senate Bill S3181

Authorizes Jaime Laczko to elect to participate in the optional 25 year retirement plan for forest rangers

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Bill Status


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

  • 31 / Jan / 2013
    • REFERRED TO CIVIL SERVICE AND PENSIONS
  • 12 / Jun / 2013
    • COMMITTEE DISCHARGED AND COMMITTED TO RULES
  • 12 / Jun / 2013
    • ORDERED TO THIRD READING CAL.1325
  • 20 / Jun / 2013
    • SUBSTITUTED BY A5012

Summary

Authorizes Jaime Laczko to elect to participate in the optional 25 year retirement plan for forest rangers in the service of the department of environmental conservation.

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Bill Details

See Assembly Version of this Bill:
A5012
Versions:
S3181
Legislative Cycle:
2013-2014
Law Section:
Retirement

Sponsor Memo

BILL NUMBER:S3181

TITLE OF BILL: An act to authorize Jaime Laczko to elect to
participate in the optional twenty-five year retirement plan for
forest rangers in the service of the department of environmental
conservation

PURPOSE: Authorizes Jamie Laczko to elect to participate in the
optional 25 year retirement plan for forest rangers.

SUMMARY OF PROVISIONS:

Section 1- Authorizes Jamie Laczko to file an application with the
State Comptroller to participate in the retirement plan established by
section 383-c of the retirement and social security law. The bill
further provides that the application must be files within one year of
the effective date.

Section 2- States that all past cost associated with implementing the
provisions in the act shall be borne by the state of New York.

Section 3- Contains the effective date.

JUSTIFICATION: Forest Ranger Jamie Laczko was placed in the Police
and Fire retirement plan 375H rather than the 383C plan option. At the
time, forest rangers were made Police officers in 2006 they were given
the option to transfer into the Police and Fire Retirement System.
Ranger Laczko's intent was to be placed in the 383C plan which would
allow him to retire after 25 years of service, however, he was placed
in the 375H plan through an error in filling out the paper work.

LEGISLATIVE HISTORY: New bill

FISCAL IMPLICATIONS: $4,700 increase in the annual contributions of
the State of New York for the fiscal year ending March 31, 2014.

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
________________________________________________________________________

                                  3181

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 31, 2013
                               ___________

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

AN ACT to authorize Jaime Laczko to elect to participate in the optional
  twenty-five year retirement plan for forest rangers in the service  of
  the department of environmental conservation

  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, Jaime Laczko, a
member of the New York  state  and  local  police  and  fire  retirement
system,  who is employed by the department of environmental conservation
as a full-time forest ranger I,  who  upon  commencing  such  employment
became  a  member of such retirement system subject to the provisions of
section 375-h of the retirement and social security law, who was  eligi-
ble,  at such time, to elect to join the New York state and local police
and fire retirement system subject  to  the  optional  twenty-five  year
retirement  plan  for forest rangers in the service of the department of
environmental conservation pursuant to section 383-c of  the  retirement
and  social security law, and who, for reasons not ascribable to his own
negligence, failed to elect to  participate  in  such  twenty-five  year
retirement  plan,  shall be deemed to have elected to participate in the
retirement plan, established by section  383-c  of  the  retirement  and
social  security  law,  upon  commencement of his employment as a forest
ranger I, if, within 1 year of the effective date of this act, he  shall
file an application therefor with the state comptroller.
  S  2.  All  past  costs associated with implementing the provisions of
this act shall be borne by the state of New  York.  Jaime  Laczko  shall
bear  no  costs  associated with the implementation of the provisions of
this act.
  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.
                                                           LBD01149-03-3

S. 3181                             2

  This bill will deem Jaime Laczko, a Forest  Ranger  currently  covered
under  an  age 55 retirement plan, to have elected to participate in the
25 year retirement plan established by Section 383-c of  the  Retirement
and Social Security Law.
  If  this bill is enacted, we anticipate that there will be an increase
of approximately $4,700 in the annual contributions of the State of  New
York for the fiscal year ending March 31, 2014.
  In addition to the annual contributions discussed above, there will be
an  immediate  past service cost of approximately $68,500 which would 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, 2014.
  Summary of relevant resources:
  Data:  March  31,  2012  Actuarial Year End File with distributions of
membership and other statistics displayed in  the  2012  Report  of  the
Actuary and 2012 Comprehensive Annual Financial Report.
  Assumptions  and  Methods:  2010,  2011  and 2012 Annual Report to the
Comptroller on Actuarial Assumptions, Codes Rules and Regulations of the
State of New York: Audit and Control.
  Market Assets and GASB Disclosures: March 31, 2012 New York State  and
Local  Retirement System Financial Statements and Supplementary Informa-
tion.
  Valuations of Benefit Liabilities and Actuarial Assets: summarized  in
the 2012 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 25, 2013 and intended for use only during
the  2013  Legislative  Session, is Fiscal Note No. 2013-49, prepared by
the Actuary for the New York State and Local Police and Fire  Retirement
System.

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