NY State Senate Bill 2021-S5101A

Senate Bill S5101A

2021-2022 Legislative Session

Authorizes George Amendola Tier II status in the New York state and local employees' retirement system

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
May 26, 2022	print number 5101a
May 26, 2022	amend and recommit to civil service and pensions
Jan 05, 2022	referred to civil service and pensions
Feb 23, 2021	referred to civil service and pensions

Bill Amendments

Original

A (Active)

2021-S5101 - Details

Current Committee:: Senate Civil Service And Pensions
Law Section:: Retirement
Versions Introduced in Other Legislative Sessions:: 2017-2018: S7822
2019-2020: S1574
2023-2024: S3010

2021-S5101 - Summary

Authorizes George Amendola Tier II status in the New York state and local employees' retirement system.

2021-S5101 - Sponsor Memo

2021-S5101 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5101
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             February 23, 2021
                                ___________
 
 Introduced  by  Sen.  ORTT  --  read twice and ordered printed, and when
   printed to be committed to the Committee on Civil Service and Pensions
 
 AN ACT to authorize George A. Amendola Tier II status in  the  New  York
   state and local employees' retirement system
 
   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,  George  A.
 Amendola, who was first eligible to join the public retirement system as
 of  September  20, 1974 and who was employed by the Niagara Falls school
 district from September 20, 1974 to June 2, 1978 and who for reasons not
 ascribable to his own negligence was not  afforded  the  opportunity  to
 join the New York state and local employees' retirement system with Tier
 II status, shall be deemed to have become a member of the New York state
 and  local  employees'  retirement  system as of September 20, 1974; and
 shall have Tier II status, if, no later than one year after  the  effec-
 tive  date  of  this  act he shall file a written request with the state
 comptroller; and upon receipt of such application, the comptroller shall
 recalculate George Amendola's retirement  benefits  and  thereafter  pay
 such benefits accordingly as if he shall have been deemed to have joined
 such retirement system on September 20, 1974.
   §  2. No contributions made to the New York state and local employees'
 retirement system shall be returned or refunded to  George  A.  Amendola
 pursuant to this act.
   § 3. All past service costs associated with the implementation of this
 act shall be borne by the Niagara Falls school district.
   § 4. This act shall take effect immediately.
   FISCAL NOTE.-- Pursuant to Legislative Law, Section 50:
   This  bill  will  grant Tier 2 status to George A. Amendola, a retired
 Tier 4 member of the New York  State  and  Local  Employees'  Retirement
 System,  by  changing  his date of membership to September 20, 1974, his
 first date of employment with the Niagara  Falls  school  district.  The
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD07659-02-1

 S. 5101                             2
 
 retirement  benefit will be recalculated and payment will be made retro-
 active to his date of retirement. There will  be  no  refund  of  member
 contributions.
   If  this  legislation  is enacted during the 2021 legislative session,
 there will be an immediate past service cost  of  approximately  $30,000
 which  will  be borne by the Niagara Falls school district as a one-time
 payment. This cost is based on the assumption that payment will be  made
 on February 1, 2022.
   Summary of relevant resources:
   Membership  data as of March 31, 2020 was used in measuring the impact
 of the proposed change, the same data used in the April 1, 2020 actuari-
 al valuation. Distributions and other statistics can  be  found  in  the
 2020  Report  of the Actuary and the 2020 Comprehensive Annual Financial
 Report.
   The actuarial assumptions and methods used are described in  the  2020
 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, 2020
 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 19, 2021,  and  intended  for  use  only
 during  the  2021  Legislative  Session,  is  Fiscal  Note  No. 2021-85,
 prepared by the Actuary for the New  York  State  and  Local  Retirement
 System.

2021-S5101A (ACTIVE) - Details

Current Committee:: Senate Civil Service And Pensions
Law Section:: Retirement
Versions Introduced in Other Legislative Sessions:: 2017-2018: S7822
2019-2020: S1574
2023-2024: S3010

2021-S5101A (ACTIVE) - Summary

Authorizes George Amendola Tier II status in the New York state and local employees' retirement system.

2021-S5101A (ACTIVE) - Sponsor Memo

2021-S5101A (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5101--A
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             February 23, 2021
                                ___________
 
 Introduced  by  Sen.  ORTT  --  read twice and ordered printed, and when
   printed to be committed to the Committee on Civil Service and Pensions
   -- recommitted to the Committee  on  Civil  Service  and  Pensions  in
   accordance  with  Senate  Rule 6, sec. 8 -- committee discharged, bill
   amended, ordered reprinted as amended and recommitted to said  commit-
   tee
 
 AN  ACT  to  authorize George A. Amendola Tier II status in the New York
   state and local employees' retirement system
 
   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, George A.
 Amendola, who was first eligible to join the public retirement system as
 of September 20, 1974 and who was employed by the Niagara  Falls  school
 district from September 20, 1974 to June 2, 1978 and who for reasons not
 ascribable  to  his  own  negligence was not afforded the opportunity to
 join the New York state and local employees' retirement system with Tier
 II status, shall be deemed to have become a member of the New York state
 and local employees' retirement system as of  September  20,  1974;  and
 shall  have  Tier II status, if, no later than one year after the effec-
 tive date of this act he shall file a written  request  with  the  state
 comptroller; and upon receipt of such application, the comptroller shall
 recalculate  George  Amendola's  retirement  benefits and thereafter pay
 such benefits accordingly as if he shall have been deemed to have joined
 such retirement system on September 20, 1974.
   § 2. No contributions made to the New York state and local  employees'
 retirement  system  shall  be returned or refunded to George A. Amendola
 pursuant to this act.
   § 3. All past service costs associated with the implementation of this
 act shall be borne by the Niagara Falls school district.
   § 4. This act shall take effect immediately.
   FISCAL NOTE.--Pursuant to Legislative Law, Section 50:

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07659-03-2

 S. 5101--A                          2
 
   This bill will grant Tier 2 status to George A.  Amendola,  a  retired
 Tier  4  member  of  the  New York State and Local Employees' Retirement
 System, by changing his date of membership to September  20,  1974,  his
 first  date  of  employment  with the Niagara Falls school district. The
 retirement  benefit will be recalculated and payment will be made retro-
 active to his date of retirement. There will  be  no  refund  of  member
 contributions.
   If  this  legislation  is enacted during the 2022 legislative session,
 there will be an immediate past service cost  of  approximately  $32,000
 which  will  be borne by the Niagara Falls school district as a one-time
 payment. This cost is based on the assumption that payment will be  made
 on February 1, 2023.
   Summary of relevant resources:
   Membership  data as of March 31, 2021 was used in measuring the impact
 of the proposed change, the same data used in the April 1, 2021 actuari-
 al valuation.  Distributions and other statistics can be  found  in  the
 2021  Report  of the Actuary and the 2021 Comprehensive Annual Financial
 Report.
   The actuarial assumptions and methods used are described in  the  2021
 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, 2021
 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 May 25, 2022, and intended for  use  only  during
 the  2022  Legislative Session, is Fiscal Note No. 2022-158, prepared by
 the Actuary for the New York State and Local Retirement System.

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