S T A T E   O F   N E W   Y O R K
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                                  7684

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              May 22, 2015
                               ___________

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

AN  ACT in relation to allowing Jason Hendel to join the special retire-
  ment plan for sheriffs, undersheriffs and deputy sheriffs

  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, Jason Hendel,
who is employed as a deputy sheriff in the county of Monroe, and who  is
a  member  of the New York state and local employees' retirement system,
and who was eligible to make the election pursuant to  section  89-p  of
the  retirement  and social security law to join the plan under subdivi-
sion b of section 553 of the retirement and social security  law,  shall
be  eligible  to  individually  join  such  plan  under subdivision b of
section 553 if the county of Monroe so elects by filing with  the  state
comptroller, on or before December 31, 2015, a resolution of its govern-
ing  body  together  with certification that such deputy sheriff did not
bar himself from participation in such retirement plan as  a  result  of
his  own  negligence.  Thereafter  such  deputy  sheriff may elect to be
covered by the provisions of subdivision b of section 553 of the retire-
ment and social security law, and shall be entitled to the  full  rights
and  benefits  associated  with  coverage under such subdivision for the
service rendered with the county of Monroe only, by filing a request  to
that effect with the state comptroller on or before June 30, 2016.
  S  2.  All  costs  incurred by the implementation of this act shall be
borne by the county of Monroe.
  S 3. This act shall take effect immediately.
  Fiscal Note.--: Pursuant to Legislative Law, Section 50:
  This bill will allow Jason Hendel, a deputy sheriff employed by Monroe
County, to elect to be covered by the 20 year  with  additional  1/60ths
retirement plan contained in Section 553(b) of the Retirement and Social
Security Law.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11074-02-5
              

A. 7684                             2

  If  this  bill  is  enacted  and  deputy  sheriff Jason Hendel becomes
covered under the provisions of Section 553(b), we anticipate that there
will be an increase of approximately $9,690 in the annual  contributions
of  Monroe  County  for the fiscal year ending March 31, 2016. In future
years,  this  cost  will  very as the billing rates and salary of deputy
sheriff Jason Hendel change.
  In addition to the annual contributions discussed above, there will be
an immediate past service cost of approximately $34,400 which  would  be
born  by  Monroe County as a one-time payment. This estimate is based on
the assumption that payment will be made on February 1, 2016.
  Summary of relevant resources:
  The membership data used in  measuring  the  impact  of  the  proposed
change  was  the same as that used in the March 31, 2014 actuarial valu-
ation.  Distributions and other statistics can  be  found  in  the  2014
Report  of  the  Actuary  and  the  2014  Comprehensive Annual Financial
Report.
  The actuarial assumptions and methods used are described in the  2010,
2011,  2012, 2013 and 2014 Annual Report to the Comptroller on Actuarial
Assumptions, and the Codes Rules and Regulations of  the  State  of  New
York: Audit and Control.
  The Market Assets and GASB Disclosures are found in the March 31, 2014
New  York  State  and  Local  Retirement System Financial Statements and
Supplementary Information.
  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 14, 2015, and intended for  use  only  during
the  2015  Legislative Session, is Fiscal Note No. 2015-114, prepared by
the Actuary for the  New  York  State  and  Local  Employees  Retirement
System.