senate Bill S721

Amended

Authorizes Karen McClure to file for Tier II status with the state comptroller

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Sponsor

Bill Status


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

  • 09 / Jan / 2013
    • REFERRED TO CIVIL SERVICE AND PENSIONS
  • 20 / Dec / 2013
    • AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS
  • 20 / Dec / 2013
    • PRINT NUMBER 721A
  • 08 / Jan / 2014
    • REFERRED TO CIVIL SERVICE AND PENSIONS

Summary

Authorizes Karen McClure to file for Tier II status with the state comptroller because she is currently Tier III, but worked for Cattaraugus county starting in 1973.

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Bill Details

See Assembly Version of this Bill:
A7536
Versions:
S721
S721A
Legislative Cycle:
2013-2014
Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement
Versions Introduced in 2011-2012 Legislative Cycle:
S7044, S7044

Sponsor Memo

BILL NUMBER:S721

TITLE OF BILL:
An act
in relation to allowing Karen McClure to file a request for Tier II
status in the New York state and local employees' retirement system

PURPOSE:
Grants retroactive Tier II membership in the New York State
and Local Employees' Retirement System to Karen McClure.

SUMMARY OF SPECIFIC PROVISIONS:
Section 1- States that Karen McClure
was employed as a city auditor in the city of Olean and in the county
of Cattaraugus in 1913, and was employed as a Treasurer for the
County of Cattaraugus from July 1914 -September 1976, yet for reasons
not ascribable to her own negligence, was not entered into Tier II of
the retirement system.
If, within one year of the effective date of this Act, she files a
written request with the state comptroller, she will be entitled to
the rights, benefits and privileges of Tier II status.

Section 3- Contains the effective date.

JUSTIFICATION:
From July 1973 - September 1973, Karen McClure was
employed as a city auditor for the city of Olean, Cattaraugus County.
Additionally, she was employed as a treasurer for Cattaraugus County
from July 1974 September 1976. Through no fault of her own, Ms.
McClure was not offered membership in the New York State and Local
Employees' Retirement System at this time. This legislation will
retroactively place her into Tier II starting July 1, 1973.
This bill will provide her with the same retirement benefits as other
individuals who were employed during the same period.

PRIOR LEGISLATIVE HISTORY:
S.7044 (Kennedy) Referenced to Senate
Committee on Civil Service and Pensions

FISCAL IMPLICATIONS:
$86,3000

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
________________________________________________________________________

                                   721

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

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

AN ACT in relation to allowing Karen McClure to file a request for  Tier
  II status in the New York state and local employees' retirement system

  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, Karen  McClure,
who  is  a  member of the New York state and local employees' retirement
system, and who was employed as a city auditor in the city of Olean  and
in  the  county  of  Cattaraugus  for the period beginning July 1973 and
ending September 1973, and who was employed as a treasurer for the coun-
ty of Cattaraugus for the period beginning July 1974 and ending  Septem-
ber  1976,  and who for reasons not ascribable to her own negligence did
not become a member of the New York state and local  employees'  retire-
ment  system  at  the time of her hiring and who is currently a Tier III
member of the New York state  and  local  employees'  retirement  system
shall  be  deemed  to  have become a member of such system as of July 1,
1973 entitling her to Tier II status with every right, benefit and priv-
ilege which would have been available to her on such date if, within one
year of the effective date of this act, she shall file a written request
to that effect with the state comptroller.   Upon the granting  of  such
retroactive  membership,  Karen McClure shall be granted a refund of any
employee contributions made by her to  the  New  York  state  and  local
retirement system.
  S 2. All past service costs associated with the implementation of this
act shall be borne by the state of New York.
  S 3. This act shall take effect immediately.
  FISCAL  NOTE.--This  bill  will  deem  Karen  McClure to have become a
member of the New York State and Local Employees' Retirement  System  on
July  1,  1973,  her  first  date  of employment with the city of Olean,

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03047-02-3

S. 721                              2

thereby granting her Tier 2 status. All  member  contributions  will  be
refunded.
  If  this bill is enacted, we anticipate that there will be an increase
of approximately $2,900 in the annual contributions of Erie  County  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 $86,300 which will 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  November  28,  2012  and intended for use only
during the  2013  Legislative  Session,  is  Fiscal  Note  No.  2013-11,
prepared  by  the  Actuary  for  the New York State and Local Employees'
Retirement System.

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