S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  9540--A
 
                           I N  A S S E M B L Y
 
                             January 19, 2018
                                ___________
 
 Introduced  by  M. of A. RYAN -- 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 the county of Erie to offer an optional twenty year
   retirement plan to certain deputy sheriffs employed by such county

   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 to the contrary,
 the  county  of Erie, a participating employer in the New York state and
 local employees' retirement system, which previously  elected  to  offer
 the  optional  twenty  year  retirement  plan  established  pursuant  to
 sections 552 and 553 of the retirement and social security law, to depu-
 ty sheriffs employed by  such  county,  is  hereby  authorized  to  make
 participation  in such plan available to Christopher J. Lysy, Kristin M.
 Rozycki, Marc J. Bristow, Daniel E. Walczak, Thomas Van Wie  and  Donald
 Hoelscher,  deputy  sheriffs  employed  by  the county of Erie, who, for
 reasons not ascribable to their own negligence  failed  to  make  timely
 application  to  participate  in  such twenty year retirement plan.  The
 county of Erie may so elect by filing with the state comptroller  within
 three months of the effective date of this act, a resolution of the Erie
 county legislature together with certification that such deputy sheriffs
 did  not  bar themselves from participation in such retirement plan as a
 result of their own negligence. Thereafter,  such  deputy  sheriffs  may
 elect  to  be  covered  by the provisions of sections 552 and 553 of the
 retirement and social security law, and shall be entitled  to  the  full
 rights  and  benefits  associated  with coverage under such sections, by
 filing a request to that effect with the state comptroller on or  before
 June 30, 2019.
   §   2.  All  past  service  costs  associated  with  implementing  the
 provisions of this act shall be borne by the county of Erie.
   § 3. This act shall take effect immediately.
   FISCAL NOTE.-- This bill will allow Erie County to elect to reopen the
 provisions of Section 552 together with Section 553  of  the  Retirement
 and Social Security Law for deputy sheriffs Christopher J. Lysy, Kristin
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

                       [ ] is old law to be omitted.
                                                            LBD13562-05-8

 A. 9540--A                          2
 
 M.  Rozycki,  Marc  J.  Bristow,  Daniel E. Walczak, Thomas Van Wie, and
 Donald Hoelscher.
   If this bill is enacted and these deputy sheriffs become covered under
 the  provisions  of Section 552 together with Section 553, we anticipate
 that there will be an increase of approximately $59,000  in  the  annual
 contributions  of Erie County for the fiscal year ending March 31, 2019.
 In future years, this cost will vary as the billing rates  and  salaries
 of these deputy sheriffs change.
   In addition to the annual contributions discussed above, there will be
 an  immediate  past service cost of approximately $381,000 which will be
 borne by Erie County as a one-time payment. This estimate  is  based  on
 the assumption that payment will be made on February 1, 2019.
   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, 2017  actuarial  valu-
 ation.    Distributions  and  other  statistics can be found in the 2017
 Report of the  Actuary  and  the  2017  Comprehensive  Annual  Financial
 Report.
   The  actuarial assumptions and methods used are described in the 2015,
 2016 and 2017 Annual Report to the Comptroller on Actuarial Assumptions,
 and the Codes Rules and Regulations of the  State  of  New  York:  Audit
 Control.
   The Market Assets and GASB Disclosures are found in the March 31, 2017
 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 22,  2018,  and  intended  for  use  only
 during the 2018 Legislative Session, if Fiscal Note No. 2018-2, prepared
 by the Actuary for the New York State and Local Retirement System.