S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  1504--A
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 12, 2023
                                ___________
 
 Introduced  by Sen. GALLIVAN -- read twice and ordered printed, and when
   printed to be committed to the Committee on Civil Service and Pensions
   -- recommitted to the Committee  on  Civil  Service  and  Pensions  in
   accordance  with  Senate  Rule 6, sec. 8 -- committee discharged, bill
   amended, ordered reprinted as amended and recommitted to said  commit-
   tee
 
 AN  ACT  to  authorize  Timothy  Colling to receive certain credit under
   section 384-d of the retirement and social security law
 
   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, Timothy Coll-
 ing, currently a Town of Hamburg police officer and member  of  the  New
 York  state  and  local  police  and  fire  retirement system covered by
 section 384-d of the retirement and social  security  law,  who  between
 July  30, 2007 and January 5, 2014 was employed by the Erie County Sher-
 iff's Department where he was a member of the New York state  and  local
 employees' retirement system, and who, for reasons not ascribable to his
 own  negligence,  was  not granted service credit under section 384-d of
 the retirement and social security law for his period of employment with
 the Erie County Sheriff's Department,  shall  be  granted  such  service
 credit under section 384-d of the retirement and social security law and
 shall be entitled to the full rights and benefits associated with cover-
 age  under such section, provided a request to that effect is filed with
 the state comptroller within one year from the effective  date  of  this
 act.
   § 2. All past service costs incurred in implementing the provisions of
 this act shall be borne by the Town of Hamburg.
   § 3. This act shall take effect immediately.
   FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
   This  bill  would  grant  service  credit  under  section 384-d of the
 Retirement and Social Security Law to Timothy Colling, a current  member

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00549-03-4
              

 S. 1504--A                          2
 
 of  the  New  York  State  and  Local  Police and Fire Retirement System
 (NYSLPFRS) employed by the Town of Hamburg, for the period of  July  30,
 2007  through January 5, 2014, during which time they were employed as a
 deputy  sheriff in Erie County. Currently, deputy sheriff service is not
 creditable in a NYSLPFRS twenty-year police retirement plan.
   If this bill is enacted during the  2024  Legislative  Session,  there
 will  be  an immediate past service cost of approximately $420,000 which
 will be borne by the Town of Hamburg as a one-time payment.  This  esti-
 mate assumes that payment will be made on February 1, 2025.
   This  bill  will  not  increase the future annual contributions of the
 Town of Hamburg.
   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  February  6,  2024,  and intended for use only
 during the  2024  Legislative  Session,  is  Fiscal  Note  No.  2024-56,
 prepared  by  the  Actuary  for  the New York State and Local Retirement
 System.