senate Bill S5612

Signed by Governor

Grants Stephen P. Cronin past service credit in the optional twenty year retirement plan for certain firemen and policemen

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Sponsor

Bill Status


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

  • 28 / May / 2013
    • REFERRED TO CIVIL SERVICE AND PENSIONS
  • 03 / Jun / 2013
    • 1ST REPORT CAL.946
  • 04 / Jun / 2013
    • 2ND REPORT CAL.
  • 05 / Jun / 2013
    • ADVANCED TO THIRD READING
  • 13 / Jun / 2013
    • HOME RULE REQUEST
  • 13 / Jun / 2013
    • PASSED SENATE
  • 13 / Jun / 2013
    • DELIVERED TO ASSEMBLY
  • 13 / Jun / 2013
    • REFERRED TO WAYS AND MEANS
  • 20 / Jun / 2013
    • SUBSTITUTED FOR A7694
  • 20 / Jun / 2013
    • ORDERED TO THIRD READING RULES CAL.605
  • 20 / Jun / 2013
    • HOME RULE REQUEST
  • 20 / Jun / 2013
    • PASSED ASSEMBLY
  • 20 / Jun / 2013
    • RETURNED TO SENATE
  • 19 / Jul / 2013
    • DELIVERED TO GOVERNOR
  • 31 / Jul / 2013
    • SIGNED CHAP.308

Summary

Grants Stephen P. Cronin past service credit in the optional twenty year retirement plan for certain members of the New York state and local police and fire retirement system.

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Bill Details

See Assembly Version of this Bill:
A7694
Versions:
S5612
Legislative Cycle:
2013-2014
Law Section:
Retirement

Sponsor Memo

BILL NUMBER:S5612

TITLE OF BILL: An act in relation to granting Stephen P. Cronin past
service credit in the optional twenty year retirement plan for certain
firemen and policemen

PURPOSE:

To authorize police officer Stephen P. Cronin to receive his
retirement service credit for the time period from June 7, 1993
through July 31, 1994 for his employment with the village of Watkins
Glen and for his employment with the office of parks, recreation and
historic preservation for the time period of April 1, 1994 through
August 28, 1994 if on or before December 31, 2013 he shall file a
written request to that effect with the state comptroller.

SUMMARY OF PROVISIONS:

The bill allows current City of Elmira Police Department officer
Stephen P. Cronin to receive retirement service credit from his time
as a police officer with the village of Watkins Glen, which, for
reasons not ascribable to his own negligence, he did not receive
credit toward his optional 20 year retirement plan. Receipt of the
credit is contingent upon written request to the state comptroller by
December 31, 2013.

EXISTING LAW:

None.

JUSTIFICATION:

To award officer Stephen P. Cronin the retirement credit he earned
from his prior service with the village of Watkins Glen.

LEGISLATIVE HISTORY:

None.

FISCAL IMPLICATIONS:

None.

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
________________________________________________________________________

                                  5612

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              May 28, 2013
                               ___________

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

AN ACT in relation to granting Stephen P. Cronin past service credit  in
  the  optional  twenty  year  retirement  plan  for certain firemen and
  policemen

  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, Stephen P.
Cronin, a member of the New York state and local police and fire retire-
ment system under section 384-d of the retirement  and  social  security
law,  who,  for  the  period  beginning June 7, 1993 and ending July 31,
1994, was employed by the village of Watkins Glen, county  of  Schuyler,
and  who, for the periods beginning April 1, 1993 and ending October 10,
1993 and beginning April  1,  1994  and  ending  August  28,  1994,  was
employed  by  the office of parks, recreation and historic preservation,
and who, for the period beginning August 4,  1994  and  ending  May  31,
1998,  was employed by the village of Horseheads, county of Chemung, and
who, for the period beginning June 1, 1998 has been employed by the city
of Elmira, county of Chemung, and who, for reasons not ascribable to his
own negligence, was not granted service credit under  section  384-d  of
the  retirement  and  social  security  law for his period of employment
with: (a) the village of Watkins Glen, county of Schuyler;  or  (b)  the
office  of parks, recreation and historic preservation, shall be granted
such service credit under section 384-d of  the  retirement  and  social
security  law  for his employment with: (a) the village of Watkins Glen,
county of Schuyler for the period beginning June 7, 1993 and ending July
31, 1994; and (b) the office of parks, recreation and historic preserva-
tion for the periods beginning April 1, 1993 and ending October 10, 1993
and beginning April 1, 1994 and ending August 28, 1994, if on or  before
December  31,  2013  he shall file a written request to that effect with
the state comptroller.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10785-04-3

S. 5612                             2

  S 2. No contributions made to the New York state and local police  and
fire  retirement  system  by  Stephen P. Cronin shall be returned to him
pursuant to this act.
  S 3. All past service costs of implementing the provisions of this act
shall  be  borne  by the village of Watkins Glen, county of Schuyler and
the state of New York in proportion to  the  additional  service  credit
granted under this legislation.
  S 4. This act shall take effect immediately.
  FISCAL  NOTE.--This  bill will allow Police Officer Stephen P. Cronin,
currently employed by the City of Elmira, to receive  retirement  credit
under  the  20  year  retirement  plan  pursuant to section 384-d of the
Retirement and Social Security Law for service he rendered as  a  police
officer with the Village of Watkins Glen and the Office of Parks, Recre-
ation  and  Historic Preservation. The past service costs are to be paid
by the Village of Watkins Glen and New York State in proportion  to  the
amount of additional service credit granted under this legislation.
  If  this  bill  is enacted, we anticipate that there will be immediate
past service costs of approximately $16,700 which will be borne  by  the
Village  of  Watkins  Glen, assuming a payment date of February 1, 2014,
and $21,000 which will be borne by the State of  New  York,  assuming  a
March 1, 2014 payment date.
  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 May 21, 2013 and intended for use only during the
2013  Legislative  Session, is Fiscal Note No. 2013-154, prepared by the
Actuary for the New York State and  Local  Police  and  Fire  Retirement
System.

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