senate Bill S5143

Signed By Governor
2013-2014 Legislative Session

Authorizes Charles Witt, who is employed by the village of Lyons, to join the twenty year retirement system

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor


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

do you support this bill?

Actions

view actions (14)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 31, 2013 signed chap.291
Jul 19, 2013 delivered to governor
Jun 19, 2013 returned to senate
passed assembly
home rule request
ordered to third reading rules cal.451
substituted for a7300
Jun 13, 2013 referred to ways and means
delivered to assembly
passed senate
home rule request
Jun 12, 2013 ordered to third reading cal.1358
committee discharged and committed to rules
May 10, 2013 referred to civil service and pensions

Votes

view votes

Jun 17, 2013 - Rules committee Vote

S5143
20
0
committee
20
Aye
0
Nay
4
Aye with Reservations
0
Absent
1
Excused
0
Abstained
show Rules committee vote details

Jun 12, 2013 - Rules committee Vote

S5143
20
0
committee
20
Aye
0
Nay
4
Aye with Reservations
0
Absent
1
Excused
0
Abstained
show Rules committee vote details

S5143 - Bill Details

See Assembly Version of this Bill:
A7300
Law Section:
Retirement

S5143 - Bill Texts

view summary

Authorizes Charles Witt, who is employed by the village of Lyons, to join the twenty year retirement system.

view sponsor memo
BILL NUMBER:S5143

TITLE OF BILL: An act to authorize the village of Lyons to offer an
optional twenty year retirement plan to Charles Witt who is employed
by such village

PURPOSE OR GENERAL IDEA OF BILL:

Authorizes the Village of Lyons to offer an optional twenty year
retirement plan to firefighter Charles Witt

SUMMARY OF SPECIFIC PROVISIONS:

Section 1- Authorizes the Village of Lyons to offer the optional
twenty year retirement plan, established pursuant to section 384-d of
the retirement and social security law to Charles Witt.

Section 2- States that all costs associated with implementing the
provisions of this act shall be borne by the Village of Lyons.

Section 3- Contains the effective date.

JUSTIFICATION:

The Village of Lyons has requested this legislation to authorize
Charles Witt to participate in the retirement plan established
pursuant to section 384-d of the retirement and social security law.

The town has further agreed to bear all past service costs associated
with implementing this legislation.

PRIOR LEGISLATIVE HISTORY:

New bill

FISCAL IMPLICATIONS:

None to the State.

EFFECTIVE DATE:

This act shall take effect immediately

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

                                  5143

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              May 10, 2013
                               ___________

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

AN ACT to authorize the village of Lyons to  offer  an  optional  twenty
  year retirement plan to Charles Witt who is employed by such village

  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 village of Lyons, 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  members  of
the  retirement system employed by such village, is hereby authorized to
make participation in such plan available to Charles Witt, a firefighter
employed by the village of Lyons, 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 village of Lyons may so
elect by filing with the state comptroller, on or  before  December  31,
2013,  a  resolution of its local legislative body together with certif-
ication that Charles Witt did not bar himself from participation in such
retirement plan as a result of his own negligence.  Thereafter,  Charles
Witt  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
June 30, 2014.
  S 2. All employer costs associated with implementing the provisions of
this  act  shall  be  borne by the village of Lyons and the past service
costs associated with this act may be amortized over a period of five or
ten 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.
                                                           LBD10874-02-3

S. 5143                             2

  FISCAL NOTE.--This bill will allow the Village of Lyons to reopen  the
provisions  of  Section  384-d of the Retirement and Social Security Law
for firefighter Charles Witt.
  If this legislation is enacted during the 2013 legislative session, we
anticipate that there will be an increase of approximately $2,900 in the
annual  contributions of the Village of Lyons for the fiscal year ending
March 31, 2014.
  In addition to the annual contributions discussed above, there will be
an immediate past service cost to the Village of Lyons of  approximately
$49,500,  assuming that payment will be made on February 1, 2014. If the
Village so elects, this cost may be amortized over a period of five  (5)
or  ten (10) years. The past service costs for the first year, including
interest, would be $11,400 or $6,710 respectively.
  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 9, 2013 and intended for use only during  the
2013  Legislative  Session, is Fiscal Note No. 2013-148, prepared by the
Actuary for the New York State and  Local  Police  and  Fire  Retirement
System.

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.