NY State Senate Bill S4117

Current Bill Status - Delivered to Governor

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

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Actions

view actions (14)

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Oct 18, 2021	delivered to governor
Jun 07, 2021	returned to senate passed assembly home rule request ordered to third reading rules cal.435 substituted for a5325
May 25, 2021	referred to ways and means delivered to assembly passed senate home rule request
May 24, 2021	ordered to third reading cal.1279 committee discharged and committed to rules
Feb 23, 2021	reported and committed to finance
Feb 02, 2021	referred to civil service and pensions

Votes

view votes

May 25, 2021 - floor Vote

S4117

floor

Aye

Nay

Absent

Excused

Abstained

May 24, 2021 - Rules committee Vote

S4117

committee

Aye

Nay

Aye with Reservations

Absent

Excused

Abstained

Feb 23, 2021 - Civil Service and Pensions committee Vote

S4117

committee

Aye

Nay

Aye with Reservations

Absent

Excused

Abstained

Co-Sponsors

S4117 (ACTIVE) - Details

See Assembly Version of this Bill:: A5325
Law Section:: Retirement
Versions Introduced in Other Legislative Sessions:: 2017-2018: S8281, A10481
2019-2020: S2093, A5391

S4117 (ACTIVE) - Summary

Authorizes the village of Endicott to offer an optional twenty year retirement plan to Police Officer Jennifer Quinn who is employed by such village.

S4117 (ACTIVE) - Sponsor Memo

 
BILL NUMBER: S4117

SPONSOR: AKSHAR
 
TITLE OF BILL:

An act to authorize the village of Endicott to offer an optional twenty
year retirement plan to a certain police officer employed by such
village

 
PURPOSE OR GENERAL IDEA OF BILL:

The purpose of the legislation is to allow the village of Endicott to
reopen the provisions of Section 384-d of the Retirement and Social

Security Law for police officer Jennifer Quinn.

 
SUMMARY OF PROVISIONS:

Section 1: Allows the Village of Endicott to offer an optional twenty
year retirement plan contained in section 384-d to police officer Jenni-
fer Quinn, rather than the section 375-I plan which she was incorrectly

enrolled.

Section 2: Allows the Village of Endicott to amortize the cost over a
five year period.

Section 3: Effective date.

 
JUSTIFICATION:

Jennifer Quinn was employed with the Village of Endicott Police Depart-
ment as an officer beginning on August 7, 2000. Through no fault of her
own, she failed to file a timely application in the special twenty year
retirement plan contained in section 384-d of the retirement and social
security law which resulted in her being places in the section 375-i,
the incorrect plan. All other members of the Village's Police Department
are in Section 384-d of the Retirement System.

The Village of Endicott and Jennifer Quinn have requested that she be
allowed to be placed in the section 375-I plan. The Village Board passed
a resolution on May 9, 2017 requesting that the Village be granted the
approval to move Ms. Quinn to her preferred plan. The village of Endi-
cott will be responsible for paying the past cost services to the
retirement system.

 
PRIOR LEGISLATIVE HISTORY:

S. 2093-A - Died in Civil Service and Pensions S.8281 - Died in Civil
Service and Pensions

 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:

This legislation will have no fiscal implications to the State; all past
service costs associated with implementing the provisions of this act
shall be borne by the Village of Endicott and may be amortized over a
period of five years. The total cost of past service is $151,000.

 
EFFECTIVE DATE:
This act shall take effect immediately

S4117 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4117
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             February 2, 2021
                                ___________
 
 Introduced  by  Sen.  AKSHAR -- read twice and ordered printed, and when
   printed to be committed to the Committee on Civil Service and Pensions
 
 AN ACT to authorize the village of Endicott to offer an optional  twenty
   year  retirement  plan  to  a  certain police officer employed by such
   village

   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,
 Jennifer Quinn, a member of the New York state and local police and fire
 retirement  system,  who  was first employed as a police officer for the
 village of Endicott on August 7, 2000, and who, through no fault of  her
 own,  failed  to file a timely application to participate in the special
 twenty year retirement plan contained in section 384-d of the retirement
 and social security law resulting in the crediting of her  service  with
 the  village  of  Endicott  in  the retirement plan contained in section
 375-i of such law, shall be given  full  credit  in  the  section  384-d
 special  twenty  year retirement plan for such service upon the election
 of the village of Endicott to assume the additional cost of such service
 and her election to participate in such plan.  The village  of  Endicott
 may  so  elect  by,  within  one year of the effective date of this act,
 filing with the state comptroller a resolution of its local  legislative
 body  together  with  certification that such member did not bar herself
 from participation in such retirement plan as a result of her own negli-
 gence.  Such police officer may elect to be covered by the provisions of
 section 384-d of the retirement and social security law,  and  shall  be
 entitled  to the full rights and benefits associated with coverage under
 such section by filing a request to that effect  with  the  state  comp-
 troller within eighteen months of the effective date of this act.
   §   2.  All  past  service  costs  associated  with  implementing  the
 provisions of this act shall be borne by the village of Endicott and may
 be amortized over a period of five years.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD04156-02-1

 S. 4117                             2
 
   § 3. This act shall take effect immediately.
   FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
   This  bill  would allow the Village of Endicott to elect to reopen the
 provisions of Section 384-d of the Retirement and  Social  Security  Law
 for police officer Jennifer Quinn.
   If this bill is enacted during the 2021 legislative session and Jenni-
 fer  Quinn  becomes  covered  under  the provisions of Section 384-d, we
 anticipate that there will be an increase of approximately $8,300 in the
 annual contributions of the Village of  Endicott  for  the  fiscal  year
 ending March 31, 2022. In future years, this cost will vary as the bill-
 ing rates and salary of Jennifer Quinn change.
   In addition to the annual contributions discussed above, there will be
 an  immediate  past service cost of $151,000, which will be borne by the
 Village of Endicott as a one-time payment. This estimate is based on the
 assumption that payment will be made on February 1, 2022. If the Village
 of Endicott elects to amortize this cost over a 5 year period, the  cost
 for the first year would be $34,400.
   Summary of relevant resources:
   Membership  data as of March 31, 2020 was used in measuring the impact
 of the proposed change, the same data used in the April 1, 2020 actuari-
 al valuation. Distributions and other statistics can  be  found  in  the
 2020  Report  of the Actuary and the 2020 Comprehensive Annual Financial
 Report.
   The actuarial assumptions and methods used are described in  the  2020
 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, 2020
 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 January 13,  2021,  and  intended  for  use  only
 during  the  2021  Legislative  Session,  is  Fiscal  Note  No. 2021-17,
 prepared by the Actuary for the New  York  State  and  Local  Retirement
 System.

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The New York State Senate

senate Bill S4117

Sponsored By

Current Bill Status - Delivered to Governor

Your Voice

Actions

Votes

May 25, 2021 - floor Vote

Floor Vote: May 25, 2021

May 24, 2021 - Rules committee Vote

Rules Committee Vote: May 24, 2021

Feb 23, 2021 - Civil Service and Pensions committee Vote

Civil Service and Pensions Committee Vote: Feb 23, 2021

Co-Sponsors

S4117 (ACTIVE) - Details

S4117 (ACTIVE) - Summary

S4117 (ACTIVE) - Sponsor Memo

S4117 (ACTIVE) - Bill Text download pdf

Comments

senate Bill S4117

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Sponsored By

Fred Akshar

Current Bill Status - Delivered to Governor

Your Voice

Actions

Votes

May 25, 2021 - floor Vote

Floor Vote: May 25, 2021

May 24, 2021 - Rules committee Vote

Rules Committee Vote: May 24, 2021

Feb 23, 2021 - Civil Service and Pensions committee Vote

Civil Service and Pensions Committee Vote: Feb 23, 2021

Co-Sponsors

Robert Jackson

S4117 (ACTIVE) - Details

S4117 (ACTIVE) - Summary

S4117 (ACTIVE) - Sponsor Memo

S4117 (ACTIVE) - Bill Text download pdf

Comments