Assembly Bill A5135B

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

                                  5135

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            February 12, 2015
                               ___________

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

AN ACT to authorize Jaime Laczko to elect to participate in the optional
  twenty-five year retirement plan for forest rangers in the service  of
  the department of environmental conservation

  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, Jaime Laczko, a
member of the New York  state  and  local  police  and  fire  retirement
system,  who is employed by the department of environmental conservation
as a full-time forest ranger I,  who  upon  commencing  such  employment
became  a  member of such retirement system subject to the provisions of
section 375-h of the retirement and social security law, who was  eligi-
ble,  at such time, to elect to join the New York state and local police
and fire retirement system subject  to  the  optional  twenty-five  year
retirement  plan  for forest rangers in the service of the department of
environmental conservation pursuant to section 383-c of  the  retirement
and  social security law, and who, for reasons not ascribable to his own
negligence, failed to elect to  participate  in  such  twenty-five  year
retirement  plan,  shall be deemed to have elected to participate in the
retirement plan, established by section  383-c  of  the  retirement  and
social  security  law,  upon  commencement of his employment as a forest
ranger I, if, within 1 year of the effective date of this act, he  shall
file  an application therefor with the state comptroller, and within 180
days thereafter, he shall pay to the New York state and local police and
fire retirement system 50 per centum of the past service  costs  associ-
ated  with implementing the provisions of this section, as determined by
the state comptroller.
  S 2. All past costs associated with  implementing  the  provisions  of
this  act  shall  be  jointly  borne  by the state of New York and Jaime
Laczko.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06420-02-5
              

A. 5135                             2

  S 3. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to legislative law, section 50:
  This  bill  will  deem Jaime Laczko, a Forest Ranger currently covered
under an age 55 retirement plan, to have elected to participate  in  the
25  year  retirement plan established by Section 383-c of the Retirement
and Social Security Law.
  If this bill is enacted, we anticipate that there will be an  increase
of approximately $3,700 in annual contributions of the State of New York
for the fiscal year ending March 31, 2016.
  In addition to the annual contributions discussed above, there will be
an  immediate past service cost of $76,800 which would be equally shared
by Jaime Laczko and the State of New York as one-time payments. Assuming
a payment date of March 1,  2016,  each  party  will  pay  approximately
$38,400.
  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 January 15, 2015 and intended for use only during
the  2015  Legislative  Session, is Fiscal Note No. 2015-36, prepared by
the Actuary for the New York State and Local Police and Fire  Retirement
System.

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

                                 5135--A

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            February 12, 2015
                               ___________

Introduced  by  M. of A. STEC -- 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 Jaime Laczko to elect to participate in the optional
  twenty-five  year retirement plan for forest rangers in the service of
  the department of environmental conservation

  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, Jaime Laczko, a
member  of  the  New  York  state  and  local police and fire retirement
system, who is employed by the department of environmental  conservation
as  a  full-time  forest  ranger  I, who upon commencing such employment
became a member of such retirement system subject to the  provisions  of
section  375-h of the retirement and social security law, who was eligi-
ble, at such time, to elect to join the New York state and local  police
and  fire  retirement  system  subject  to the optional twenty-five year
retirement plan for forest rangers in the service of the  department  of
environmental  conservation  pursuant to section 383-c of the retirement
and social security law, and who, for reasons not ascribable to his  own
negligence,  failed  to  elect  to  participate in such twenty-five year
retirement plan, shall be deemed to have elected to participate  in  the
retirement  plan,  established  by  section  383-c of the retirement and
social security law, upon commencement of his  employment  as  a  forest
ranger  I, if, within 1 year of the effective date of this act, he shall
file an application therefor with the state comptroller.
  S 2. All past costs associated with  implementing  the  provisions  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:
  This  bill  will  deem Jaime Laczko, a Forest Ranger currently covered
under an age 55 retirement plan, to have elected to participate  in  the

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06420-05-5
              

A. 5135--A                          2

25  year  retirement plan established by Section 383-c of the Retirement
and Social Security Law.
  If  this bill is enacted, we anticipate that there will be an increase
of approximately $3,700 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 Jaime Laczko change.
  In addition to the annual contributions discussed above, there will be
an immediate past service cost of $76,800 which will  be  borne  by  the
State  of  New  York  as 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 June 11, 2015 and intended for  use  only  during
the  2015  Legislative Session, is Fiscal Note No. 2015-136, prepared by
the Actuary for the New York State and Local Police and Fire  Retirement
System.