senate Bill S7502

Grants retroactive tier IV membership in the New York state and local employees' retirement system to Tamara Hemminger

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Sponsor

Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
view actions

actions

  • 30 / May / 2012
    • REFERRED TO CIVIL SERVICE AND PENSIONS
  • 21 / Jun / 2012
    • COMMITTEE DISCHARGED AND COMMITTED TO RULES
  • 21 / Jun / 2012
    • ORDERED TO THIRD READING CAL.1481
  • 21 / Jun / 2012
    • SUBSTITUTED BY A8672A

Summary

Grants retroactive tier IV membership in the New York state and local employees' retirement system to Tamara Hemminger.

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Bill Details

See Assembly Version of this Bill:
A8672A
Versions:
S7502
Legislative Cycle:
2011-2012
Law Section:
Retirement

Sponsor Memo

BILL NUMBER:S7502

TITLE OF BILL:
An act granting retroactive tier IV membership in the New York state
and local employees' retirement system to Tamara Hemminger

PURPOSE:
This bill authorizes Tamara Hemminger retroactive membership in Tier
IV.

SUMMARY OF PROVISIONS:
Section 1: Authorizes Tamara Hemminger retroactive Tier IV membership
in the New York State and Local Employees' Retirement System deemed
effective on December 17, 2009.

Section 2: Provides the past service costs are to be borne by the
state.

Section 3: Provides an immediate effective date.

JUSTIFICATION:
Tamara Hemminger was employed by the Department of Labor as a labor
services representative on December 7, 2009. On December 17, 2009
Hemminger completed, signed, and dated the Article 15 Membership
Registration form and had it notarized. She subsequently submitted the
application to her employer.

Due to an administrative error, the application was not processed in
the usual manner and therefore not processed properly. The New York
State and Local Employees' Retirement System did not receive her
application until January 13, 2010. This gave her Tier V status. Had
the Department processed Hemminger's application in the usual manner
she would currently have Tier IV status in the retirement system.

This bill corrects the paperwork error and grants Hemminger the Tier
IV status she should have been granted upon the submission of her
application.

LEGISLATIVE HISTORY:
New Bill.

FISCAL IMPLICATIONS:
If this bill were to be enacted in the 2012 Legislative Session it
would increase the yearly contributions for Hemminger's current
employer by $1,500. In addition there is a one-time past service cost
of $2,280, which would be borne by the State of New York

EFFECTIVE DATE:
This act shall take effect immediately.

view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7502

                            I N  S E N A T E

                              May 30, 2012
                               ___________

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

AN ACT granting retroactive tier IV membership in the New York state and
  local employees' retirement system to Tamara Hemminger

  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, Tamara Hemming-
er,  a  member  of  the  New  York state and local employees' retirement
system, who was employed on December 7, 2009, by the department of labor
as a labor services representative, who filed a  membership  application
in such system on December 17, 2009, which should have given her Tier IV
status  but  for reasons not ascribable to her own negligence and due to
an administrative error, the application was not processed in the  usual
manner  and  therefore  not  processed,  may  be deemed to have become a
member of the New York state and local employees' retirement  system  on
December 17, 2009.
  S 2. Any past service costs incurred in implementing the provisions of
this act shall be borne by the state.
  S 3. This act shall take effect immediately.
  FISCAL  NOTE.--Pursuant to Legislative Law, Section 50: This bill will
deem Tamara Hemminger, currently an employee  of  the  Canandaigua  City
School  District  and formerly an employee of the New York State Depart-
ment of Labor, to have become a member of the New York State  and  Local
Employees'  Retirement System on December 17, 2009, thereby granting her
Tier 4 status.
  If this legislation is enacted during the 2012 legislative session, we
anticipate that there will be an increase of approximately $1,500 in the
annual contributions of the Canandaigua City  School  District  for  the
fiscal year ending March 31, 2013.
  In addition to the annual contributions discussed above, there will be
an  immediate  past service cost of approximately $2,280, which would be
borne by the State of New York as a one-time payment. This  estimate  is
based on the assumption that payment would be made on March 1, 2013.
  Summary of relevant resources:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13401-04-2

S. 7502                             2

  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-
tion.
  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 February 8,  2012,  and  intended  for  use  only
during  the  2012  Legislative  Session,  is  Fiscal  Note  No. 2012-84,
prepared by the Actuary for the New  York  State  and  Local  Employees'
Retirement System.

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