Senate Bill S9553

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9553
 
                             I N  S E N A T E
 
                              March 24, 2026
                                ___________
 
 Introduced  by  Sen.  GRIFFO -- read twice and ordered printed, and when
   printed to be committed to the Committee on Civil Service and Pensions
 
 AN ACT to authorize the granting of retirement service credit in the New
   York state and local retirement system to Jeffrey M. Hogan for service
   as a Utica firefighter
 
   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, Jeffrey M.
 Hogan, currently an officer of the division of state police, and who  is
 a  tier  2  member  of  the  New  York state and local retirement system
 covered under section 381-b of the retirement and social  security  law,
 who  between  March 24, 2007 and January 3, 2013 was employed as a fire-
 fighter by the Utica Fire Department where he was a member  of  the  New
 York  state  and  local  police and fire retirement system covered under
 section 384-d of the retirement and social security law, shall be grant-
 ed retirement service credit pursuant to section 381-b of the retirement
 and social security law for such employment as  a  firefighter  for  the
 Utica  Fire Department as if such service was rendered with the division
 of state police and shall be entitled to the full  rights  and  benefits
 associated  with  coverage under such section, if, on or before one year
 after the effective date of this act, he shall file a written request to
 that effect with the state comptroller.
   § 2. All service costs attributable to the operation of this act shall
 be borne by the state of New York.
   § 3. This act shall take effect immediately.
   FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
   This bill would grant service credit in section 381-b of  the  retire-
 ment and social security law (RSSL) to Jeffrey M. Hogan, a Tier 2 member
 of  the  New  York  State  and  Local  Police and Fire Retirement System
 (NYSLPFRS) employed by the division of  state  police,  for  the  period
 March  24,  2007 through January 3, 2013 while employed as a firefighter
 covered under section 384-d of the RSSL.
   This bill will not increase the state of New  York's  annual  contrib-
 utions.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD14717-02-6
 S. 9553                             2
 
   Insofar as this bill affects NYSLPFRS, there will be an immediate past
 service  cost  of  $468,000 borne by the state of New York as a one-time
 payment. This cost assumes that payment will be made on March 1, 2027.
   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  February  26,  2026, and intended for use only
 during the 2026 Legislative Session, is Fiscal Note Number 2026-122.  As
 Chief  Actuary  of  the  New  York  State  and  Local  Retirement System
 (NYSLRS), I, Aaron Schottin Young, hereby  certify  that  this  analysis
 complies  with applicable 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 Actu-
 aries,  of  which  I  am  a  member.  I am a member of NYSLRS but do not
 believe it impairs my objectivity.