senate Bill S168A

2011-2012 Legislative Session

Provides that an eligible member of the public retirement system may buy service credit for certain military service with two years of credited service

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Archive: Last Bill Status - In Committee


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 21, 2012 committed to rules
Mar 14, 2012 amended on third reading 168a
Mar 05, 2012 advanced to third reading
Mar 01, 2012 2nd report cal.
Feb 29, 2012 1st report cal.254
Jan 04, 2012 referred to civil service and pensions
Jan 05, 2011 referred to civil service and pensions

Bill Amendments

Original
A (Active)
Original
A (Active)

Co-Sponsors

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S168 - Bill Details

Current Committee:
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §1000, R & SS L
Versions Introduced in 2009-2010 Legislative Session:
S3548

S168 - Bill Texts

view summary

Provides that an eligible member of the public retirement system may buy service credit for certain military service with two years of credited service.

view sponsor memo
BILL NUMBER:S168

TITLE OF BILL: An act to amend the retirement and social security
law, in relation to allowing an eligible member of the public
retirement system to obtain service credit for certain military
service if such person has two years of credited service

PURPOSE: To provide an eligible member of the retirement system with
the opportunity to purchase service credit for certain military
service with at least two years of credited service instead of the
current five.

SUMMARY OF PROVISIONS: This bill would act as an amendment to Section
1. Subdivision 3 of section 1000 of the retirement and social security
law, as added by chapter 548 of the laws of 2000, to provide those
members whom have at least two years of credited service to purchase
service credit for military service. By doing so, the additional
military service credit could provide a vested retirement benefit
where a retirement benefit would previously not have existed. This
bill would affect the New York State and Local Employees' Retirement
System as well as the New York State and Local Police and Fire
Retirement System. The cost attributed to the members will depend upon
the coverage plan selected, the salary and the age of the members whom
will be receiving an increased benefit. This cost will be shared by
both the State of New York and all participating employers in the New
York State and Local Employees' Retirement System and the New York and
Local Police and Fire Retirement System.

JUSTIFICATION: The purpose of this bill is to aid those whom have
courageously served the United States in the military and provide the
opportunity to accredit them service credit only after two years spent
working for the Retirement System. By shorting the period of time
necessary to purchase the service credit to two years, this bill
allows those members whom had not attained a minimum of five years of
service to purchase credit earlier.

BILL HISTORY: S.6812 of 2007/2008; delivered to Assembly, Referred to
Governmental Employees.
S.3548/A.7136 of 2009/2010; Referred to Civil Services and Pensions

FISCAL IMPLICATIONS: See fiscal note.

EFFECTIVE DATE: This act shall take effect immediately.

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

                                   168

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by Sens. MAZIARZ, ALESI, BONACIC, FUSCHILLO, GOLDEN, GRIFFO,
  LARKIN, LIBOUS, LITTLE, RANZENHOFER, SEWARD -- read twice and  ordered
  printed,  and  when  printed to be committed to the Committee on Civil
  Service and Pensions

AN ACT to amend the retirement and social security law, in  relation  to
  allowing  an eligible member of the public retirement system to obtain
  service credit for certain military service if  such  person  has  two
  years of credited service

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision 3 of section 1000 of the retirement and  social
security law, as added by chapter 548 of the laws of 2000, is amended to
read as follows:
  3.  A  member  must have at least [five] TWO years of credited service
(not including service granted hereunder)  to  be  eligible  to  receive
credit under this section.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00545-01-1

Co-Sponsors

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S168A (ACTIVE) - Bill Details

Current Committee:
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §1000, R & SS L
Versions Introduced in 2009-2010 Legislative Session:
S3548

S168A (ACTIVE) - Bill Texts

view summary

Provides that an eligible member of the public retirement system may buy service credit for certain military service with two years of credited service.

view sponsor memo
BILL NUMBER:S168A

TITLE OF BILL:

An act
to amend the retirement and social security law, in relation to
allowing an eligible member of the public retirement system to obtain
service credit for certain military service if such person has two years
of credited service

PURPOSE:

To provide an eligible member of the retirement system with
the opportunity to purchase service credit for certain military
service with at least two years of credited service instead of the
current five.

SUMMARY OF PROVISIONS:

This bill would act as an amendment to Section
1. Subdivision 3 of section 1000 of the retirement and social
security law, as added by chapter 548 of the laws of 2000, to provide
those members whom have at least two years of credited service to
purchase service credit for military service. By doing so, the
additional military service credit could provide a vested retirement
benefit where a retirement benefit would previously not have existed.
This bill would affect the New York State and Local Employees'
Retirement System as well as the New York State and Local Police and
Fire Retirement System. The cost attributed to the members will
depend upon the coverage plan selected, the salary and the age of the
members whom will be receiving an increased benefit. This cost will
be shared by both the State of New York and all participating
employers in the New York State and Local Employees' Retirement
System and the New York and Local Police and Fire Retirement System.

JUSTIFICATION:

The purpose of this bill is to aid those whom have
courageously served the United States in the military and provide the
opportunity to accredit them service credit only after two years
spent working for the Retirement System. By shorting the period of
time necessary to purchase the service credit to two years, this bill
allows those members whom had not attained a minimum of five years of
service to purchase credit earlier.

BILL HISTORY:

S.6812 of 2007/2008; Delivered to Assembly, Referred to
Governmental Employees.
S.3548/A.7136 of 2009/2010; Referred to Civil Services & Pensions

FISCAL IMPLICATIONS:

See fiscal note.

EFFECTIVE DATE:

This act shall take effect immediately.

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

                                 168--A
    Cal. No. 254

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced by Sens. MAZIARZ, ADDABBO, ALESI, AVELLA, BONACIC, FUSCHILLO,
  GOLDEN,  GRIFFO,  LARKIN,  LIBOUS, LITTLE, RANZENHOFER, SEWARD -- read
  twice and ordered printed, and when printed to  be  committed  to  the
  Committee  on Civil Service and Pensions -- recommitted to the Commit-
  tee on Civil Service and Pensions in accordance with  Senate  Rule  6,
  sec. 8 -- reported favorably from said committee, ordered to first and
  second  report,  ordered  to  a  third  reading,  amended  and ordered
  reprinted, retaining its place in the order of third reading

AN ACT to amend the retirement and social security law, in  relation  to
  allowing  an eligible member of the public retirement system to obtain
  service credit for certain military service if  such  person  has  two
  years of credited service

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision 3 of section 1000 of the retirement and  social
security law, as added by chapter 548 of the laws of 2000, is amended to
read as follows:
  3.  A  member  must have at least [five] TWO years of credited service
(not including service granted hereunder)  to  be  eligible  to  receive
credit under this section.
  S 2. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
  This bill would amend Chapter 548 of the laws of 2000 to allow members
who  have at least two (2) years of credited service to purchase service
credit for military service. Currently a member needs at least five  (5)
years  of credited service to be eligible to purchase such service cred-
it.
  For members that purchase military service credit who ordinarily would
not have attained five years of service credit, the additional  military

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00545-03-2

S. 168--A                           2

service credit could provide a vested retirement benefit where a retire-
ment benefit would not have existed.
  Insofar as this bill would affect the New York State and Local Employ-
ees'  Retirement System and the New York State and Local Police and Fire
Retirement System, there will be a cost for such members. Such cost will
depend on the plan coverage, salary and age of the members who  will  be
receiving an increased benefit. This cost will be shared by the State of
New York and all participating employers in the New York State and Local
Employees' Retirement System and the New York State and Local Police and
Fire 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 March 8, 2012 and intended for  use  only  during
the  2012  Legislative Session, is Fiscal Note No. 2012-103, prepared by
the Actuary for the New  York  State  and  Local  Employees'  Retirement
System  and  the  New  York  State  and Local Police and Fire Retirement
System.

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