S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  7011--A
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                               May 16, 2023
                                ___________
 
 Introduced  by  Sen.  WEBER  -- 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 granting retroactive tier IV membership in the New York state and
   local employees' retirement system to Raymond Ruckel
 
   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,
 Raymond Ruckel, a tier VI member of the New York state and local employ-
 ees' retirement system employed by the Rockland county sheriff's  office
 correction  division  and  who was employed as a full-time employee with
 Clarkstown Central School District from August 1, 1990 through  December
 1, 1990 and who, through no fault of his own, did not become a member of
 the  New  York state and local employees' retirement system on August 1,
 1990 when he became eligible for membership in  such  system,  shall  be
 deemed  to  have  a date of membership with the New York state and local
 employees' retirement system of August 1,  1990  if  he  shall  file  an
 application  therefore with the state comptroller within one year of the
 effective date of this  act.  Upon  the  receipt  of  such  application,
 Raymond Ruckel shall be granted tier IV status in the New York state and
 local  employees'  retirement  system  and shall be eligible for all the
 rights and benefits thereof.
   § 2. All past service costs of implementing the provisions of this act
 shall be borne by Clarkstown Central School District, and there shall be
 no refund of member contributions to Raymond Ruckel.
   § 3. 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.
                                                            LBD10878-05-4
 S. 7011--A                          2
              

 
   This bill would grant Tier 4 status in the New York  State  and  Local
 Employees'  Retirement System to Raymond Ruckel, a current Tier 6 member
 employed by Rockland County, by changing their  date  of  membership  to
 August  1,  1990,  their  first  date  of employment with the Clarkstown
 Central  School  District.  There  will  be no refund of member contrib-
 utions.
   If this bill is enacted during the 2024 Legislative Session, we antic-
 ipate that there will be an increase  of  approximately  $7,500  in  the
 annual contributions of Rockland County for the fiscal year ending March
 31,  2025.  In future years this cost will vary as the billing rates and
 salary of Raymond Ruckel change.
   In addition to the annual contributions discussed above, there will be
 an immediate past service cost of approximately $19,100  which  will  be
 borne  by  the Clarkstown Central School District as a one-time payment.
 This estimate assumes that payment will be made on February 1, 2025.
   Summary of relevant resources:
   Membership data as of March 31, 2023 was used in measuring the  impact
 of the proposed change, the same data used in the April 1, 2023 actuari-
 al  valuation.    Distributions and other statistics can be found in the
 2023 Report of the Actuary and the 2023 Annual  Comprehensive  Financial
 Report.
   The  actuarial  assumptions and methods used are described in the 2023
 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, 2023
 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 April 15, 2024, and intended for use only during
 the 2024 Legislative Session, is Fiscal Note No. 2024-163,  prepared  by
 the Actuary for the New York State and Local Retirement System.