Senate Bill S5685

2011-2012 Legislative Session

Authorizes Lisa Kyer to purchase service credit in the New York state employees' retirement system for certain employment as finance director by Helping Hands School

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Archive: Last Bill Status - In Senate Committee Civil Service And Pensions Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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Date of Action	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 04, 2012	referred to civil service and pensions
Jun 10, 2011	referred to civil service and pensions

2011-S5685 (ACTIVE) - Details

Current Committee:: Senate Civil Service And Pensions
Law Section:: Education

2011-S5685 (ACTIVE) - Summary

Authorizes Lisa Kyer to purchase service credit in the New York state employees' retirement system for certain employment as finance director by Helping Hands School.

2011-S5685 (ACTIVE) - Sponsor Memo

                                BILL NUMBER:S5685

TITLE OF BILL:
An act
to authorize Lisa Kyer to purchase service credit in the New York state
employees' retirement system for certain employment as finance director
by Helping Hands School

PURPOSE:
To establish eligibility for the purchase of a service credit
in the New York State and Local Employees' Retirement System for Lisa
Kyer, who was employed as finance director of Helping Hands School in
Clifton Park.

SUMMARY OF PROVISIONS:
Section 1 authorizes Lisa Kyer to purchase
service credit in the New York State and Local Employees' Retirement
System, upon application to the head of the New York State and Local
Employees' Retirement System within 180 days of the effective date of
this act.

Section 1 further requires payment from Ms. Kyer to the New York State
and Local Employees' Retirement System, an amount equal to three
percent of the salary she received for the period of service being
claimed, with regular interest, from the school years in which the
service was rendered to the date of purchase.

Section 2 mandates that all costs attributable to the implementation
of this act, other than the costs specified in Section 1, shall be
borne by the employers of the members of the New York State and Local
Employees' Retirement System.

Section 3 provides for an immediate effective date.

JUSTIFICATION:
Lisa Kyer, whose employment as finance
director for
Helping Hands School in Clifton Park from November 1999 through
August 2005, would constitute service as a teacher, if it had been
performed by an employer defined in subdivision 3 of section 501 of
the education law, and therefore would be eligible to purchase
service credit in the New York State and Local Employees' Retirement
System.

LEGISLATIVE HISTORY:
None.

FISCAL IMPLICATIONS:
This bill will allow Lisa Kyer to receive service
credit in the New York State and Local Employees' Retirement System
(ERS) for non-public employment

rendered with the Helping Hands School in Clifton Park from November
1999 through August 2005, provided she makes the required member
arrears payment.

If this bill is enacted, there will be an arrears cost to Lisa Kyer of
$15,100, assuming a payment date of February 1, 2012. There would also
be a past service cost of approximately $143,000 which would be
shared by the state of New York and participating employers in the ERS.

This estimate, dated June 7, 2011, and intended for use only during
the 2011 Legislative Session, is Fiscal Note No. 2011-195, prepared
by the Actuary for the ERS.

EFFECTIVE DATE:
Effective immediately.

2011-S5685 (ACTIVE) - Bill Text download pdf

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

                                  5685

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              June 10, 2011
                               ___________

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

AN ACT to authorize Lisa Kyer to purchase service credit in the New York
  state employees' retirement system for certain employment  as  finance
  director by Helping Hands School

  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,  Lisa  Kyer,  a
member of the New York State and Local Employees' Retirement System, who
was  employed  as  finance  director  by Helping Hands School in Clifton
Park, New York from November 1999 through August 2005, and  such  if  it
had  been  performed for an employer defined in subdivision 3 of section
501 of the education law would constitute service as a teacher, shall be
authorized to purchase service credit in such retirement system for  her
employment  by Helping Hands School in Clifton Park, New York if, within
180 days of the effective date of this act, she applies to the  head  of
the New York State and Local Employees' Retirement System.
  Ms.  Kyer  shall  be  required  to pay to the New York State and Local
Employees' Retirement System an amount equal to  three  percent  of  the
salary  she received for the period of service being claimed, with regu-
lar interest thereon, from the school years in  which  the  service  was
rendered to the date of purchase.
  S  2.  All costs attributable to the implementation of this act, other
than the costs to be borne by Lisa Kyer pursuant to section one of  this
act,  shall  be  borne by the employers of members of the New York State
and Local Employees' Retirement System.
  S 3. This act shall take effect immediately.
  FISCAL NOTE.--This bill will allow Lisa Kyer to receive service credit
in the New York State and Local Employees' Retirement System  (ERS)  for
non-public  employment rendered with the Helping Hands School in Clifton

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11730-03-1

S. 5685                             2

Park from November 1999 through August  2005,  provided  she  makes  the
required member arrears payment.
  If this bill is enacted, there will be an arrears cost to Lisa Kyer of
$15,100,  assuming  a payment date of February 1, 2012. There would also
be a past service cost of approximately $143,000 which would  be  shared
by the state of New York and the participating employers in the ERS.
  This  estimate,  dated  June 7, 2011, and intended for use only during
the 2011 Legislative Session, is Fiscal Note No. 2011-195,  prepared  by
the Actuary for the ERS.

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Senate Bill S5685

Sponsored By

Archive: Last Bill Status - In Senate Committee Civil Service And Pensions Committee

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2011-S5685 (ACTIVE) - Details

2011-S5685 (ACTIVE) - Summary

2011-S5685 (ACTIVE) - Sponsor Memo

2011-S5685 (ACTIVE) - Bill Text download pdf

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Sponsored By

Roy J. McDonald

Archive: Last Bill Status - In Senate Committee Civil Service And Pensions Committee

Actions

2011-S5685 (ACTIVE) - Details

2011-S5685 (ACTIVE) - Summary

2011-S5685 (ACTIVE) - Sponsor Memo

2011-S5685 (ACTIVE) - Bill Text download pdf

Comments