S T A T E O F N E W Y O R K
2011-2012 Regular Sessions
I N S E N A T E
January 14, 2011
Introduced by Sen. BONACIC -- read twice and ordered printed, and when
printed to be committed to the Committee on Civil Service and Pensions
-- committee discharged, bill amended, ordered reprinted as amended
and recommitted to said committee -- recommitted to the Committee on
Civil Service and Pensions in accordance with Senate Rule 6, sec. 8 --
committee discharged, bill amended, ordered reprinted as amended and
recommitted to said committee
AN ACT in relation to allowing Marion Hoffman to file a request for Tier
I status in the New York state and local police and fire retirement
system with the state comptroller
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Notwithstanding any inconsistent provisions of law, Marion
Hoffman, a retired member of the New York state and local police and
fire retirement system who was employed with the New York state depart-
ment of environmental conservation as an environmental conservation
officer for approximately thirty-six years and who, for reasons not
ascribable to her own negligence, did not become a member of the New
York state and local police and fire retirement system, at the time of
her hiring, shall be deemed to have become a member of such system as of
June 14, 1973 entitling her to Tier I status with every right, benefit
and privilege which would have been available to her on such date.
S 2. This act shall take effect immediately.
FISCAL NOTE.-- Pursuant to Legislative Law, Section 50:
This bill will deem Marion J. Hoffman, a retired Environmental Conser-
vation Officer, to have first become a member of the New York State and
Local Police and Fire Retirement System on June 14, 1973, thereby enti-
tling her to the benefits of a Tier 1 retiree.
If this legislation is enacted during the 2012 legislative session, we
anticipate there will be a past service cost of approximately $143,000,
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
S. 2014--B 2
which will be shared by the State of New York and all the participating
employers in the New York State and Local Police and Fire Retirement.
Summary of relevant resources:
Data: March 31, 2011 Actuarial Year End File with distributions of
membership and other statistics displayed in the 2011 Report of the
Actuary and 2011 Comprehensive Annual Financial Report.
Assumptions and Methods: 2010 and 2011 Annual Report to the Comp-
troller on Actuarial Assumptions, Codes Rules and Regulations of the
State of New York: Audit and Control.
Market Assets and GASB Disclosures: March 31, 2011 New York State and
Local Retirement System Financial Statements and Supplementary Informa-
Valuations of Benefit Liabilities and Actuarial Assets: summarized in
the 2011 Actuarial Valuations report.
I am a member of the American Academy of Actuaries and meet the Quali-
fication Standards to render the actuarial opinion contained herein.
This estimate, dated January 6, 2012 and intended for use only during
the 2012 Legislative Session, is Fiscal Note No. 2012-41, prepared by
the Actuary for the New York State and Local Police and Fire Retirement