Bill Text: NY A10765 | 2017-2018 | General Assembly | Introduced

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Bill Title: Authorizes Patrick Humiston to receive certain service credit under section 384-d of the retirement and social security law.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2018-05-17 - referred to governmental employees [A10765 Detail]

Download: New_York-2017-A10765-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          10765
                   IN ASSEMBLY
                                      May 17, 2018
                                       ___________
        Introduced  by M. of A. BOHEN -- read once and referred to the Committee
          on Governmental Employees
        AN ACT to authorize Patrick Humiston to receive certain  service  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:
     1    Section 1. Notwithstanding any other provision of law,  Patrick  Humi-
     2  ston,  currently  a city of Buffalo police officer and member of the New
     3  York State and local police and fire  retirement  system  covered  under
     4  section 384-d of the retirement and social security law, who for a peri-
     5  od  beginning November 12, 2002 and ending August 21, 2006, was employed
     6  as a deputy sheriff by the Erie County Sheriff's Department where he was
     7  a member of the New York state and local employees'  retirement  system,
     8  and  who,  for  reasons  not  ascribable  to his own negligence, was not
     9  granted service credit under section 384-d of the retirement and  social
    10  security law for his period of employment with the Erie County Sheriff's
    11  Department,  shall be granted such service credit under section 384-d of
    12  the retirement and social security law and shall be entitled to the full
    13  rights and benefits associated with coverage under such section as  well
    14  as  section 384-e of such law, provided that a request to that effect is
    15  filed with the state comptroller within one year from the effective date
    16  of this act.
    17    § 2. All past service costs incurred in implementing the provisions of
    18  this act shall be borne by the city of Buffalo.
    19    § 3. This act shall take effect immediately.
          FISCAL NOTE. -- Pursuant to Legislative Law, Section 50:
          This bill will grant service credit under section 384-d together  with
        section 384-e of the Retirement and Social Security Law to Patrick Humi-
        ston, a current member of the Police and Fire Retirement System, for the
        period  of November 12, 2002 through August 21, 2006 during which he was
        employed as a deputy sheriff by the Erie  County  Sheriff's  Department.
        Currently,  deputy  sheriff  service  is not creditable in a twenty year
        police retirement plan.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15165-03-8
        A. 10765                            2
          If this bill is enacted during the  2018  legislative  session,  there
        will  not  be  an  increase  in  the annual contributions of the City of
        Buffalo.
          However, there will be an immediate past service cost of approximately
        $231,000  which  will  be  borne  by  the  city of Buffalo as a one-time
        payment. This estimate is based on the assumption that the payment  will
        be made on February 1, 2019.
          Summary of relevant resources:
          The  membership  data  used  in  measuring  the impact of the proposed
        change was the same as that used in the March 31, 2017  actuarial  valu-
        ation.    Distributions  and  other  statistics can be found in the 2017
        Report of the  Actuary  and  the  2017  Comprehensive  Annual  Financial
        Report.
          The  actuarial assumptions and methods used are described in the 2015,
        2016, and 2017 Annual Report to the  Comptroller  on  Actuarial  Assump-
        tions,  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, 2017
        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  estimate, dated March 22, 2018, and intended for use only during
        the 2018 Legislative Session, is Fiscal Note No.  2018-78,  prepared  by
        the Actuary for the New York State and Local Retirement System.