Senate Bill S10206

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10206
 
                             I N  S E N A T E
 
                                May 5, 2026
                                ___________
 
 Introduced  by  Sen.  ASHBY  -- read twice and ordered printed, and when
   printed to be committed to the Committee on Civil Service and Pensions
 
 AN ACT to authorize Ryan J. St. Gelais and Aaron M. St.  Gelais,  police
   officers  in  the  village  of  Menands,  county of Albany, to receive
   certain credit under section 384-d of the retirement and social  secu-
   rity 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 the law, Ryan J. St.
 Gelais and Aaron M. St. Gelais,  currently  village  of  Menands  police
 officers  and  members  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  were members of the New York State local retirement
 system, and who, for reasons not ascribable  to  their  own  negligence,
 were  not  granted  service credit under section 384-d of the retirement
 and social security law for the period of employment, 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 asso-
 ciated with coverage 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. Prior to Ryan J. St. Gelais and Aaron M. St.
 Gelais submitting such request, they must first file an application  for
 tier  reinstatement  with  the  New York state and local police and fire
 retirement system, as they have previously  withdrawn  their  membership
 with the New York state and local employees' retirement system. Once any
 costs  associated with Ryan J. St. Gelais and Aaron M. St. Gelais's tier
 reinstatement to their prior membership are paid in full by  them,  they
 may  be granted the service credit and such service credit will be cred-
 itable service under section 384-d of the retirement and social security
 law for Ryan J. St.  Gelais and Aaron M. St. Gelais.
   § 2. All past service costs incurred in implementing the provisions of
 this act shall be borne by the village of Menands.
   § 3. This act shall take effect immediately.
   FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD15499-02-6
 S. 10206                            2
 
   This bill would grant police officers Ryan St. Gelais  and  Aaron  St.
 Gelais,  members of the New York State and Local Police and Fire Retire-
 ment System (NYSLPFRS) employed by the village of  Menands,  to  receive
 service credit under section 384-d of the Retirement and Social Security
 Law  (RSSL)  for  correction officer service and age-based plan service.
 Currently, correction officer service and age-based plan service are not
 creditable in a NYSLPFRS twenty-year retirement plan.
   This bill will not increase the village of  Menands'  annual  contrib-
 utions.
   There  will be an immediate past service cost of $260,000 borne by the
 village of Menands as a one-time payment. This cost assumes that payment
 will be made on February 1, 2027.
   Ryan St. Gelais and Aaron St. Gelais must complete and  file  applica-
 tions  for  tier  reinstatement  with  NYSLPFRS for service credit to be
 granted.
   Summary of relevant resources:
   Membership data as of March 31, 2025 was used to measure the impact of
 the bill, the same data used in the Actuarial Valuations dated April  1,
 2025. Distributions and other statistics can be found in the 2025 Report
 of  the  Actuary and the 2025 Annual Comprehensive Financial Report. The
 actuarial assumptions and methods used are described in the 2025  Annual
 Report to the Comptroller on Actuarial Assumptions, and the Codes, Rules
 and  Regulations  of  the State of New York: Audit and Control. The fair
 value of assets and GASB disclosures can be found in the 2025  Financial
 Statements and Supplementary Information.
   Assumptions,  demographics,  and  other  considerations  may have been
 modified to better reflect specific provisions of any  proposed  benefit
 change(s).
   This  fiscal note does not constitute a legal opinion on the viability
 of the bill, nor is it intended to serve as a substitute for the profes-
 sional judgment of an attorney.
   This estimate, dated May 4, 2026, and intended for use only during the
 2026 Legislative Session, is Fiscal Note Number 2026-185. As Chief Actu-
 ary of the New York State and Local Retirement System (NYSLRS), I, Aaron
 Schottin Young, hereby certify that this analysis complies with applica-
 ble Actuarial Standards of Practice as well as the Code of  Professional
 Conduct  and Qualification Standards for Actuaries Issuing Statements of
 Actuarial Opinion of the American Academy of Actuaries, of which I am  a
 member.  I am a member of NYSLRS but do not believe it impairs my objec-
 tivity.