senate Bill S4584A

Signed by Governor

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

download pdf

Sponsor

Bill Status


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

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.

do you support this bill?

Bill Details

See Assembly Version of this Bill:
A6643A
Versions:
S4584
S4584A
Legislative Cycle:
2013-2014
Law Section:
Retirement

Sponsor Memo

BILL NUMBER:S4584A

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

PURPOSE OR GENERAL IDEA OF BILL: 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 SPECIFIC 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 for
reasons not ascribable to his own negligence.

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, did not bar himself from participation in such
retirement plan as a result of his own negligence but 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.

PRIOR LEGISLATIVE HISTORY: Amended 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                                            A. 6643--A

                       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 -- committee discharged, bill amended, ordered  reprinted
  as amended and recommitted to said committee

IN  ASSEMBLY  -- Introduced by M. of A. BUTLER -- read once and referred
  to the Committee on Governmental Employees  --  committee  discharged,
  bill  amended,  ordered  reprinted  as amended and recommitted to said
  committee

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.  The city of Johnstown may so
elect  by  filing  with the state comptroller, on or before December 31,
2013, a resolution of its governing  body  together  with  certification
that  such  firefighter  did  not bar himself from participation in such
retirement plan as a result of  his  own  negligence.  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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10022-03-3

S. 4584--A                          2                         A. 6643--A

such  section,  by  filing a request to that effect with the state comp-
troller 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:
  This  bill  would  allow  Eric D. Brown, a firefighter 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 herein.
  This estimate, dated May 29, 2013 and intended for use only during the
2013  Legislative  Session, is Fiscal Note No. 2013-158, prepared by the
Actuary for the New York State and  Local  Police  and  Fire  Retirement
System.

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.