senate Bill S721A

2013-2014 Legislative Session

Authorizes Karen McClure to file for Tier II status with the state comptroller

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Committee


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

do you support this bill?

Actions

view actions (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to civil service and pensions
Dec 20, 2013 print number 721a
amend and recommit to civil service and pensions
Jan 09, 2013 referred to civil service and pensions

Bill Amendments

Original
A (Active)
Original
A (Active)

S721 - Bill Details

Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement
Versions Introduced in 2011-2012 Legislative Session:
S7044

S721 - Bill Texts

view summary

Authorizes Karen McClure to file for Tier II status with the state comptroller because she is currently Tier III, but worked for Cattaraugus county starting in 1973.

view sponsor memo
BILL NUMBER:S721

TITLE OF BILL:
An act
in relation to allowing Karen McClure to file a request for Tier II
status in the New York state and local employees' retirement system

PURPOSE:
Grants retroactive Tier II membership in the New York State
and Local Employees' Retirement System to Karen McClure.

SUMMARY OF SPECIFIC PROVISIONS:
Section 1- States that Karen McClure
was employed as a city auditor in the city of Olean and in the county
of Cattaraugus in 1913, and was employed as a Treasurer for the
County of Cattaraugus from July 1914 -September 1976, yet for reasons
not ascribable to her own negligence, was not entered into Tier II of
the retirement system.
If, within one year of the effective date of this Act, she files a
written request with the state comptroller, she will be entitled to
the rights, benefits and privileges of Tier II status.

Section 3- Contains the effective date.

JUSTIFICATION:
From July 1973 - September 1973, Karen McClure was
employed as a city auditor for the city of Olean, Cattaraugus County.
Additionally, she was employed as a treasurer for Cattaraugus County
from July 1974 September 1976. Through no fault of her own, Ms.
McClure was not offered membership in the New York State and Local
Employees' Retirement System at this time. This legislation will
retroactively place her into Tier II starting July 1, 1973.
This bill will provide her with the same retirement benefits as other
individuals who were employed during the same period.

PRIOR LEGISLATIVE HISTORY:
S.7044 (Kennedy) Referenced to Senate
Committee on Civil Service and Pensions

FISCAL IMPLICATIONS:
$86,3000

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
________________________________________________________________________

                                   721

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

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

AN ACT in relation to allowing Karen McClure to file a request for  Tier
  II status in the New York state and local employees' 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, Karen  McClure,
who  is  a  member of the New York state and local employees' retirement
system, and who was employed as a city auditor in the city of Olean  and
in  the  county  of  Cattaraugus  for the period beginning July 1973 and
ending September 1973, and who was employed as a treasurer for the coun-
ty of Cattaraugus for the period beginning July 1974 and ending  Septem-
ber  1976,  and who for reasons not ascribable to her own negligence did
not become a member of the New York state and local  employees'  retire-
ment  system  at  the time of her hiring and who is currently a Tier III
member of the New York state  and  local  employees'  retirement  system
shall  be  deemed  to  have become a member of such system as of July 1,
1973 entitling her to Tier II status with every right, benefit and priv-
ilege which would have been available to her on such date if, within one
year of the effective date of this act, she shall file a written request
to that effect with the state comptroller.   Upon the granting  of  such
retroactive  membership,  Karen McClure shall be granted a refund of any
employee contributions made by her to  the  New  York  state  and  local
retirement system.
  S 2. All past service costs associated with the implementation of this
act shall be borne by the state of New York.
  S 3. This act shall take effect immediately.
  FISCAL  NOTE.--This  bill  will  deem  Karen  McClure to have become a
member of the New York State and Local Employees' Retirement  System  on
July  1,  1973,  her  first  date  of employment with the city of Olean,

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03047-02-3

S. 721                              2

thereby granting her Tier 2 status. All  member  contributions  will  be
refunded.
  If  this bill is enacted, we anticipate that there will be an increase
of approximately $2,900 in the annual contributions of Erie  County  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 $86,300 which will be
borne by the State of New York as a one-time payment. This  estimate  is
based on the assumption that payment will be made on March 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  November  28,  2012  and intended for use only
during the  2013  Legislative  Session,  is  Fiscal  Note  No.  2013-11,
prepared  by  the  Actuary  for  the New York State and Local Employees'
Retirement System.

S721A (ACTIVE) - Bill Details

Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement
Versions Introduced in 2011-2012 Legislative Session:
S7044

S721A (ACTIVE) - Bill Texts

view summary

Authorizes Karen McClure to file for Tier II status with the state comptroller because she is currently Tier III, but worked for Cattaraugus county starting in 1973.

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

                                 721--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by Sen. GRISANTI -- read twice and ordered printed, 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

AN  ACT in relation to allowing Karen McClure to file a request for Tier
  II status in the New York state and local employees' 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, Karen McClure,
who is a member of the New York state and  local  employees'  retirement
system,  and who was employed as a city auditor in the city of Olean and
in the county of Cattaraugus for the  period  beginning  July  1973  and
ending September 1973, and who was employed as a treasurer for the coun-
ty  of Cattaraugus for the period beginning July 1974 and ending Septem-
ber 1976, and who for reasons not ascribable to her own  negligence  did
not  become  a member of the New York state and local employees' retire-
ment system at the time of her hiring and who is currently  a  Tier  III
member  of  the  New  York  state and local employees' retirement system
shall be deemed to have become a member of such system  as  of  July  1,
1973 entitling her to Tier II status with every right, benefit and priv-
ilege which would have been available to her on such date if, within one
year of the effective date of this act, she shall file a written request
to  that  effect  with the state comptroller.  Upon the granting of such
retroactive membership, Karen McClure shall be granted a refund  of  any
employee  contributions  made  by  her  to  the New York state and local
retirement system.
  S 2. All past service costs associated with the implementation of this
act shall be borne by the state of New York.
  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.
                                                           LBD03047-03-3

S. 721--A                           2

  This bill will deem Karen McClure to have become a member of  the  New
York  State  and Local Employees' Retirement System on July 1, 1973, her
first date of employment with the city of Olean,  thereby  granting  her
Tier 2 status. All member contributions will be refunded.
  If  this bill is enacted, we anticipate that there will be an increase
of approximately $2,790 in the annual contributions of Erie  County  for
the fiscal year ending March 31, 2015.
  In addition to the annual contributions discussed above, there will be
an  immediate  past  service cost of approximately $58,700 which will be
borne by the State of New York as a one-time payment. This  estimate  is
based on the assumption that payment will be made on March 1, 2015.
  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 October 29, 2013 and intended for use only during
the  2014  Legislative  Session, is Fiscal Note No. 2014-25, prepared by
the Actuary for the New  York  State  and  Local  Employees'  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.