senate Bill S4735A

Signed By Governor
2013-2014 Legislative Session

Allows Michael E. Petroski to join the optional twenty year retirement plan, town of Glenville, county of Schenectady

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Archive: Last Bill Status - Signed by Governor


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 31, 2013 signed chap.271
Jul 19, 2013 delivered to governor
Jun 20, 2013 returned to senate
passed assembly
home rule request
ordered to third reading rules cal.527
substituted for a6811a
Jun 18, 2013 referred to ways and means
delivered to assembly
passed senate
home rule request
ordered to third reading cal.1443
committee discharged and committed to rules
May 21, 2013 print number 4735a
amend and recommit to civil service and pensions
Apr 19, 2013 referred to civil service and pensions

Votes

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Bill Amendments

Original
A (Active)
Original
A (Active)

S4735 - Bill Details

See Assembly Version of this Bill:
A6811A
Law Section:
Retirement

S4735 - Bill Texts

view summary

Allows Michael E. Petroski to join the optional twenty year retirement plan, town of Glenville, county of Schenectady.

view sponsor memo
BILL NUMBER:S4735

TITLE OF BILL: An act to allow Michael E. Petroski to join the
optional twenty year retirement plan, town of Glenville, county of
Schenectady

PURPOSE:

This legislation authorizes the Town of Glenville to reopen the
optional twenty-year retirement plan to Michael Petroski

SUMMARY OF PROVISIONS:

This bill authorizes the Town of Glenville to make participation in
the optional twenty-year retirement plan, established pursuant to
Section 384-d of the Retirement and Social Security Law, available to
Michael E. Petroski, a police officer employed by the Town of
Glenville, who for reasons not ascribable to his own negligence failed
to make a timely application to participate in the optional retirement
system.

JUSTIFICATION:

The Town of Glenville had 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 in its
employ. For reasons not ascribable to his own negligence, Michael E.
Petroski did not make an application to participate in the optional
retirement system. This bill allows the Town of Glenville to reopen
the Section 384-d plan to Mr. Petroski so lona as he makes a request
on or before December 31, 2013.

LEGISLATIVE HISTORY:

New bill.

FISCAL IMPLICATIONS:

The bill will allow the town of Glenville to reopen the provisions of
Section 384-d of the Retirement and Social Security Law for police
officer Michael E. Petroski.

If this legislation is enacted during the 2013 legislative session, we
anticipate that there will be an increase of approximately $8,750 in
the annual contribution of the town of Glenville for the fiscal year
ending March 31, 2014.

In addition to the annual contributions, there will be an immediate
past service cost of approximately $52,200 which would be borne by the
Town of Glenville as a one-time payment. This estimate is based on the
assumption that payment will be made by February 1, 2014.

EFFECTIVE DATE:

Immediately.


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

    S. 4735                                                  A. 6811

                       2013-2014 Regular Sessions

                      S E N A T E - A S S E M B L Y

                             April 19, 2013
                               ___________

IN  SENATE -- Introduced by Sen. FARLEY -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Civil Service
  and Pensions

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

AN  ACT  to  allow  Michael E. Petroski to join the optional twenty year
  retirement plan, town of Glenville, county of Schenectady

  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  town  of  Glenville,  in the county of Schenectady, 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  town,  is
hereby authorized to make participation in such plan available to Micha-
el E. Petroski, a police officer employed by the town of Glenville, 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,  Michael  E.  Petroski,  may  elect  to  be  covered  by the
provisions of section 384-d of the retirement and social  security  law,
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 town of Glenville.
  S 3. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10206-02-3

S. 4735                             2                            A. 6811

  This bill will allow the town of Glenville to reopen the provisions of
Section 384-d of the Retirement and Social Security Law for police offi-
cer Michael E. Petroski.
  If this legislation is enacted during the 2013 legislative session, we
anticipate that there will be an increase of approximately $8,750 in the
annual contributions of the town of Glenville 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 $52,200, which would be
borne by the town of Glenville as a one-time payment. This  estimate  is
based on the assumption that payment will be made on February 1, 2014.
  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 April 15, 2013, and intended for use only during
the 2013 Legislative Session, is Fiscal Note No. 2013-115,  prepared  by
the  Actuary for the New York State and Local Police and Fire Retirement
system.

S4735A (ACTIVE) - Bill Details

See Assembly Version of this Bill:
A6811A
Law Section:
Retirement

S4735A (ACTIVE) - Bill Texts

view summary

Allows Michael E. Petroski to join the optional twenty year retirement plan, town of Glenville, county of Schenectady.

view sponsor memo
BILL NUMBER:S4735A

TITLE OF BILL: An act to allow Michael E. Petroski to join the
optional twenty year retirement plan, town of Glenville, county of
Schenectady

PURPOSE:

This legislation authorizes the Town of Glenville to reopen the
optional twenty-year retirement plan to Michael Petroski

SUMMARY OF PROVISIONS:

This bill authorizes the Town of Glenville to make participation in
the optional twenty-year retirement plan, established pursuant to
Section 384-d of the Retirement and Social Security Law, available to
Michael E. Petroski, a police officer employed by the Town of
Glenville, who for reasons not ascribable to his own negligence failed
to make a timely application to participate in the optional retirement
system.

JUSTIFICATION:

The Town of Glenville had 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 in its
employ. For reasons not ascribable to his own negligence, Michael E.
Petroski did not make an application to participate in the optional
retirement system. This bill allows the Town of Glenville to reopen
the Section 384-d plan to Mr. Petroski so long as he makes a request
on or before December 31, 2013.

LEGISLATIVE HISTORY: New bill.

FISCAL IMPLICATIONS:

The bill will allow the Town of Glenville to reopen the provisions of
Section 384-d of the Retirement and Social Security Law for police
officer Michael E. Petroski.

If this legislation is enacted during the 2013 legislative session, we
anticipate that there will be an increase of approximately $8,750 in
the annual contribution of the Town of Glenville for the fiscal year
ending March 31, 2014.

In addition to the annual contributions, there will be an immediate
Past service cost of approximately $52,200 which would be borne by the
Town of Glenville as a one-time payment. This estimate is based on the
assumption that payment will be made by February 1, 2014.

EFFECTIVE DATE: Immediately

view full text
download pdf
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

    S. 4735--A                                            A. 6811--A

                       2013-2014 Regular Sessions

                      S E N A T E - A S S E M B L Y

                             April 19, 2013
                               ___________

IN  SENATE -- Introduced by Sen. FARLEY -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Civil Service
  and Pensions -- committee discharged, bill amended, ordered  reprinted
  as amended and recommitted to said committee

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

AN ACT to allow Michael E. Petroski to join  the  optional  twenty  year
  retirement plan, town of Glenville, county of Schenectady

  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 town of Glenville, in the county  of  Schenectady,  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 town, is
hereby authorized to make participation in such plan available to Micha-
el E. Petroski, a police officer employed by the town of Glenville, 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 town of Glenville may so elect by filing with the state comptroller,
on or before December 31, 2013, a resolution of its town board  together
with  certification  that  such  police officer did not bar himself from
participation in such retirement plan as a result of his own negligence.
Thereafter, Michael  E.  Petroski,  may  elect  to  be  covered  by  the
provisions  of  section 384-d of the retirement and social security law,
and shall be entitled to the full rights and  benefits  associated  with

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10206-03-3

S. 4735--A                          2                         A. 6811--A

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 town of Glenville.
  S 3. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
  This bill will allow the town of Glenville to reopen the provisions of
Section 384-d of the Retirement and Social Security Law for police offi-
cer Michael E. Petroski.
  If this legislation is enacted during the 2013 legislative session, we
anticipate that there will be an increase of approximately $8,750 in the
annual contributions of the town of Glenville 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 $52,200, which would  be
borne  by  the town of Glenville as a one-time payment. This estimate is
based on the assumption that payment will be made on February 1, 2014.
  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 April 15, 2013, and intended for use only  during
the  2013  Legislative Session, is Fiscal Note No. 2013-115, prepared by
the Actuary for the New York State and Local Police and Fire  Retirement
system.

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