S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5965--B
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                               May 16, 2019
                                ___________
 
 Introduced by Sens. GALLIVAN, KENNEDY -- read twice and ordered printed,
   and when printed to be committed to the Committee on Civil Service and
   Pensions  --  committee discharged, bill amended, ordered reprinted as
   amended and recommitted to said  committee  --  committee  discharged,
   bill  amended,  ordered  reprinted  as amended and recommitted to said
   committee
 
 AN ACT to authorize Timothy Colling  to  receive  certain  credit  under
   section 384-d of the retirement and social security law
 
   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,  Timothy  Coll-
 ing,  currently  a  Town of Hamburg police officer and member of the New
 York state and local  police  and  fire  retirement  system  covered  by
 section  384-d  of  the  retirement and social security law, who between
 July 30, 2007 and January 5, 2014 was employed by the Erie County  Sher-
 iff's  Department  where he was a member of the New York state and local
 employees' retirement system, and who, for reasons not ascribable to his
 own negligence, was not granted service credit under  section  384-d  of
 the retirement and social security law for his period of employment with
 the  Erie  County  Sheriff's  Department,  shall be granted such service
 credit under section 384-d of the retirement and social security law and
 shall be entitled to the full rights and benefits associated with cover-
 age under such section, provided a request to that effect is filed  with
 the  state  comptroller  within one year from the effective date of this
 act.
   § 2. All past service costs incurred in implementing the provisions of
 this act shall be borne by the Town of Hamburg.
   § 3. This act shall take effect immediately.
   Fiscal Note. -- Pursuant to Legislature Law, Section 50:
   This bill will grant service credit under section 384-d of the Retire-
 ment and Social Security Law to Timothy Colling, a current member of the

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

                                                            LBD11837-03-9

 S. 5965--B                          2
 
 New York State and Local Police and Fire Retirement System  (PFRS),  for
 the period of July 30, 2007 through January 5, 2014, during which he was
 employed  as  a deputy sheriff in Erie County. Currently, deputy sheriff
 service is not creditable in a PFRS twenty year police retirement plan.
   If  this  bill  is  enacted during the 2020 legislative session, there
 will be an immediate past service cost of approximately  $294,000  which
 will  be  borne by the Town of Hamburg as a one-time payment. This esti-
 mate is based on the assumption that payment will be made on February 1,
 2021.
   There will be no increase in the annual contributions of the  Town  of
 Hamburg.
   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, 2019  actuarial  valu-
 ation.    Distributions  and  other  statistics can be found in the 2019
 Report of the  Actuary  and  the  2019  Comprehensive  Annual  Financial
 Report.
   The  actuarial assumptions and methods used are described in the 2015,
 2016, 2017, 2018 and 2019 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, 2019
 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  fiscal note does not constitute a legal opinion on the viability
 of the proposed change nor is it intended to serve as a  substitute  for
 the professional judgment of an attorney.
   This  estimate,  dated  November  15,  2019, and intended for use only
 during the 2020 Legislative Session, is Fiscal Note No. 2020-3, prepared
 by the Actuary for the New York State and Local Retirement System.