NY State Senate Bill 2017-S8598

Senate Bill S8598

Vetoed By Governor

2017-2018 Legislative Session

Authorizes retroactive tier III membership in the New York state and local employees' retirement system to Steven R. Grice

download bill text pdf

Archive: Last Bill Status - Vetoed by Governor

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

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Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Dec 28, 2018	vetoed memo.373
Dec 18, 2018	delivered to governor
Jun 20, 2018	returned to senate passed assembly home rule request ordered to third reading rules cal.457 substituted for a10717
Jun 19, 2018	referred to ways and means delivered to assembly passed senate home rule request ordered to third reading cal.2009 committee discharged and committed to rules
May 10, 2018	referred to civil service and pensions

Votes

- Jun 19, 2018 - Floor Vote
  S8598
  
  62
  
  Aye
  
  0
  
  Nay
  
  0
  
  Absent
  
  1
  
  Excused
  
  0
  
  Abstained
  - - Floor Vote: Jun 19, 2018
      
      aye (62)
      
      Addabbo Jr.
      
      Akshar
      
      Alcantara
      
      Amedore
      
      Avella
      
      Bailey
      
      Benjamin
      
      Bonacic
      
      Boyle
      
      Breslin
      
      Brooks
      
      Carlucci
      
      Comrie
      
      DeFrancisco
      
      Dilan
      
      Felder
      
      Flanagan
      
      Funke
      
      Gallivan
      
      Gianaris
      
      Golden
      
      Griffo
      
      Hamilton
      
      Hannon
      
      Helming
      
      Hoylman-Sigal
      
      Jacobs
      
      Kaminsky
      
      Kavanagh
      
      Kennedy
      
      Klein
      
      Krueger
      
      LaValle
      
      Lanza
      
      Larkin
      
      Little
      
      Marcellino
      
      Marchione
      
      Mayer
      
      Montgomery
      
      Murphy
      
      O'Mara
      
      Ortt
      
      Parker
      
      Peralta
      
      Persaud
      
      Phillips
      
      Ranzenhofer
      
      Ritchie
      
      Rivera
      
      Robach
      
      Sanders Jr.
      
      Savino
      
      Sepúlveda
      
      Serino
      
      Serrano
      
      Seward
      
      Stavisky
      
      Stewart-Cousins
      
      Tedisco
      
      Valesky
      
      Young
      
      excused (1)
      
      Croci
  Jun 19, 2018 - Rules Committee Vote
  S8598
  
  24
  
  Aye
  
  0
  
  Nay
  
  1
  
  Aye with Reservations
  
  0
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  - - Rules Committee Vote: Jun 19, 2018
      
      aye (24)
      
      Bonacic
      
      Breslin
      
      DeFrancisco
      
      Dilan
      
      Flanagan
      
      Gianaris
      
      Hannon
      
      Kennedy
      
      Klein
      
      Krueger
      
      LaValle
      
      Lanza
      
      Larkin
      
      Little
      
      Marcellino
      
      Montgomery
      
      Parker
      
      Ranzenhofer
      
      Rivera
      
      Robach
      
      Savino
      
      Seward
      
      Stewart-Cousins
      
      Valesky
      
      aye wr (1)
      
      Griffo

2017-S8598 (ACTIVE) - Details

See Assembly Version of this Bill:: A10717
Law Section:: Retirement
Versions Introduced in Other Legislative Sessions:: 2019-2020: S6382, S7917, A8261, A9981
2021-2022: S7240, A8025

2017-S8598 (ACTIVE) - Summary

Authorizes retroactive tier III membership in the New York state and local employees' retirement system to Steven R. Grice.

2017-S8598 (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S8598

SPONSOR: RANZENHOFER
 
TITLE OF BILL:

An act granting retroactive tier III membership in the New York state
and local employees' retirement system to Steven R. Grice

 
PURPOSE OR GENERAL IDEA OF BILL:

Allows Steven R.  Grice, who is currently a member of Tier VI of the New
York State and Local Employees Retirement System, and employed by Gene-
see County, to claim a benefit from his original employment start date
when he was an employee of Genesee County.

 
SUMMARY OF SPECIFIC PROVISIONS:

Section 1 allows Steven R. Grice to receive a benefit based on the total
service credit to which he was entitled at the time of his employment
start.

Section 2 requires that all costs associated with this act be borne by
Genesee County, and that there shall be no refund of member benefits to
Steven R. Grice.

Section 3 contains the effective date.

 
JUSTIFICATION:

Steven R. Grice was employed by Genesee County in June 1981. He was
eligible to join the pension system, but through no fault of his own did
not join at that time. At the time, he would have been eligible for
entrance into Tier III. He was not provided with an application to apply
for membership in the retirement system until October 2017 and he is now
an employee with Genesee County and is a member of Tier VI. Had he
entered the pension system in 1981, he would be a member of Tier III.
This bill allows him to retroactively enter the pension tier that he was
entitled to in 1981. The Genesee County Legislature has passed a resol-
ution requesting that this legislation be passed.

 
PRIOR LEGISLATIVE HISTORY:

New bill.

 
FISCAL IMPLICATIONS:

Refer to fiscal note on the bill

 
EFFECTIVE DATE:
This act shall take effect immediately.

2017-S8598 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8598
 
                             I N  S E N A T E
 
                               May 10, 2018
                                ___________
 
 Introduced  by  Sen.  RANZENHOFER -- read twice and ordered printed, and
   when printed to be committed to the Committee  on  Civil  Service  and
   Pensions
 
 AN  ACT  granting  retroactive tier III membership in the New York state
   and local employees' retirement system to Steven R. Grice
 
   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, Steven R.
 Grice, who is currently a Tier VI member of the New York state and local
 employees' retirement system and currently employed  by  the  county  of
 Genesee, and who commenced employment with the county of Genesee on June
 22,  1981,  and  who,  for reasons not ascribable to his own negligence,
 failed to become a member of the New York  state  and  local  employees'
 retirement  system in 1981, may be deemed to have become a member of the
 New York state and local employees' retirement system on June 22,  1981,
 if  within  one  year of the effective date of this act he shall file an
 application therefor with the state comptroller. Upon  receipt  of  such
 application, Steven R. Grice shall be granted Tier III status in the New
 York  state  and  local employees' retirement system and be eligible for
 all the rights and benefits thereof. No contributions made  to  the  New
 York  state  and  local  employees' retirement system by Steven R. Grice
 shall be returned to him pursuant to this act.
   § 2. Any past service costs incurred in implementing the provisions of
 this act shall be borne by the county of Genesee.
   § 3. This act shall take effect immediately.
   FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
   This bill will grant Tier 3 status in the New  York  State  and  Local
 Employees' Retirement System to Steven R. Grice, a current Tier 6 member
 employed by the county of Genesee, by changing his date of membership to
 June  22, 1981, his first date of employment with the county of Genesee.
 There will be no refund of member contributions. As a Tier 3 member with
 over 10 years of membership, he will no longer be required  to  make  3%
 member contributions.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD13699-02-7

 S. 8598                             2
 
   If this legislation is enacted during the 2018 legislative session, we
 anticipate that there will be an increase of approximately $5,000 in the
 annual contributions of the county of Genesee for the fiscal year ending
 March  31,  2019.  In  future  years, this cost will vary as the billing
 rates and salary of Steven R. Grice change.
   In addition to the annual contributions discussed above, there will be
 an  immediate  past  service  cost of approximately $5,660 which will be
 borne by the county of Genesee as a one-time payment. This  estimate  is
 based on the assumption that payment will be made on February 1, 2019.
   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  Assump-
 tions,  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  November  22,  2017, and intended for use only
 during the 2018 Legislative Session, is Fiscal Note No. 2018-5, prepared
 by the Actuary for the New York State and Local Retirement System.

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