S T A T E   O F   N E W   Y O R K
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                                  7419--A
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 19, 2023
                                ___________
 
 Introduced  by  M.  of  A.  ZEBROWSKI  --  read once and referred to the
   Committee on Governmental Employees -- recommitted to the Committee on
   Governmental Employees in accordance with Assembly Rule 3, sec.  2  --
   committee  discharged,  bill amended, ordered reprinted as amended and
   recommitted to said committee

 AN ACT granting retroactive tier IV membership in the New York state and
   local employees' retirement system to Raymond Ruckel
 
   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,
 Raymond Ruckel, a tier VI member of the New York state and local employ-
 ees'  retirement system employed by the Rockland county sheriff's office
 correction division and who was employed as a  full-time  employee  with
 Clarkstown  Central School District from August 1, 1990 through December
 1, 1990 and who, through no fault of his own, did not become a member of
 the New York state and local employees' retirement system on  August  1,
 1990  when  he  became  eligible for membership in such system, shall be
 deemed to have a date of membership with the New York  state  and  local
 employees'  retirement  system  of  August  1,  1990 if he shall file an
 application therefore with the state comptroller within one year of  the
 effective  date  of  this  act.  Upon  the  receipt of such application,
 Raymond Ruckel shall be granted tier IV status in the New York state and
 local employees' retirement system and shall be  eligible  for  all  the
 rights and benefits thereof.
   § 2. All past service costs of implementing the provisions of this act
 shall be borne by Clarkstown Central School District, and there shall be
 no refund of member contributions to Raymond Ruckel.
   § 3. This act shall take effect immediately.
   FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
   This  bill  would  grant Tier 4 status in the New York State and Local
 Employees' Retirement System to Raymond Ruckel, a current Tier 6  member
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10878-04-4
              

 A. 7419--A                          2
 
 employed  by  Rockland  County,  by changing their date of membership to
 August 1, 1990, their first  date  of  employment  with  the  Clarkstown
 Central  School  District.  There  will  be no refund of member contrib-
 utions.
   If this bill is enacted during the 2024 Legislative Session, we antic-
 ipate  that  there  will  be  an increase of approximately $7,500 in the
 annual contributions of Rockland County for the fiscal year ending March
 31, 2025. In future years this cost will vary as the billing  rates  and
 salary of Raymond Ruckel change.
   In addition to the annual contributions discussed above, there will be
 an  immediate  past  service cost of approximately $19,100 which will be
 borne by the Clarkstown Central School District as a  one-time  payment.
 This estimate assumes that payment will be made on February 1, 2025.
   Summary of relevant resources:
   Membership  data as of March 31, 2023 was used in measuring the impact
 of the proposed change, the same data used in the April 1, 2023 actuari-
 al valuation.  Distributions and other statistics can be  found  in  the
 2023  Report  of the Actuary and the 2023 Annual Comprehensive Financial
 Report.
   The actuarial assumptions and methods used are described in  the  2023
 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, 2023
 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 April 15, 2024, and intended for use only  during
 the  2024  Legislative Session, is Fiscal Note No. 2024-163, prepared by
 the Actuary for the New York State and Local Retirement System.