S T A T E O F N E W Y O R K
2013-2014 Regular Sessions
I N S E N A T E
June 4, 2013
Introduced by Sen. NOZZOLIO -- read twice and ordered printed, and when
printed to be committed to the Committee on Local Government
AN ACT relating to the right of Ontario county to opt out of certain
provisions of the retirement system
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 contra-
ry, the county of Ontario, a participating employer in the New York
state and local employees' retirement system, which previously elected
to offer service credit for unused sick leave, established pursuant to
subdivision j of section 41 of the retirement and social security law,
to members of the New York state and local employees' retirement system
employed by such county, is hereby authorized to continue to offer
service credit for unused sick leave to any employee who was hired by
the county before the effective date of this act. All such employees
shall be entitled to the full rights and benefits associated with cover-
age under subdivision j of section 41 of the retirement and social secu-
rity law. The county of Ontario is hereby authorized, by resolution of
its governing body, to exclude from the provisions of subdivision j of
section 41 of the retirement and social security law, all employees
hired by the county on or after the effective date of this act.
S 2. This act shall take effect immediately.
FISCAL NOTE. -- Pursuant to Legislative Law, Section 50:
This bill will allow the county of Ontario to exclude all employees
hired by the county on or after the effective date of this act, from the
provisions of subdivision j of section 41 of the retirement and social
If this legislation is enacted during the 2013 Legislative Session, we
anticipate that there will be a decrease in the annual contribution rate
of Ontario County for new employees of 0.2% of salary for the fiscal
year ending March 31, 2014.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
S. 5681 2
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-
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 23, 2013, and intended for use only during
the 2013 Legislative Session, is Fiscal Note No. 2013-156, prepared by
the Actuary for the New York State and Local Employees' Retirement