S T A T E O F N E W Y O R K
________________________________________________________________________
6606--A
2011-2012 Regular Sessions
I N A S S E M B L Y
March 23, 2011
___________
Introduced by M. of A. RAIA -- read once and referred to the Committee
on Governmental Employees -- recommitted to the Committee on Govern-
mental Employees in accordance with Assembly Rule 3, sec. 2 -- commit-
tee discharged, bill amended, ordered reprinted as amended and recom-
mitted to said committee
AN ACT in relation to allowing certain employees of the Vanderbilt Muse-
um and Planetarium to receive additional service credit from their
prior service in the employ of Suffolk county
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Notwithstanding any inconsistent provision of law, Stanley
B. Coffield, former employee of the Suffolk County Vanderbilt Museum
and Planetarium in Centerport, Long Island, and a retired member of the
New York State and Local Employees' Retirement System, who for reasons
not ascribable to his own negligence, was disenrolled from the New York
State and Local Employees' Retirement System retroactive to February 1,
1973, without notice from such retirement system or his employer, shall
be eligible to receive service credit, for any time not already credit-
ed, in such system for the period from November 1, 1972 through August
1, 1990, during which period he was an employee of the Suffolk County
Vanderbilt Museum. Such additional credit shall only be obtained if, on
or before the thirty-first day of December next succeeding the date on
which this act shall have become a law, he files a written request with
the administrative head of the retirement system seeking to receive such
service credit.
S 2. Notwithstanding any inconsistent provision of law, Peter D.
Valerio, former employee of the Suffolk County Vanderbilt Museum and
Planetarium in Centerport, Long Island, and a retired member of the New
York State and Local Employees' Retirement System, who for reasons not
ascribable to his own negligence, was disenrolled from the New York
State and Local Employees' Retirement System retroactive to February 1,
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05528-03-2
A. 6606--A 2
1973, without notice from such retirement system or his employer, shall
be eligible to receive the retirement benefit he would have been enti-
tled to receive if he had a February 1, 1973 date of membership and
receive service credit, for any time not already credited, in such
system for the period from November 1, 1972 through August 1, 1990,
during which period he was an employee of the Suffolk County Vanderbilt
Museum. Such additional credit shall only be obtained if, on or before
the thirty-first day of December next succeeding the date on which this
act shall have become a law, he files a written request with the admin-
istrative head of the retirement system seeking to receive such service
credit.
S 3. Notwithstanding any inconsistent provision of law, J. Mark
Levine, former employee of the Suffolk County Vanderbilt Museum and
Planetarium in Centerport, Long Island, and member of the New York State
and Local Employees' Retirement System, Reg. No. 1176603-7, who for
reasons not ascribable to his own negligence, was disenrolled from the
New York State and Local Employees' Retirement System retroactive to
February 1, 1973, without notice from such retirement system or his
employer, shall be eligible to be reinstated to membership with his
original date of membership and tier status and receive service credit,
for any time not already credited, in such system for the period from
November 1, 1972 through August 1, 1990, during which period he was an
employee of the Suffolk County Vanderbilt Museum. Such additional credit
shall only be obtained if, on or before the thirty-first day of December
next succeeding the date on which this act shall have become a law, he
files a written request with the administrative head of the retirement
system seeking to receive such service credit.
S 4. Notwithstanding any inconsistent provision of law, Stephen G.
Moore, former employee of the Suffolk County Vanderbilt Museum and Plan-
etarium in Centerport, Long Island, and member of the New York State and
Local Employees' Retirement System, Reg. No. 1257416-6, who for reasons
not ascribable to his own negligence, was disenrolled from the New York
State and Local Employees' Retirement System retroactive to February 1,
1973, without notice from such retirement system or his employer, shall
be eligible to be reinstated to membership with his original date of
membership and tier status and receive service credit, for any time not
already credited, in such system for the period from November 1, 1972
through August 1, 1990, during which period he was an employee of the
Suffolk County Vanderbilt Museum. Such additional credit shall only be
obtained if, on or before the thirty-first day of December next succeed-
ing the date on which this act shall have become a law, he files a writ-
ten request with the administrative head of the retirement system seek-
ing to receive such service credit.
S 5. All costs associated with the implementation of the provisions of
this act shall be borne by the New York State and Local Employees'
Retirement System, except any contributions received by the TIAA-CREF
pension fund for the period after August 1, 1990.
S 6. In the event that the individuals named in this act retire prior
to the effective date of this act, such retirement will not effect the
outcome and the member will be deemed to have been restored to his or
her prior membership and tier status on the date immediately preceding
the effective date of retirement.
S 7. This act shall take effect immediately.
FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
This bill will allow four former employees of Suffolk County's Vander-
bilt Museum, a non-participating employer in the New York State and
A. 6606--A 3
Local Employees' Retirement System, to receive tier status and service
credit for the service they rendered with the museum from November 1,
1972 through August 1, 1990.
If this bill is enacted, we anticipate that there will be an immediate
past service cost of approximately $892,000, which will be shared by the
State of New York and all the participating employers in the New York
State and Local Employees' Retirement System.
Summary of relevant resources:
Data: March 31, 2011 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 and 2011 Annual Report to the Comp-
troller on Actuarial Assumptions, Codes Rules and Regulations of the
State of New York: Audit and Control
Market Assets and GASB Disclosures: March 31, 2011 New York State and
Local Retirement System Financial Statements and Supplementary Informa-
tion.
Valuations of Benefit Liabilities and Actuarial Assets: summarized in
the 2011 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 January 27, 2012 and intended for use only during
the 2012 Legislative Session, is Fiscal Note No. 2012-73, prepared by
the Actuary for the New York State and Local Employees' Retirement
System.