NY State Senate Bill 2015-S7491A

Senate Bill S7491A

Vetoed By Governor

2015-2016 Legislative Session

Grants Kevin Moriarty Tier IV status in the New York state teachers' retirement system

download bill text pdf

Archive: Last Bill Status Via A10014 - Vetoed by Governor

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Vetoed By Governor
Signed By Governor

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Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Nov 28, 2016	tabled vetoed memo.254
Nov 16, 2016	delivered to governor
Jun 17, 2016	returned to assembly passed senate 3rd reading cal.2001 substituted for s7491a
Jun 17, 2016	substituted by a10014a ordered to third reading cal.2001 committee discharged and committed to rules
Jun 13, 2016	print number 7491a
Jun 13, 2016	amend and recommit to civil service and pensions
May 05, 2016	referred to civil service and pensions

Votes

- Jun 17, 2016 - Floor Vote
  A10014
  
  62
  
  Aye
  
  0
  
  Nay
  
  0
  
  Absent
  
  1
  
  Excused
  
  0
  
  Abstained
  - - Floor Vote: Jun 17, 2016
      
      aye (62)
      
      Addabbo Jr.
      
      Akshar
      
      Amedore
      
      Avella
      
      Bonacic
      
      Boyle
      
      Breslin
      
      Carlucci
      
      Comrie
      
      Croci
      
      DeFrancisco
      
      Dilan
      
      Espaillat
      
      Farley
      
      Felder
      
      Flanagan
      
      Funke
      
      Gallivan
      
      Gianaris
      
      Golden
      
      Griffo
      
      Hamilton
      
      Hannon
      
      Hassell-Thompson
      
      Hoylman-Sigal
      
      Kaminsky
      
      Kennedy
      
      Klein
      
      Krueger
      
      LaValle
      
      Lanza
      
      Larkin
      
      Latimer
      
      Little
      
      Marcellino
      
      Marchione
      
      Martins
      
      Montgomery
      
      Murphy
      
      Nozzolio
      
      O'Mara
      
      Ortt
      
      Panepinto
      
      Parker
      
      Peralta
      
      Perkins
      
      Persaud
      
      Ranzenhofer
      
      Ritchie
      
      Rivera
      
      Robach
      
      Sanders Jr.
      
      Savino
      
      Serino
      
      Serrano
      
      Seward
      
      Squadron
      
      Stavisky
      
      Stewart-Cousins
      
      Valesky
      
      Venditto
      
      Young
      
      excused (1)
      
      Diaz
  Jun 17, 2016 - Rules Committee Vote
  S7491A
  
  24
  
  Aye
  
  0
  
  Nay
  
  0
  
  Aye with Reservations
  
  1
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  - - Rules Committee Vote: Jun 17, 2016
      
      aye (24)
      
      Bonacic
      
      Breslin
      
      Carlucci
      
      DeFrancisco
      
      Dilan
      
      Espaillat
      
      Farley
      
      Flanagan
      
      Gianaris
      
      Hannon
      
      Hassell-Thompson
      
      Krueger
      
      LaValle
      
      Lanza
      
      Little
      
      Marcellino
      
      Montgomery
      
      Nozzolio
      
      Parker
      
      Perkins
      
      Robach
      
      Seward
      
      Stewart-Cousins
      
      Valesky
      
      absent (1)
      
      Larkin

Bill Amendments

Original

A (Active)

2015-S7491 - Details

See Assembly Version of this Bill:: A10014
Law Section:: Retirement

2015-S7491 - Summary

Grants Kevin Moriarty Tier IV status in the New York state teachers' retirement system.

2015-S7491 - Sponsor Memo

2015-S7491 - Bill Text download pdf

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

    S. 7491                                                 A. 10014

                      S E N A T E - A S S E M B L Y

                               May 5, 2016
                               ___________

IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Civil Service
  and Pensions

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

AN ACT in relation to granting Kevin Moriarty Tier IV status in the  New
  York state teachers' 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, Kevin Moriarty,
who is a member of the New York state teachers' retirement  system  with
Tier  VI status, and who, from 1998 through 2013 was employed as a part-
time lecturer by the College of Engineering and Applied Sciences of  the
University  of  Stony  Brook, and who, since 2013 has been employed as a
ten-month lecturer by such college, and who, for reasons not  ascribable
to  his  own negligence, failed to become a member of the New York state
teachers' retirement system in 1998, shall be deemed to have joined such
retirement system in 1998, having Tier IV status with every right, bene-
fit and privilege which would have been available to  him  in  1998  and
shall pay to such system an amount which such member would have contrib-
uted  during such period as a Tier IV member, together with any interest
thereon, if, on or before December 31, 2016, he shall file  an  applica-
tion  therefor  with the head of the New York state teachers' retirement
system.
  S 2. All costs associated with implementing the provisions of this act
shall be borne by the employers of members of the New York state  teach-
ers' retirement system.
  S 3. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
  This  bill  would allow Kevin Moriarty, a member of the New York State
Teachers' Retirement System with Tier 6 status, to be reclassified as  a
Tier  4  member with all rights, benefits, and privileges which would be
available to him as a Tier 4 member. His date  of  membership  would  be

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

                                                           LBD13063-02-6

S. 7491                             2                           A. 10014

changed  based  upon  his  employment with the University of Stony Brook
from July 1, 1998 through June 30, 2013. Mr. Moriarty shall pay  to  the
New York State Teachers' Retirement System an amount equal to that which
he would have contributed during such period as a Tier 4 member, togeth-
er  with  any interest thereon, and must file a written request with the
head of the New York State Teachers'  Retirement  System  on  or  before
December 31, 2016.
  The cost of this benefit is equal to the increase in the present value
of benefits, which is estimated to be $83,000.
  Employee  data  is  from the System's most recent actuarial valuations
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  2016-4  dated  January  7,
2016  prepared by the Actuary of the New York State Teachers' Retirement
System and is intended for use only during the 2016 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.

2015-S7491A (ACTIVE) - Details

See Assembly Version of this Bill:: A10014
Law Section:: Retirement

2015-S7491A (ACTIVE) - Summary

Grants Kevin Moriarty Tier IV status in the New York state teachers' retirement system.

2015-S7491A (ACTIVE) - Sponsor Memo

2015-S7491A (ACTIVE) - Bill Text download pdf

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

    S. 7491--A                                           A. 10014--A

                      S E N A T E - A S S E M B L Y

                               May 5, 2016
                               ___________

IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Civil Service
  and  Pensions -- committee discharged, bill amended, ordered reprinted
  as amended and recommitted to said committee

IN ASSEMBLY -- Introduced by M. of A. MURRAY -- 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 in relation to granting Kevin Moriarty Tier IV status in the New
  York state teachers' 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, Kevin Moriarty,
who  is  a member of the New York state teachers' retirement system with
Tier VI status, and who, from 1998 through 2013 was employed as a  part-
time  lecturer by the College of Engineering and Applied Sciences of the
University of Stony Brook, and who, since 2013 has been  employed  as  a
ten-month  lecturer by such college, and who, for reasons not ascribable
to his own negligence, failed to become a member of the New  York  state
teachers' retirement system in 1998, shall be deemed to have joined such
retirement system in 1998, having Tier IV status with every right, bene-
fit  and  privilege which would have been available to him in 1998 if on
or before December 31, 2016, he shall file an application therefor  with
the head of the New York state teachers' retirement system.
  S   2.  All  past  service  costs  associated  with  implementing  the
provisions of this act shall be borne by the employers of members of the
New York state teachers' retirement system, and there shall be no refund
of the members contributions to Kevin Moriarty.
  S 3. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
  This bill would allow Kevin Moriarty, a member of the New  York  State
Teachers'  Retirement System with Tier 6 status, to be reclassified as a
Tier 4 member with all rights, benefits, and privileges which  would  be

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

                                                           LBD13063-04-6

S. 7491--A                          2                        A. 10014--A

available  to  him  as  a Tier 4 member. His date of membership would be
changed based upon his employment with the  University  of  Stony  Brook
from  July  1,  1998  through June 30, 2013. Employee contributions made
pursuant  to  Article 15 of the Retirement and Social Security Law would
not be refunded to Mr.  Moriarty.  Mr.  Moriarty  must  file  a  written
request  with the head of the New York State Teachers' Retirement System
on or before December 31, 2016.
  The cost of this benefit is equal to the increase in the present value
of benefits, which is estimated to be $71,000.
  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 2016-31 dated June 13, 2016
prepared  by  the  Actuary  of  the  New York State Teachers' Retirement
System and is intended for use only during the 2016 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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