Bill Text: NY A07371 | 2009-2010 | General Assembly | Introduced


Bill Title: Grants James Ryan retirement service credit in the New York state and local employees' retirement system for services provided to the Long Island Rail Road beginning in 1978.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-01-06 - referred to governmental employees [A07371 Detail]

Download: New_York-2009-A07371-Introduced.html
                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
           S. 3767                                                  A. 7371
                              2009-2010 Regular Sessions
                             S E N A T E - A S S E M B L Y
                                    March 31, 2009
                                      ___________
       IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
         ed, and when printed to be committed to the Committee on Civil Service
         and Pensions
       IN  ASSEMBLY  --  Introduced  by  M.  of A. ENGLEBRIGHT -- read once and
         referred to the Committee on Governmental Employees
       AN ACT to grant James Ryan retirement service credit  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:
    1    Section 1. Notwithstanding any other provision of law, James Ryan, who
    2  is a member of the  New  York  state  and  local  employees'  retirement
    3  system,  and  who  was  employed  as  an  assessment  assistant  in  the
    4  assessor's office in the town of Islip for the  period  beginning  March
    5  1978  and  ending  September 1978, and who was employed as a real estate
    6  agent for the Long Island Rail Road for the period  beginning  September
    7  1978  and ending February 1982, and who was employed by the state of New
    8  York in the office of real property services for  the  period  beginning
    9  February 1982 and ending February 1994, and who has been employed as the
   10  assessor  of  the  town  of  Brookhaven since February 1994, and who for
   11  reasons not ascribable to his own negligence, failed  to  join  the  New
   12  York  state and local employees' retirement system during his employment
   13  with the Long Island Rail Road, shall be entitled to receive  retirement
   14  credit  for  his period of employment with the Long Island Rail Road if,
   15  within one year of the effective date of this act, he shall file a writ-
   16  ten request to that effect with the state comptroller.
   17    S 2. All past service costs associated with the implementation of this
   18  act shall be borne by the state of New York.
   19    S 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.
                                                                  LBD07077-03-9
       S. 3767                             2                            A. 7371
         This bill will allow James Ryan, an employee of the Town  of  Brookha-
       ven,  to  purchase  credit  for service he rendered with the Long Island
       Railroad, which is not a participating employer in the  New  York  State
       and Local Employee' Retirement System.
         If this bill is enacted, we anticipate that there will be an immediate
       past  service  cost  of approximately $230,000. Of this amount, approxi-
       mately $12,000 will be borne by Mr.  Ryan  to  purchase  the  additional
       service.  The  remaining $218,000 will be borne by the State of New York
       as a one-time payment, assuming a payment date of March 1, 2010.
         This estimate, dated March 26, 2009, and intended for use only  during
       the  2009  Legislative Session, is Fiscal Note No. 2009-204, prepared by
       the Actuary for the New  York  State  and  Local  Employees'  Retirement
       System.
feedback