NY State Assembly Bill 2013-A7478

Assembly Bill A7478

Signed By Governor

2013-2014 Legislative Session

Authorizes Joel Lochner to participate in the optional twenty year retirement system

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Archive: Last Bill Status - Signed by Governor

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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Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jul 22, 2014	signed chap.96
Jul 11, 2014	delivered to governor
Jun 16, 2014	returned to assembly passed senate home rule request 3rd reading cal.988 substituted for s5676b
May 29, 2014	referred to civil service and pensions delivered to senate passed assembly home rule request
May 22, 2014	advanced to third reading cal.761
May 19, 2014	reported
Mar 13, 2014	print number 7478b
Mar 13, 2014	amend and recommit to ways and means
Jan 08, 2014	referred to ways and means returned to assembly died in senate
Jun 21, 2013	referred to rules delivered to senate passed assembly home rule request
Jun 20, 2013	ordered to third reading rules cal.645 rules report cal.645 reported reported referred to rules
Jun 19, 2013	reference changed to ways and means
Jun 05, 2013	print number 7478a
Jun 05, 2013	amend and recommit to governmental employees
May 22, 2013	referred to governmental employees

Votes

- Jun 16, 2014 - Floor Vote
  A7478
  
  57
  
  Aye
  
  0
  
  Nay
  
  0
  
  Absent
  
  4
  
  Excused
  
  0
  
  Abstained
  - - Floor Vote: Jun 16, 2014
      
      aye (57)
      
      Addabbo Jr.
      
      Avella
      
      Ball
      
      Bonacic
      
      Boyle
      
      Breslin
      
      Carlucci
      
      DeFrancisco
      
      Diaz
      
      Dilan
      
      Farley
      
      Felder
      
      Flanagan
      
      Gallivan
      
      Gianaris
      
      Gipson
      
      Griffo
      
      Grisanti
      
      Hannon
      
      Hoylman-Sigal
      
      Kennedy
      
      Klein
      
      Krueger
      
      LaValle
      
      Lanza
      
      Larkin
      
      Latimer
      
      Libous
      
      Little
      
      Marcellino
      
      Marchione
      
      Martins
      
      Maziarz
      
      Montgomery
      
      Nozzolio
      
      O'Brien
      
      O'Mara
      
      Parker
      
      Peralta
      
      Perkins
      
      Ranzenhofer
      
      Ritchie
      
      Rivera
      
      Robach
      
      Sampson
      
      Sanders Jr.
      
      Savino
      
      Serrano
      
      Seward
      
      Skelos
      
      Squadron
      
      Stavisky
      
      Stewart-Cousins
      
      Tkaczyk
      
      Valesky
      
      Young
      
      Zeldin
      
      excused (4)
      
      Espaillat
      
      Golden
      
      Hassell-Thompson
      
      Smith

Bill Amendments

Original

B (Active)

2013-A7478 - Details

See Senate Version of this Bill:: S5676
Law Section:: Retirement

2013-A7478 - Summary

Authorizes Joel Lochner to participate in the optional twenty year retirement plan.

2013-A7478 - Bill Text download pdf

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

                                  7478

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                              May 22, 2013
                               ___________

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

AN ACT to allow Joel Lochner to join the optional twenty year retirement
  plan, city of Amsterdam, county of Montgomery

  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 to the contrary,
the  city  of  Amsterdam,  in  the county of Montgomery, a participating
employer in the New York state and  local  police  and  fire  retirement
system,  which  previously  elected  to  offer  the optional twenty year
retirement plan, established pursuant to section 384-d of the retirement
and social security law, to police officers employed by  such  city,  is
hereby  authorized  to make participation in such plan available to Joel
Lochner, a police officer employed by the city of  Amsterdam,  who,  for
reasons  not  ascribable  to  his own negligence failed to make a timely
application to participate in such optional twenty year retirement plan.
Thereafter, Joel Lochner, may elect to be covered by the  provisions  of
section  384-d  of  the  retirement  and social security law as a Tier 5
member, and shall be entitled to the full rights and benefits associated
with coverage under such section, by filing a  request  to  that  effect
with the state comptroller on or before December 31, 2013.
  S   2.  All  past  service  costs  associated  with  implementing  the
provisions of this act shall be borne by the city of Amsterdam  and  may
be amortized over a period of five years.
  S 3. This act shall take effect immediately.
  FISCAL  NOTE.--This  bill will allow the city of Amsterdam to elect to
reopen the provisions of Section 384-d  of  the  Retirement  and  Social
Security Law for police officer Joel Lochner.
  If  this  bill  were  enacted,  we  anticipate  that  there will be an
increase of approximately $3,600 in the annual contributions of the city
of Amsterdam for the fiscal year ending March 31, 2014.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10547-02-3

A. 7478                             2

  In addition to the annual contributions discussed above, there will be
an immediate past service cost of approximately $9,400  which  would  be
borne  by  the city of Amsterdam as a one-time payment. This estimate is
based on the assumption that payment will be made on February  1,  2014.
If  the  past service cost is amortized over a period of five (5) years,
the past service costs for the first year including interest,  would  be
approximately $2,200.
  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 May 8, 2013 and intended for use only during the
2013 Legislative Session, is Fiscal Note No. 2013-133, prepared  by  the
Actuary  for  the  New  York  State and Local Police and Fire Retirement
System.

2013-A7478A - Details

See Senate Version of this Bill:: S5676
Law Section:: Retirement

2013-A7478A - Summary

Authorizes Joel Lochner to participate in the optional twenty year retirement plan.

2013-A7478A - Bill Text download pdf

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

                                 7478--A

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                              May 22, 2013
                               ___________

Introduced  by  M.  of  A. SANTABARBARA -- read once and referred to the
  Committee on Governmental  Employees  --  committee  discharged,  bill
  amended,  ordered reprinted as amended and recommitted to said commit-
  tee

AN ACT to allow Joel Lochner to join the optional twenty year retirement
  plan, city of Amsterdam, county of Montgomery

  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 to the contrary,
the  city  of  Amsterdam,  in  the county of Montgomery, a participating
employer in the New York state and  local  police  and  fire  retirement
system,  which  previously  elected  to  offer  the optional twenty year
retirement plan, established pursuant to section 384-d of the retirement
and social security law, to police officers employed by  such  city,  is
hereby  authorized  to make participation in such plan available to Joel
Lochner, a police officer employed by the city of  Amsterdam,  who,  for
reasons  not  ascribable  to  his own negligence failed to make a timely
application to participate in such optional twenty year retirement plan.
The city of Amsterdam may so elect by filing with the state comptroller,
on or before December 31, 2013,  a  resolution  of  its  governing  body
together with certification that such police officer did not bar himself
from  participation  in such retirement plan.  Thereafter, Joel Lochner,
may elect to be covered by  the  provisions  of  section  384-d  of  the
retirement  and  social  security  law  as a Tier 5 member, and shall be
entitled to the full rights and benefits associated with coverage  under
such  section,  by  filing a request to that effect with the state comp-
troller on or before December 31, 2013.
  S  2.  All  past  service  costs  associated  with  implementing   the
provisions  of  this act shall be borne by the city of Amsterdam and may
be amortized over a period of five years.
  S 3. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10547-03-3

A. 7478--A                          2

  FISCAL NOTE.--This bill will allow the city of Amsterdam to  elect  to
reopen  the  provisions  of  Section  384-d of the Retirement and Social
Security Law for police officer Joel Lochner.
  If  this  bill  were  enacted,  we  anticipate  that  there will be an
increase of approximately $3,600 in the annual contributions of the city
of Amsterdam 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 $9,400  which  would  be
borne  by  the city of Amsterdam as a one-time payment. This estimate is
based on the assumption that payment will be made on February  1,  2014.
If  the  past service cost is amortized over a period of five (5) years,
the past service costs for the first year including interest,  would  be
approximately $2,200.
  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 May 8, 2013 and intended for use only during the
2013 Legislative Session, is Fiscal Note No. 2013-133, prepared  by  the
Actuary  for  the  New  York  State and Local Police and Fire Retirement
System.

2013-A7478B (ACTIVE) - Details

See Senate Version of this Bill:: S5676
Law Section:: Retirement

2013-A7478B (ACTIVE) - Summary

Authorizes Joel Lochner to participate in the optional twenty year retirement plan.

2013-A7478B (ACTIVE) - Bill Text download pdf

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

                                 7478--B

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                              May 22, 2013
                               ___________

Introduced  by  M.  of  A. SANTABARBARA -- read once and referred to the
  Committee on Governmental  Employees  --  committee  discharged,  bill
  amended,  ordered reprinted as amended and recommitted to said commit-
  tee -- recommitted to the Committee on Ways and  Means  in  accordance
  with  Assembly  Rule  3, sec. 2 -- committee discharged, bill amended,
  ordered reprinted as amended and recommitted to said committee

AN ACT to allow Joel Lochner to join the optional twenty year retirement
  plan, city of Amsterdam, county of Montgomery

  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 to the contrary,
the  city  of  Amsterdam,  in  the county of Montgomery, a participating
employer in the New York state and  local  police  and  fire  retirement
system,  which  previously  elected  to  offer  the optional twenty year
retirement plan, established pursuant to section 384-d of the retirement
and social security law, to police officers employed by  such  city,  is
hereby  authorized  to make participation in such plan available to Joel
Lochner, a police officer employed by the city of  Amsterdam,  who,  for
reasons  not  ascribable  to  his own negligence failed to make a timely
application to participate in such optional twenty year retirement plan.
The city of Amsterdam may so elect by filing with the state comptroller,
on or before December 31, 2014,  a  resolution  of  its  governing  body
together with certification that such police officer did not bar himself
from  participation  in  such retirement plan. Thereafter, Joel Lochner,
may elect to be covered by  the  provisions  of  section  384-d  of  the
retirement  and  social  security  law  as a Tier 5 member, and shall be
entitled to the full rights and benefits associated with coverage  under
such  section,  by  filing a request to that effect with the state comp-
troller on or before December 31, 2014.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10547-07-4

A. 7478--B                          2

  S  2.  All  past  service  costs  associated  with  implementing   the
provisions  of  this act shall be borne by the city of Amsterdam and may
be amortized over a period of five years.
  S 3. This act shall take effect immediately.
  FISCAL  NOTE.--This  bill will allow the city of Amsterdam to elect to
reopen the provisions of Section 384-d  of  the  Retirement  and  Social
Security Law for police officer Joel Lochner.
  If  this  bill  were  enacted,  we  anticipate  that  there will be an
increase of approximately $3,900 in the annual contributions of the city
of Amsterdam for the fiscal year ending March 31, 2015. In future  years
this  cost  will  vary as the billing rates and salary of police officer
Joel Lochner change.
  In addition to the annual contributions discussed above, there will be
an immediate past service cost of approximately $14,300 which  would  be
borne  by  the city of Amsterdam as a one-time payment. This estimate is
based on the assumption that payment will be made on February  1,  2015.
If  the  past service cost is amortized over a period of five (5) years,
the past service costs for the first year including interest,  would  be
approximately $3,300.
  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, 2013  actuarial  valu-
ation.  Distributions  and  other  statistics  can  be found in the 2013
Report of the  Actuary  and  the  2013  Comprehensive  Annual  Financial
Report.
  The  actuarial assumptions and methods used are described in the 2010,
2011, 2012 and 2013  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, 2013
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  February  27,  2014  and intended for use only
during the  2014  Legislative  Session,  is  Fiscal  Note  No.  2014-92,
prepared by the Actuary for the New York State and Local Police and Fire
Retirement System.

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Assembly Bill A7478

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Sponsored By

SANTABARBARA

Archive: Last Bill Status - Signed by Governor

Bill Amendments

2013-A7478 - Details

2013-A7478 - Summary

2013-A7478 - Bill Text download pdf

2013-A7478A - Details

2013-A7478A - Summary

2013-A7478A - Bill Text download pdf

2013-A7478B (ACTIVE) - Details

2013-A7478B (ACTIVE) - Summary

2013-A7478B (ACTIVE) - Bill Text download pdf

Comments