S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6720
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                              March 20, 2025
                                ___________
 
 Introduced  by  Sen.  STEC  --  read twice and ordered printed, and when
   printed to be committed to the Committee on Civil Service and Pensions
 
 AN ACT in relation to granting Barbara Juh Tier 5 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, Barbara Juh,
 who is a retiree of the New York state and local  employees'  retirement
 system,  with  Tier 6 status, and who was employed part-time as a regis-
 tered nurse at the  Adirondack  Correctional  Facility  for  the  period
 beginning  September  16, 2010 and ending December 16, 2012, and who has
 been employed full-time by the department of corrections  and  community
 supervision  beginning  December  17, 2012 and ending December 31, 2021,
 and who, for reasons not ascribable to her  own  negligence,  failed  to
 become  a  member  of the New York state and local employees' retirement
 system on September 16, 2010, shall be deemed to have been a  member  of
 such  retirement  system  with  Tier 5 status on and after September 16,
 2010, if on or before 6 months after the effective date of this act, she
 shall file a written request to that effect with the state  comptroller.
 Upon  the granting of such retroactive membership, Barbara Juh shall not
 be granted a refund of any employee contributions made by her to the New
 York state and local employees' retirement system.
   § 2. Any past service costs incurred in implementing the provisions of
 this act shall be borne by the state of New York.
   § 3. This act shall take effect immediately.
   FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
   This bill would provide Barbara Juh  with  a  date  of  membership  of
 September  16,  2010, their date of first employment with the Adirondack
 Correctional Facility, resulting in Tier 5 status in the New York  State
 and  Local Employees' Retirement System. Barbara Juh is currently a Tier
 6 retiree. Their retirement benefit will  be  recalculated  and  payment
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04881-02-5
              

 S. 6720                             2
 
 will  be  made retroactive to their date of retirement. There will be no
 refund of member contributions.
   If  this  bill  is  enacted during the 2025 Legislative Session, there
 will be an immediate past service cost of approximately  $17,000,  which
 will be borne by the State of New York as a one-time payment. This esti-
 mate assumes that payment will be made on March 1, 2026.
   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 March 19, 2025, and intended for use only during
 the 2025 Legislative Session, is Fiscal  Note  No.  2025-120.  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.