senate Bill S4584

Signed by Governor Amended

Authorizes Eric Brown to participate in the optional twenty year retirement system

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Bill Status


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

  • 12 / Apr / 2013
    • REFERRED TO CIVIL SERVICE AND PENSIONS
  • 04 / Jun / 2013
    • AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS
  • 04 / Jun / 2013
    • PRINT NUMBER 4584A
  • 20 / Jun / 2013
    • COMMITTEE DISCHARGED AND COMMITTED TO RULES
  • 20 / Jun / 2013
    • ORDERED TO THIRD READING CAL.1486
  • 20 / Jun / 2013
    • HOME RULE REQUEST
  • 20 / Jun / 2013
    • PASSED SENATE
  • 20 / Jun / 2013
    • DELIVERED TO ASSEMBLY
  • 20 / Jun / 2013
    • REFERRED TO WAYS AND MEANS
  • 21 / Jun / 2013
    • SUBSTITUTED FOR A6643A
  • 21 / Jun / 2013
    • ORDERED TO THIRD READING RULES CAL.693
  • 21 / Jun / 2013
    • HOME RULE REQUEST
  • 21 / Jun / 2013
    • PASSED ASSEMBLY
  • 21 / Jun / 2013
    • RETURNED TO SENATE
  • 19 / Jul / 2013
    • DELIVERED TO GOVERNOR
  • 31 / Jul / 2013
    • SIGNED CHAP.268

Summary

Authorizes Eric Brown to participate in the optional twenty year retirement plan.

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Bill Details

See Assembly Version of this Bill:
A6643
Versions:
S4584
S4584A
Legislative Cycle:
2013-2014
Law Section:
Retirement

Sponsor Memo

BILL NUMBER:S4584

TITLE OF BILL: An act to allow Eric Brown to join the optional twenty
year retirement plan, city of Johnstown, county of Fulton

PURPOSE:: This legislation authorizes the City of Johnstown to reopen
the optional twenty-year retirement plan to firefighter Eric Brown,
and allows Mr, Brown to elect to be covered under such optional plan
as a Tier 5 member.

SUMMARY OF PROVISIONS:: This bill authorizes the City of Johnstown to
make participation in the optional twenty-year retirement plan,
established pursuant to

Section 384-D of the Retirement and Social Security Law as amended by
Tier 5, available to Eric Brown, a firefighter employed by the City of
Johnstown, who failed to make a timely application to participate in
such optional retirement plan.

JUSTIFICATION:: The City of Johnstown had previously elected to offer
the optional twenty-year retirement plan, established pursuant to
Section 384-D of the Retirement and Social Security Law, to
firefighters in its employ. Eric Brown, a firefighter employed by the
City of Johnstown, failed to make a timely application to participate
in the optional plan This bill allows the City of Johnstown to reopen
the Section 384-d plan to Eric Brown, so long as they request the same
on or before December 31, 2013.

LEGISLATIVE HISTORY:: This is a new bill

FISCAL IMPLICATIONS:: See fiscal note.

EFFECTIVE DATE:: Immediately

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

    S. 4584                                                  A. 6643

                       2013-2014 Regular Sessions

                      S E N A T E - A S S E M B L Y

                             April 12, 2013
                               ___________

IN  SENATE -- Introduced by Sen. FARLEY -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Civil Service
  and Pensions

IN ASSEMBLY -- Introduced by M. of A. BUTLER -- read once  and  referred
  to the Committee on Governmental Employees

AN  ACT  to allow Eric Brown to join the optional twenty year retirement
  plan, city of Johnstown, county of Fulton

  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 to the contrary,
the city of Johnstown, in the county of Fulton, a participating employer
in the New York state and local police and fire retirement system, which
previously  elected  to  offer the optional twenty year retirement plan,
established pursuant to section 384-d of the retirement and social secu-
rity law, to firefighters employed by such city, is hereby authorized to
make participation in such plan available to Eric Brown,  a  firefighter
employed  by  the  city of Johnstown, who, for reasons not ascribable to
his own negligence failed to make a timely application to participate in
such optional twenty year retirement plan. Thereafter, Eric  Brown,  may
elect to be covered by the provisions of section 384-d of the retirement
and social security law as a Tier 5 member, and shall be entitled to the
full rights and benefits associated with coverage under such section, by
filing  a request to that effect with the state comptroller on or before
December 31, 2013.
  S  2.  All  past  service  costs  associated  with  implementing   the
provisions  of  this act shall be borne by the city of Johnstown and may
be amortized over a period of five years.
  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.
                                                           LBD10022-01-3

S. 4584                             2                            A. 6643

  This bill would allow Eric D. Brown, a police officer employed by  the
City  of  Johnstown,  to elect to become covered under the provisions of
Section 384-d of the Retirement and Social Security  Law  as  a  Tier  5
member.  He  is  currently  covered  under the provisions of the 20 year
retirement plan in Article 14.
  If such legislation is enacted during the 2013 legislative session, we
anticipate  that  there  will  not be an increase in the annual contrib-
utions of the City of Johnstown for the fiscal  year  ending  March  31,
2014.
  There also will be no past service cost.
  Summary of relevant resources:
  Data:  March  31,  2012  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,  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.
  This  estimate,  dated  March 7, 2013 and intended for use only during
the 2013 Legislative Session, is Fiscal Note No.  2013-94,  prepared  by
the  Actuary  for  the  New  York  State and Local Employees' Retirement
System.

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