 Johel E. Dongo, Carl P. Cacace Jr., Douglas J. Parrish  and  Christopher
 Saya  may  elect to be covered by the provisions of section 384-d of the
 retirement and social security law, and shall be entitled  to  the  full
 rights  and benefits associated with coverage under such section as well
 as section 384-e of such law, by filing a request to  that  effect  with
 the state comptroller on or before December 31, 2018.
   §   2.  All  past  service  costs  associated  with  implementing  the
 provisions of this act shall be borne by the Arlington Fire District and
 may be amortized over a period of ten years.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD07032-10-7

 A. 8227--A                          2
 
   § 3. Notwithstanding any other provision of law to the contrary,  this
 act  shall  be contingent upon the Arlington Fire District Board of Fire
 Commissioners passing a resolution  requesting  the  enactment  of  this
 legislation and providing copies of such resolution to each house of the
 legislature.
   § 4. This act shall take effect immediately.
   FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
   This  bill  will  allow the Arlington Fire District to elect to reopen
 the provisions of Section 384-d  together  with  Section  384-e  of  the
 Retirement  and  Social  Security  Law for fire fighters Johel E. Dongo,
 Carl P. Cacace Jr., Douglas J. Parrish and Christopher Saya.
   If this bill is enacted and these firefighters  become  covered  under
 the  provisions  of Section 384-d together with Section 384-e, we antic-
 ipate that there will be an increase of  approximately  $42,000  in  the
 annual  contributions of the Arlington Fire District for the fiscal year
 ending March 31, 2019. In future years, this cost will vary as the bill-
 ing rates and salaries of these firefighters change.
   In addition to the annual contributions discussed above, there will be
 an immediate past service cost of approximately $399,000 which would  be
 borne  by  the Arlington Fire District as a one-time payment. This esti-
 mate is based on the assumption that payment will be made on February 1,
 2019. If the Arlington Fire District elects to amortize this cost over a
 10 year period, the cost of the first year would be $53,100.
   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, 2017 actuarial valu-
 ation.  Distributions and other statistics can  be  found  in  the  2017
 Report  of  the  Actuary  and  the  2017  Comprehensive Annual Financial
 Report.
   The actuarial assumptions and methods used are described in the  2015,
 2016 and 2017 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, 2017
 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  December  1,  2017,  and intended for use only
 during the  2018  Legislative  Session,  is  Fiscal  Note  No.  2018-13,
 prepared  by  the  Actuary  for  the New York State and Local Retirement
 System.