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

                                  6743

                            I N  S E N A T E

                            February 12, 2016
                               ___________

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

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.
  If this legislation is enacted during the 2016 legislative session, we
anticipate that there will be an increase of approximately $2,200 in the

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

                                                           LBD13439-06-6

S. 6743                             2

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.