NY State Senate Bill 2019-S7917

Senate Bill S7917

2019-2020 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 - In Senate Committee Civil Service And Pensions 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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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Mar 02, 2020	referred to civil service and pensions

2019-S7917 (ACTIVE) - Details

See Assembly Version of this Bill:: A9981
Current Committee:: Senate Civil Service And Pensions
Law Section:: Retirement
Versions Introduced in Other Legislative Sessions:: 2017-2018: S8598, A10717
2021-2022: S7240, A8025

2019-S7917 (ACTIVE) - Summary

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

2019-S7917 (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S7917

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 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 employ-
ment 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:

2017 - S.8598/A.10717 -- Vetoed

 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:

Refer to fiscal note on the bill

 
EFFECTIVE DATE:
This act shall take effect immediately.

2019-S7917 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7917
 
                             I N  S E N A T E
 
                               March 2, 2020
                                ___________
 
 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
 member contributions.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD02405-04-0

 S. 7917                             2
 
   If this bill is enacted during the 2020 legislative session, we antic-
 ipate  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, 2021. In future years, this cost  will  vary  as  the  billing
 rates and salary of Steven Grice change.
   In addition to the annual contributions discussed above, there will be
 an  immediate  past  service  cost of $11,200 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, 2021.
   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  February  20,  2020, and intended for use only
 during the  2020  Legislative  Session,  is  Fiscal  Note  No.  2020-53,
 prepared  by  the  Actuary  for  the New York State and Local Retirement
 System.

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