NY State Senate Bill 2015-S5711A

Senate Bill S5711A

2015-2016 Legislative Session

Grants Eric Zausner tier IV status in the New York state and local employees' retirement system

download bill text pdf

Archive: Last Bill Status - In Senate Committee Rules 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
Jun 17, 2016	recommitted to rules
Jun 14, 2016	ordered to third reading cal.1731 committee discharged and committed to rules
Feb 19, 2016	print number 5711a
Feb 19, 2016	amend and recommit to civil service and pensions
Jan 06, 2016	referred to civil service and pensions
May 29, 2015	referred to civil service and pensions

Votes

- Jun 14, 2016 - Rules Committee Vote
  S5711A
  
  23
  
  Aye
  
  0
  
  Nay
  
  0
  
  Aye with Reservations
  
  1
  
  Absent
  
  1
  
  Excused
  
  0
  
  Abstained
  - - Rules Committee Vote: Jun 14, 2016
      
      aye (23)
      
      Bonacic
      
      Breslin
      
      Carlucci
      
      DeFrancisco
      
      Dilan
      
      Farley
      
      Flanagan
      
      Gianaris
      
      Hannon
      
      Hassell-Thompson
      
      Krueger
      
      LaValle
      
      Lanza
      
      Larkin
      
      Little
      
      Marcellino
      
      Montgomery
      
      Nozzolio
      
      Perkins
      
      Robach
      
      Seward
      
      Stewart-Cousins
      
      Valesky
      
      absent (1)
      
      Espaillat
      
      excused (1)
      
      Parker

Bill Amendments

Original

A (Active)

2015-S5711 - Details

See Assembly Version of this Bill:: A7961
Current Committee:: Senate Rules
Law Section:: Retirement

2015-S5711 - Summary

Grants Eric Zausner tier IV status in the New York state and local employees' retirement system.

2015-S5711 - Sponsor Memo

2015-S5711 - Bill Text download pdf

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

                                  5711

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                              May 29, 2015
                               ___________

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

AN ACT in relation to granting Eric Zausner tier IV 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,  Eric  Zausner,
who  is  a  member of the New York state and local employees' retirement
system having tier V status, and who, is employed by the  Nassau  county
board  of elections and has been so employed since January 20, 2011, and
who, prior to his current employment, was employed by the Nassau  county
board of elections on a continuous part-time basis for the period begin-
ning  June  25,  2003  and ending July 6, 2005, and who, for reasons not
ascribable to his own negligence, failed to become a member of  the  New
York  state  and  local  employees'  retirement system on June 25, 2003,
shall be deemed to have been a member of such retirement system on  June
25,  2003, having tier IV status with every right, benefit and privilege
which would have been available to him on such date, if,  on  or  before
December  31,  2015, he shall file a written request to that effect with
the state comptroller.
  S 2. No contributions made to the New York state and local  employees'
retirement  system  by Eric Zausner shall be returned or refunded to him
pursuant to this act.
  S 3. All past service costs associated with the implementation of this
act shall be borne by the county of Nassau.
  S 4. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
  This bill will grant Tier 4 status in the New  York  State  and  Local
Employees'  Retirement  System  to Eric Zausner, a current Tier 5 member
employed by Nassau County, by changing his date of  membership  to  June
25, 2003. There will be no refund of member contributions.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10980-04-5

S. 5711                             2

  If this legislation is enacted during the 2015 legislative session, we
anticipate that there will be an increase of approximately $2,800 in the
annual contributions of the State of New York for the fiscal year ending
March  31,  2016.  In  future  years, this cost will vary as the billing
rates and salary of Eric Zausner change.
  In addition to the annual contributions discussed above, there will be
an  immediate  past  service  cost of approximately $9,520 which will be
borne by Nassau County as a one-time payment. This estimate is based  on
the assumption that payment will be made February 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 May 28, 2015 and intended for use only during the
2015  Legislative  Session, is Fiscal Note No. 2015-113, prepared by the
Actuary for the New York State and Local Employees' Retirement System.

2015-S5711A (ACTIVE) - Details

See Assembly Version of this Bill:: A7961
Current Committee:: Senate Rules
Law Section:: Retirement

2015-S5711A (ACTIVE) - Summary

Grants Eric Zausner tier IV status in the New York state and local employees' retirement system.

2015-S5711A (ACTIVE) - Sponsor Memo

2015-S5711A (ACTIVE) - Bill Text download pdf

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

                                 5711--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                              May 29, 2015
                               ___________

Introduced  by  Sen. MARTINS -- read twice and ordered printed, and when
  printed to be committed to the Committee on Civil Service and Pensions
  -- recommitted to the Committee  on  Civil  Service  and  Pensions  in
  accordance  with  Senate  Rule 6, sec. 8 -- committee discharged, bill
  amended, ordered reprinted as amended and recommitted to said  commit-
  tee

AN  ACT  in  relation to granting Eric Zausner tier IV 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, Eric Zausner,
who is a member of the New York state and  local  employees'  retirement
system  having  tier V status, and who, is employed by Nassau county and
has been so employed since January 20,  2011,  and  who,  prior  to  his
current employment, was employed by the Nassau county board of elections
on  a  continuous part-time basis for the period beginning June 25, 2003
and ending July 6, 2005, and who, for reasons not ascribable to his  own
negligence,  failed  to  become a member of the New York state and local
employees' retirement system on June 25, 2003, shall be deemed  to  have
been a member of such retirement system on June 25, 2003, having tier IV
status  with  every  right,  benefit and privilege which would have been
available to him on such date, if, within one year of the effective date
of this act, he shall file a written request to  that  effect  with  the
state comptroller.
  S  2. No contributions made to the New York state and local employees'
retirement system by Eric Zausner shall be returned or refunded  to  him
pursuant to this act.
  S 3. All past service costs associated with the implementation of this
act shall be borne by the county of Nassau.
  S 4. 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.
                                                           LBD10980-09-6

S. 5711--A                          2

  This  bill  will  grant  Tier 4 status in the New York State and Local
Employees' Retirement System to Eric Zausner, a current  Tier  5  member
employed  by  Nassau  County, by changing his date of membership to June
25, 2003. There will be no refund of member contributions.
  If this legislation is enacted during the 2016 legislative session, we
anticipate that there will be an increase of approximately $2,380 in the
annual  contributions  of Nassau County for the fiscal year ending March
31, 2017. In future years, this cost will vary as the billing rates  and
salary of Eric Zausner change.
  In addition to the annual contributions discussed above, there will be
an  immediate  past  service cost of approximately $13,200 which will be
borne by Nassau County as a one-time payment. This estimate is based  on
the assumption that payment will be made on February 1, 2017.
  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, 2015  actuarial  valu-
ation.    Distributions  and  other  statistics can be found in the 2015
Report of the  Actuary  and  the  2015  Comprehensive  Annual  Financial
Report.
  The  actuarial  assumptions and methods used are described in the 2015
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, 2015
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 February 4, 2016 and intended for use only during
the  2016  Legislative  Session, is Fiscal Note No. 2016-58, prepared by
the Actuary for the New York State and Local Retirement System.

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