NY State Assembly Bill 2015-A7151

Assembly Bill A7151

2015-2016 Legislative Session

Authorizes Annlouise Cirelli to purchase service credit in the New York state teachers' retirement system for certain employment out-of-state

download bill text pdf

Archive: Last Bill Status - In Assembly Committee

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
Jan 06, 2016	referred to governmental employees
Apr 30, 2015	print number 7151a
Apr 30, 2015	amend and recommit to governmental employees
Apr 27, 2015	referred to governmental employees

Bill Amendments

Original

A (Active)

2015-A7151 - Details

Current Committee:: Assembly Governmental Employees
Law Section:: Retirement
Versions Introduced in 2017-2018 Legislative Session:: A7618

2015-A7151 - Summary

Authorizes Annlouise Cirelli to purchase service credit in the New York state teachers' retirement system for certain employment out-of-state.

2015-A7151 - Bill Text download pdf

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

                                  7151

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             April 27, 2015
                               ___________

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

AN  ACT to authorize Annlouise Cirelli to purchase service credit in the
  New York state teachers'  retirement  system  for  certain  employment
  out-of-state

  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,  Annlouise
Cirelli,  a  retiree  of the New York state teachers' retirement system,
who joined the retirement system as  a  tier  four  member  pursuant  to
section  645  of  the retirement and social security law reinstated to a
tier one membership and who subsequently was employed as  a  teacher  by
the  Cincinnati  Public School District from 1975 through 1981, and such
as if it had been performed for an employer defined in subdivision 3  of
section  501 of the education law would constitute service as a teacher,
shall be authorized to purchase service credit in such retirement system
for her employment by the Cincinnati Public School District  if,  within
180  days  of the effective date of this act, she applies to the head of
the New York state teachers' retirement system.  Under current New  York
state  law  Ms. Cirelli, a tier one retiree of the New York state teach-
ers' retirement system, is  not  permitted  to  purchase  out  of  state
service since such service occurred subsequent to her date of membership
in the New York state teachers' retirement system.
  S 2. All costs attributable to the implementation of this act shall be
borne  by  the  employers  of  members  of  the New York state teachers'
retirement system.
  S 3. This act shall take effect immediately.
  FISCAL NOTE.-- This bill  will  grant  temporary  ordinary  disability
retirement  benefits  to Lois J. Reid, a service retiree of the New York
State and Local Employees' Retirement System with a date  of  retirement

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10635-02-5

A. 7151                             2

of  March  1,  2003,  for the period from June 19, 1992 through March 1,
2003.
  If this bill is enacted, we anticipate that there will be an immediate
past  service cost of approximately $127,000. This cost 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, 2016.
  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, 2014  actuarial  valu-
ation.    Distributions  and  other  statistics can be found in the 2014
Report of the  Actuary  and  the  2014  Comprehensive  Annual  Financial
Report.
  The  actuarial assumptions and methods used are described in the 2010,
2011, 2012, 2013 and 2014 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, 2014
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  March 5, 2015 and intended for use only during
the 2015 Legislative Session, is Fiscal Note No.  2015-85,  prepared  by
the  Actuary  for  the  New  York  State and Local Employees' Retirement
System.

2015-A7151A (ACTIVE) - Details

Current Committee:: Assembly Governmental Employees
Law Section:: Retirement
Versions Introduced in 2017-2018 Legislative Session:: A7618

2015-A7151A (ACTIVE) - Summary

Authorizes Annlouise Cirelli to purchase service credit in the New York state teachers' retirement system for certain employment out-of-state.

2015-A7151A (ACTIVE) - Bill Text download pdf

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

                                 7151--A

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             April 27, 2015
                               ___________

Introduced by M. of A. WALTER -- 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 authorize Annlouise Cirelli to purchase service credit in  the
  New  York  state  teachers'  retirement  system for certain employment
  out-of-state

  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, Annlouise
Cirelli, a retiree of the New York state  teachers'  retirement  system,
who  joined  the retirement system as a tier four member and pursuant to
section 645 of the retirement and social security law was reinstated  to
a  tier one membership and who subsequently was employed as a teacher by
the Cincinnati Public School District from 1975 through 1981,  and  such
service  as if it had been performed for an employer defined in subdivi-
sion 3 of section 501 of the education law would constitute service as a
teacher, shall be authorized to purchase service credit in such  retire-
ment  system for her employment by the Cincinnati Public School District
if, within 180 days of the effective date of this act,  she  applies  to
the  head  of  the  New  York state teachers' retirement system.   Under
current New York state law Ms. Cirelli, a tier one retiree  of  the  New
York  state  teachers'  retirement  system, is not permitted to purchase
out-of-state service since such service occurred subsequent to her  date
of membership in the New York state teachers' retirement system.
  S 2. All costs attributable to the implementation of this act shall be
borne  by  the  employers  of  members  of  the New York state teachers'
retirement system.
  S 3. This act shall take effect immediately.
  FISCAL NOTE.-- This bill would allow Annlouise Cirelli, a retired Tier
1 member of the New York State Teachers' Retirement System,  to  receive
service  credit  for  her  employment  as  a teacher with the Cincinnati

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10635-03-5

A. 7151--A                          2

Public School District. The service credit will be  granted  as  if  the
service  was  performed for a participating employer defined in subdivi-
sion 3 of section 501 of the Education Law.  Tier  1  members  can  only
receive  out-of-state service credit for teaching service rendered prior
to their date of membership, provided a benefit will not be received for
such out-of-state teaching service from another  state  or  the  federal
government. Ms. Cirelli's pension would be recalculated with retroactive
adjustment  to  payments  made  since  her date of retirement of July 1,
2013. Ms. Cirelli must file a written request with the head of  the  New
York  State Teachers' Retirement System within 180 days of the effective
date of this bill.
  The cost of this benefit is equal to the increase in the present value
of liabilities, which is estimated to be $143,000.
  Employee data is from the System's  most  recent  actuarial  valuation
files,  consisting  of  data provided by the employers to the Retirement
System. Data distributions and statistics can be found in  the  System's
Comprehensive  Annual  Financial  Report  (CAFR).  System  assets are as
reported in the System's financial statements, and can also be found  in
the CAFR. Actuarial assumptions and methods are provided in the System's
Actuarial Valuation Report.
  The  source  of  this  estimate is Fiscal Note 2015-26 dated April 27,
2015 prepared by the Actuary of the New York State Teachers'  Retirement
System and is intended for use only during the 2015 Legislative Session.
I,  Richard  A.  Young,  am the Actuary for the New York State Teachers'
Retirement System. I am a member of the American  Academy  of  Actuaries
and  I meet the Qualification Standards of the American Academy of Actu-
aries to render the actuarial opinion contained herein.

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