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

                                  6698

                            I N  S E N A T E

                            February 5, 2016
                               ___________

Introduced  by Sen. GALLIVAN -- 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 Kelsey Wilczynski Tier IV status  in  the
  New  York  state and local employees' retirement system with a member-
  ship date of July 5, 2007

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Notwithstanding any other law to the contrary, Kelsey Wilc-
zynski,  who  is  currently  a  Tier VI member of the New York state and
local employees' retirement system and currently  employed  by  the  New
York  state  comptroller's  office,  and who was appointed to a position
with the town of North Collins, county of Erie on July 5, 2007, and who,
for reasons not ascribable to her own negligence,  failed  to  become  a
member  of  the New York state and local employees' retirement system in
2007 when first appointed to the position, may be deemed to have  become
a member of the New York state and local employees' retirement system on
July 5, 2007, if on or before December 31, 2016 she shall file an appli-
cation  therefor  with  the  state comptroller. Upon the receipt of such
application, Kelsey Wilczynski shall be granted Tier IV  status  in  the
New  York  state  and local employees' retirement system and be eligible
for all the rights and benefits thereof provided that Kelsey  Wilczynski
makes  all employee contributions required to be made by Tier IV members
of the New  York  state  and  local  employees'  retirement  system.  No
contributions made to the New York state and local employees' retirement
system  by  Kelsey  Wilczynski shall be returned to her pursuant to this
act.
  S 2. All past service costs of implementing the provisions of this act
shall be borne by the town of North Collins.
  S 3. 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 Kelsey Wilczynski, by changing her date
of membership to July 5, 2007, her first date of employment by the  Town

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13767-03-6
              

S. 6698                             2

of  North  Collins. She currently is a Tier 6 member employed by the New
York State Office of the State Comptroller.
  If this legislation is enacted during the 2016 legislative session, we
anticipate that there will be an increase of approximately $3,500 in the
annual  contributions of New York State for the fiscal year ending March
31, 2017. In future years, this cost will vary as the billing rates  and
salaries of Kelsey Wilczynski change.
  In addition to the annual contributions discussed above, there will be
a  one-time past service cost of $14,300 which will be borne by the Town
of North Collins 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.  2016-46,
prepared  by  the  Actuary  for  the New York State and Local Retirement
System.