Bill Text: NY S06536 | 2021-2022 | General Assembly | Introduced

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Bill Title: Grants Barbara Juh Tier 5 status in the New York state and local employees' retirement system.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2022-03-09 - RECOMMIT, ENACTING CLAUSE STRICKEN [S06536 Detail]

Download: New_York-2021-S06536-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          6536

                               2021-2022 Regular Sessions

                    IN SENATE

                                       May 5, 2021
                                       ___________

        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:

     1    Section  1.  Notwithstanding  any other provision of law, Barbara Juh,
     2  who is a member of the New York state and  local  employees'  retirement
     3  system,  with  Tier 6 status, and who was employed part-time as a regis-
     4  tered nurse at the  Adirondack  Correctional  Facility  for  the  period
     5  beginning  September  16, 2010 and ending December 16, 2012, and who has
     6  been employed full-time by the department of corrections  and  community
     7  supervision since December 17, 2012 and continues to be employed by such
     8  department,  and  who, for reasons not ascribable to her own negligence,
     9  failed to become a member of the New York  state  and  local  employees'
    10  retirement  system on September 16, 2010, shall be deemed to have been a
    11  member of such retirement system with Tier 5 status on and after Septem-
    12  ber 16, 2010, if on or before 6 months after the effective date of  this
    13  act,  she  shall  file  a  written request to that effect with the state
    14  comptroller.  Upon the granting of such retroactive membership,  Barbara
    15  Juh  shall not be granted a refund of any employee contributions made by
    16  her to the New York state and local employees' retirement system.
    17    § 2. Any past service costs incurred in implementing the provisions of
    18  this act shall be borne by the state of New York.
    19    § 3. This act shall take effect immediately.
    20    FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
          This bill would grant Tier 5 status in the New York  State  and  Local
        Employees'  Retirement  System  to  Barbara Juh, a current Tier 6 member
        employed by the New York State Department of Corrections  and  Community
        Supervision,  by  changing her date of membership to September 16, 2010.
        There will be no refund of member contributions.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10749-03-1
        S. 6536                             2

          If this bill is enacted during the 2021 legislative session, we antic-
        ipate that there will be an increase  of  approximately  $4,100  in  the
        annual contributions of the State of New York for the fiscal year ending
        March  31,  2022.  In  future  years, this cost will vary as the billing
        rates and salary of Barbara Juh change.
          In addition to the annual contributions discussed above, there will be
        an  immediate  past  service  cost of approximately $9,190 which will be
        borne by the State of New York as a one-time payment.  This estimate  is
        based on the assumption that payment will be made on March 1, 2022.
          Summary of relevant resources:
          Membership  data as of March 31, 2020 was used in measuring the impact
        of the proposed change, the same data used in the April 1, 2020 actuari-
        al valuation.  Distributions and other statistics can be  found  in  the
        2020  Report  of the Actuary and the 2020 Comprehensive Annual Financial
        Report.
          The actuarial assumptions and methods used are described in  the  2020
        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, 2020
        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 20, 2021, and intended for use only  during
        the  2021  Legislative Session, is Fiscal Note No. 2021-125, prepared by
        the Actuary for the New York State and Local Retirement System.