Bill Text: NY S04656 | 2025-2026 | General Assembly | Introduced

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Bill Title: Authorizes Michael V. Layman to receive state police retirement credit for services performed as a SUNY police officer.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2025-02-10 - REFERRED TO CIVIL SERVICE AND PENSIONS [S04656 Detail]

Download: New_York-2025-S04656-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          4656

                               2025-2026 Regular Sessions

                    IN SENATE

                                    February 10, 2025
                                       ___________

        Introduced by Sen. OBERACKER -- read twice and ordered printed, and when
          printed to be committed to the Committee on Civil Service and Pensions

        AN ACT to authorize the granting of retirement service credit in the New
          York  state  and local police and fire retirement system to Michael V.
          Layman for service as a university police officer

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1. Notwithstanding any inconsistent provision of law, Michael
     2  V.  Layman a retiree of the New York state and  local  police  and  fire
     3  retirement  system who was employed as a Zone Sergeant until his retire-
     4  ment on November 29, 2020, and who was a member of the  New  York  state
     5  and  local  employees'  retirement system while employed as a university
     6  police officer by the State University of New York at Cortland the State
     7  University of New York at Delhi, and the State University of New York at
     8  Oneonta from May 26, 1988 until March 30, 1992,  which  service  is  not
     9  deemed to be police service for purposes of the New York state and local
    10  police  and  fire  retirement  system  pursuant  to section 381-b of the
    11  retirement and social security law, shall be granted retirement  service
    12  credit  pursuant  to section 381-b of the retirement and social security
    13  law for such employment as a university  police  officer  at  the  State
    14  University  of New York at Cortland, the State University of New York at
    15  Delhi, and the State University of  New  York  at  Oneonta  as  if  such
    16  service  was  rendered  with  the  division of state police prior to his
    17  retirement and have his retirement benefit recalculated as  of  November
    18  29,  2020,  if,  on or before December 31, 2025, he shall file a written
    19  request to that effect with the state comptroller.
    20    § 2. All service costs attributable to the operation of this act shall
    21  be borne by the state of New York.
    22    § 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.
                                                                   LBD03528-02-5
        S. 4656                             2

          This bill would grant Michael V. Layman, a retiree  of  the  New  York
        State  and  Local  Police and Fire Retirement System and former New York
        State Police officer, additional service creditable for time worked as a
        university police officer.
          If  this  bill  is  enacted during the 2025 Legislative Session, there
        will be an immediate past service cost of approximately  $127,000  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  February  7,  2025,  and intended for use only
        during the 2025 Legislative Session, is  Fiscal  Note  No.  2025-36.  As
        Chief  Actuary  of  the  New  York State and Local Retirement System, I,
        Aaron Schottin Young, hereby certify that this  analysis  complies  with
        applicable  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.