NY State Senate Bill 2017-S7562A

Senate Bill S7562A

2017-2018 Legislative Session

Grants membership in the New York state and local employees' retirement system to Mark N. Neusatz

download bill text pdf

Archive: Last Bill Status - In Senate Committee Civil Service And Pensions Committee

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

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Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jun 11, 2018	print number 7562a
Jun 11, 2018	amend and recommit to civil service and pensions
Jan 25, 2018	referred to civil service and pensions

Bill Amendments

Original

A (Active)

2017-S7562 - Details

See Assembly Version of this Bill:: A10944
Current Committee:: Senate Civil Service And Pensions
Law Section:: Retirement

2017-S7562 - Summary

Grants membership in the New York state and local employees' retirement system to Mark N. Neusatz.

2017-S7562 - Sponsor Memo

2017-S7562 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7562
 
                             I N  S E N A T E
 
                             January 25, 2018
                                ___________
 
 Introduced  by  Sen.  ROBACH -- read twice and ordered printed, and when
   printed to be committed to the Committee on Civil Service and Pensions
 
 AN ACT granting retroactive membership in the New York state  and  local
   employees' retirement system to Mark N. Neusatz
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Notwithstanding any other law  to  the  contrary,  Mark  N.
 Neusatz, who was employed as a part-time employee with the Monroe county
 sheriff's department with a start date of April 26, 2005 until April 10,
 2010,  and  who  is  currently  a member of the New York state and local
 employees' retirement system, who through no fault of his  own  did  not
 become  a  member  of the New York state and local employees' retirement
 system on April 26, 2005 when first employed by the Monroe county  sher-
 iff's  department  shall be deemed to have been a member of the New York
 state and local employees' retirement system on such date, provided that
 an application is filed with the head of the New York  state  and  local
 employees'  retirement system within one year from the effective date of
 this act.
   § 2. No contributions made to the New York state and local  employees'
 retirement  system  by  Mark N. Neusatz shall be returned or refunded to
 him pursuant to this act.
   § 3. All past service costs associated with the implementation of this
 act shall be borne by Monroe county.
   § 4. 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 Mark N. Neusatz, a current Tier 5 member
 employed by the Monroe county sheriff's department, by changing his date
 of  membership  to  April 26, 2005, when he was first employed by Monroe
 County. There will be no refund of member contributions.
   If this bill is enacted during the 2018 legislative session, we antic-
 ipate that there will be an increase  of  approximately  $1,900  in  the
 annual  contributions  of Monroe county for the fiscal year ending March
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD13950-03-8

 S. 7562                             2
 
 31, 2019. In future years, this cost will vary as the billing  rate  and
 salary of Mark Neusatz change.
   In addition to the annual contributions discussed above, there will be
 an  immediate  past  service  cost of approximately $3,600 which will be
 borne by Monroe 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  Assump-
 tions,  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, 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 4, 2018, and intended for use only during
 the  2018  Legislative  Session, is Fiscal Note No. 2018-29, prepared by
 the Actuary for the New York State and Local Retirement System.

2017-S7562A (ACTIVE) - Details

See Assembly Version of this Bill:: A10944
Current Committee:: Senate Civil Service And Pensions
Law Section:: Retirement

2017-S7562A (ACTIVE) - Summary

Grants membership in the New York state and local employees' retirement system to Mark N. Neusatz.

2017-S7562A (ACTIVE) - Sponsor Memo

2017-S7562A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  7562--A
 
                             I N  S E N A T E
 
                             January 25, 2018
                                ___________
 
 Introduced  by  Sen.  ROBACH -- read twice and ordered printed, 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
 
 AN  ACT  granting retroactive membership in the New York state and local
   employees' retirement system to Mark N. Neusatz

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Notwithstanding  any  other  law to the contrary, Mark N.
 Neusatz, who was employed as a part-time employee with the Monroe county
 sheriff's department with a start date of April 26, 2005 until April 10,
 2010, and who is currently a member of the  New  York  state  and  local
 employees'  retirement  system,  who  did not become a member of the New
 York state and local employees' retirement system on April 26, 2005 when
 first employed by the Monroe county sheriff's department shall be deemed
 to have been a member of the New York state and local employees' retire-
 ment system on such date, provided that an application is filed with the
 head of the New York state and local employees' retirement system within
 one year from the effective date of this act.
   § 2. No contributions made to the New York state and local  employees'
 retirement  system  by  Mark N. Neusatz shall be returned or refunded to
 him pursuant to this act.
   § 3. All past service costs associated with the implementation of this
 act shall be borne by Monroe county.
   § 4. 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 Mark N. Neusatz, a current Tier 5 member
 employed by the Monroe county sheriff's department, by changing his date
 of  membership  to  April 26, 2005, when he was first employed by Monroe
 County. There will be no refund of member contributions.
   If this bill is enacted during the 2018 legislative session, we antic-
 ipate that there will be an increase of appoximately $1,900 in the annu-
 al contributions of Monroe county for the fiscal year ending  March  31,
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

                       [ ] is old law to be omitted.
                                                            LBD13950-07-8

 S. 7562--A                          2
 
 2019. In future years, this cost will vary as the billing rate and sala-
 ry of Mark Neusatz change.
   In addition to the annual contributions discussed above, there will be
 an  immediate  past  service  cost of approximately $3,600 which will be
 borne by Monroe 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  Assump-
 tions,  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, 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 4, 2018, and intended for use only during
 the  2018  Legislative  Session, is Fiscal Note No. 2018-29, prepared by
 the Actuary for the New York State and Local Retirement System.

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