Bill Text: NY A08026 | 2021-2022 | General Assembly | Introduced

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Bill Title: Grants a retroactive retirement date of August 5, 2010 from the New York state and local police and fire retirement system for Cariol Horne.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2021-06-10 - substituted by s7209 [A08026 Detail]

Download: New_York-2021-A08026-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          8026

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                      June 7, 2021
                                       ___________

        Introduced  by  M. of A. PEOPLES-STOKES -- read once and referred to the
          Committee on Governmental Employees

        AN ACT granting a retroactive retirement date of August 5, 2010 from the
          New York state and local police and fire retirement system for  Cariol
          Horne

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Notwithstanding any other provision of law to the contrary,
     2  Cariol Horne, who is a member of the New York state and local police and
     3  fire retirement system, and was employed by the city of  Buffalo  police
     4  department  as  a police officer, shall be deemed eligible for a service
     5  retirement benefit effective August 5, 2010. Due to no fault of her own,
     6  Ms. Horne was ineligible to file for her service retirement benefit with
     7  the New York state and local police and fire retirement system on August
     8  5, 2010, based on her wrongful termination  from  the  city  of  Buffalo
     9  police  department. At the time of her termination she was ineligible to
    10  qualify for a service retirement benefit because she did not have twenty
    11  qualifying years of service credit necessary to retire under her special
    12  retirement plan established pursuant to section 384-d of the  retirement
    13  and  social  security  law.  On  April  13,  2021, a grave injustice was
    14  corrected when Cariol Horne's termination was vacated and she was subse-
    15  quently reinstated to the Buffalo police department for  the  period  of
    16  July 26, 2008 through August 4, 2010, which provided her with the neces-
    17  sary  twenty  years  of  qualifying  service  credit  required under her
    18  special plan.  Within one year from the  effective  date  of  this  act,
    19  Cariol  Horne  may file with the New York state and local police retire-
    20  ment system an application  for  service  retirement  benefits  with  an
    21  effective date of retirement of August 5, 2010. Once such application is
    22  received,  any rights or benefits payable to Ms. Horne shall be retroac-
    23  tive to the effective date of her retirement.    Upon  receipt  of  such
    24  request, the New York state and local police and fire retirement system,

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11791-02-1
        A. 8026                             2

     1  shall  pay Cariol Horne the retirement benefits she otherwise would have
     2  received if she had retired on August 5, 2010, without interest.
     3    §  2.  All  past  service  costs associated with implementing this act
     4  shall be borne by the city of Buffalo.
     5    § 3. This act shall take effect immediately.
          FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
          This bill would provide police officer Cariol Horne a service  retire-
        ment  benefit  commencing  August  5,  2010. Currently, Officer Horne is
        entitled to a service retirement benefit commencing April 9, 2019.
          If this bill is enacted during the  2021  legislative  session,  there
        will  be  an immediate past service cost of approximately $300,000 which
        will be borne by the City of Buffalo as a one-time payment.  This  esti-
        mate is based on the assumption that payment will be made on February 1,
        2022.
          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 June 7, 2021, and intended for  use  only  during
        the  2021  Legislative Session, is Fiscal Note No. 2021-150, prepared by
        the Actuary for the New York State and Local Retirement System.