S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4880
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             February 13, 2025
                                ___________
 
 Introduced  by Sen. GALLIVAN -- read twice and ordered printed, and when
   printed to be committed to the Committee on Civil Service and Pensions
 
 AN ACT to authorize Melissa Baker  to  receive  certain  service  credit
   under a twenty year retirement plan
 
   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,
 Melissa Baker, a member of the New York state and local police and  fire
 retirement  system  covered  under  section  384-d of the retirement and
 social security law, who was employed  as  a  police  officer  with  the
 village of Blasdell between August 3, 2004 and August 14, 2005, and who,
 for  reasons  not  ascribable  to  her  own  negligence, was not granted
 service credit under section 384-d of the retirement and social security
 law for such period of employment with the village of Blasdell, 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 bene-
 fits associated with coverage under such  section  as  well  as  section
 384-e  of such law, provided that 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 provision of
 this act shall be borne by the village of Blasdell and may be  amortized
 over a five-year period.
   § 3. This act shall take effect immediately.
   FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
   This  bill  would  grant  service credit under section 384-d, together
 with section 384-e, of the Retirement and Social Security Law (RSSL)  to
 Melissa  Baker,  a  Tier 2 member of the New York State and Local Police
 and Fire Retirement System employed by the Niagara Frontier  Transporta-
 tion  Authority,  for the period August 3, 2004 through August 14, 2005,

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01245-04-5
 S. 4880                             2
              

 
 during which time they were  employed  as  a  police  officer  with  the
 Village of Blasdell.
   This  bill  will  not  increase the future annual contributions of the
 Niagara Frontier Transportation Authority.
   In addition to the annual contributions discussed above, there will be
 an immediate past service cost of approximately $40,500  which  will  be
 borne  by  the  Village of Blasdell as a one-time payment. This estimate
 assumes that payment will be made on February 1, 2026. If the Village of
 Blasdell elects to amortize this cost over a 5-year period, the cost for
 each year including interest would be $9,060.
   Summary of relevant resources:
   Membership data as of March 31, 2024 was used in measuring the  impact
 of the proposed change, the same data used in the April 1, 2024 actuari-
 al  valuation.  Distributions  and  other statistics can be found in the
 2024 Report of the Actuary and the 2024 Annual  Comprehensive  Financial
 Report.  The actuarial assumptions and methods used are described in the
 2024  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, 2024 New York State and Local Retirement System Financial Statements
 and Supplementary Information.
   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 12, 2025,  and  intended  for  use  only
 during the 2025 Legislative Session, is Fiscal Note No. 2025-8. As Chief
 Actuary  of  the  New  York  State and Local Retirement System, I, Aaron
 Schottin Young, hereby certify that this analysis complies with applica-
 ble Actuarial Standards of Practice as well as the Code of  Professional
 Conduct  and Qualification Standards for Actuaries Issuing Statements of
 Actuarial Opinion of the American Academy of Actuaries, of which I am  a
 member.