S T A T E   O F   N E W   Y O R K
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                                 9059--A

                          I N  A S S E M B L Y

                            January 20, 2016
                               ___________

Introduced  by M. of A. RUSSELL -- read once and referred to the Commit-
  tee on Governmental Employees -- committee discharged,  bill  amended,
  ordered reprinted as amended and recommitted to said committee

AN ACT granting retroactive tier IV membership in the New York state and
  local employees' retirement system to Scott Goodfellow

  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, Scott  Goodfel-
low,  a  member  of  the  New York state and local employees' retirement
system, who was employed on December 28, 2009,  by  the  county  of  St.
Lawrence department of corrections, and who filed membership application
in such system on December 28, 2009, which should have given him Tier IV
status  but  for reasons not ascribable to his own negligence and due to
an administrative error, the application was not processed in the  usual
manner  and therefore not processed until January 4, 2010, may be deemed
to have become a member of the  New  York  state  and  local  employees'
retirement system on December 28, 2009, if within one year from the date
this  act  shall have become a law he shall file an application therefor
with the state comptroller.  Upon the receipt of such application, Scott
Goodfellow 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. No contributions made to the New  York  state  and
local employees' retirement system by Scott Goodfellow shall be returned
to him pursuant to this act.
  S 2. Any past service costs incurred in implementing the provisions of
this act shall be borne by the county of St. Lawrence.
  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 Scott Goodfellow, by changing  his  date
of  membership to December 28, 2009, his first date of employment by the
St. Lawrence County department of corrections. He currently is a Tier  5
member employed by the New York State Power Authority.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13439-05-6
              

A. 9059--A                          2

  If this legislation is enacted during the 2016 legislative session, we
anticipate that there will be an increase of approximately $2,200 in the
annual  contributions  of  the  New  York  State Power Authority for the
fiscal year ending March 31, 2017. In future years, this cost will  vary
as the billing rates and salaries of Scott Goodfellow change.
  In addition to the annual contributions discussed above, there will be
a  one-time  past  service  cost  of  $1,660, which will be borne by St.
Lawrence 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.  2016-50,
prepared  by  the  Actuary  for  the New York State and Local Retirement
System.