NY State Assembly Bill A8261

Archive: Last Bill Status Via S6382 - Vetoed by Governor

Introduced
In Committee
On Floor Calendar
- Passed Senate
- Passed Assembly
Delivered to Governor
Vetoed by Governor

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Actions

view actions (13)

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Dec 13, 2019	vetoed memo.231
Dec 06, 2019	delivered to governor
Jun 20, 2019	returned to senate passed assembly home rule request ordered to third reading rules cal.697 substituted for a8261
Jun 20, 2019	substituted by s6382 rules report cal.697 reported
Jun 19, 2019	reported referred to rules
Jun 18, 2019	reference changed to ways and means
Jun 11, 2019	referred to governmental employees

Votes

A8261 (ACTIVE) - Details

See Senate Version of this Bill:: S6382
Law Section:: Retirement
Versions Introduced in Other Legislative Sessions:: 2017-2018: A10717, S8598
2021-2022: A8025, S7240

A8261 (ACTIVE) - Summary

Authorizes retroactive tier III membership in the New York state and local employees' retirement system to Steven R. Grice.

A8261 (ACTIVE) - Bill Text download pdf


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

                                  8261

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                              June 11, 2019
                               ___________

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

AN  ACT  granting  retroactive tier III membership in the New York state
  and local employees' retirement system to Steven R. Grice

  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, Steven R.
Grice, who is currently a Tier VI member of the New York state and local
employees' retirement system and currently employed  by  the  county  of
Genesee, and who commenced employment with the county of Genesee on June
22,  1981,  and  who,  for reasons not ascribable to his own negligence,
failed to become a member of the New York  state  and  local  employees'
retirement  system in 1981, may be deemed to have become a member of the
New York state and local employees' retirement system on June 22,  1981,
if  within  one  year of the effective date of this act he shall file an
application therefor with the state comptroller. Upon  receipt  of  such
application, Steven R. Grice shall be granted Tier III 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 Steven R. Grice
shall be returned to him pursuant to this act.
  § 2. Any past service costs incurred in implementing the provisions of
this act shall be borne by the county of Genesee.
  § 3. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
  This bill will grant Tier 3 status in the New  York  State  and  Local
Employees' Retirement System to Steven R. Grice, a current Tier 6 member
employed by the county of Genesee, by changing his date of membership to
June  22, 1981, his first date of employment with the county of Genesee.
There will be no refund of member contributions. As a Tier 3 member with

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02405-02-9

A. 8261                             2

over 10 years of membership, he will no longer be required  to  make  3%
member contributions.
  If this bill is enacted during the 2019 legislative session, we antic-
ipate  that  there  will  be  an increase of approximately $4,900 in the
annual contributions of the county of Genesee for the fiscal year ending
March 31, 2020. In future years, this cost  will  vary  as  the  billing
rates and salary of Steven Grice change.
  In addition to the annual contributions discussed above, there will be
an  immediate  past  service  cost  of $8,430 which will be borne by the
county of Genesee as a one-time payment. This estimate is based  on  the
assumption that payment will be made on February 1, 2020.
  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, 2018  actuarial  valu-
ation.    Distributions  and  other  statistics can be found in the 2018
Report of the  Actuary  and  the  2018  Comprehensive  Annual  Financial
Report.
  The  actuarial assumptions and methods used are described in the 2015,
2016, 2017 and 2018  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, 2018
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  fiscal note does not constitute a legal opinion on the viability
of the proposed change nor is it intended to serve as a  substitute  for
the professional judgment of an attorney.
  This  estimate,  dated  May 16, 2019, and intended for use only during
the 2019 Legislative Session, is Fiscal Note No. 2019-123,  prepared  by
the Actuary for the New York State and Local Retirement System.

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The New York State Senate

assembly Bill A8261

Sponsored By

Archive: Last Bill Status Via S6382 - Vetoed by Governor

Your Voice

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Votes

Jun 18, 2019 - floor Vote

Floor Vote: Jun 18, 2019

Jun 18, 2019 - Rules committee Vote

Committee Vote: Jun 18, 2019

A8261 (ACTIVE) - Details

A8261 (ACTIVE) - Summary

A8261 (ACTIVE) - Bill Text download pdf

Comments

assembly Bill A8261

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Sponsored By

HAWLEY

Archive: Last Bill Status Via S6382 - Vetoed by Governor

Your Voice

Actions

Votes

Jun 18, 2019 - floor Vote

Floor Vote: Jun 18, 2019

Jun 18, 2019 - Rules committee Vote

Committee Vote: Jun 18, 2019

A8261 (ACTIVE) - Details

A8261 (ACTIVE) - Summary

A8261 (ACTIVE) - Bill Text download pdf

Comments