Bill Text: NY S05348 | 2013-2014 | General Assembly | Amended

New York Senate Bill 5348 (Prior Session Legislation)

Bill Title: Grants Jo Ann H. Mattingly Tier II status in the New York state and local employees' retirement system with a membership date of January 24, 1975.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-06-04 - PRINT NUMBER 5348A [S05348 Detail]

Download: New_York-2013-S05348-Amended.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        5348--A
                              2013-2014 Regular Sessions
                                   I N  S E N A T E
                                     May 16, 2013
                                      ___________
       Introduced  by  Sen. KENNEDY -- 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 in relation to granting Jo Ann H. Mattingly Tier II status in the
         New  York  state and local employees' retirement system with a member-
         ship date of January 24, 1975
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Notwithstanding  any other law to the contrary, Jo Ann H.
    2  Mattingly, who is currently a Tier IV member of the New York  state  and
    3  local  employees' retirement system and currently employed by the Office
    4  of Court Administration of the Fourth Department, and who was  appointed
    5  to a temporary, competitive civil service position from January 24, 1975
    6  through  December  31,  1977, and who, for reasons not ascribable to her
    7  own negligence, failed to become a member of  the  New  York  state  and
    8  local  employees'  retirement system in 1975 when first appointed to the
    9  temporary, competitive civil service position, shall be deemed  to  have
   10  been  a member of such retirement system on the date she first commenced
   11  such employment on January 24, 1975 having Tier  II  status  with  every
   12  right,  benefit  and privilege which would have been available to her on
   13  such date.
   14    S 2. All past service costs of implementing the provisions of this act
   15  shall be borne by the state of New York.
   16    S 3. This act shall take effect immediately.
         FISCAL NOTE.--This bill will grant Tier 2 status in the New York State
       and Local Employees' Retirement System to Jo Ann H. Mattingly, a current
       Tier 4 member, by changing her date of membership to January  24,  1975,
       the  first  date  she  was  appointed  to  a temporary competitive civil
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10837-03-4
       S. 5348--A                          2
       service position. Ms. Mattingly will receive a  refund  of  all  of  her
       member contributions.
         If this legislation is enacted during the 2014 legislative session, we
       anticipate that there will be an increase of approximately $3,400 in the
       annual contributions of the State of New York for the fiscal year ending
       March  31,  2015.  In  future  years, this cost will vary as the billing
       rates and salary of Jo Ann H. Mattingly change.
         In addition to the annual contributions discussed above, there will be
       an immediate past service cost of approximately $41,400  which  will  be
       borne  by  the  State of New York as a onetime payment. This estimate is
       based on the assumption that payment will be made on March 1, 2015.
         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, 2013 actuarial valu-
       ation. Distributions and other statistics  can  be  found  in  the  2013
       Report  of  the  Actuary  and  the  2013  Comprehensive Annual Financial
       Report.
         The actuarial assumptions and methods used are described in the  2010,
       2011,  2012  and  2013  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, 2013
       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 May 27, 2014, and intended for  use  only  during
       the  2014  Legislative Session, is Fiscal Note No. 2014-143, prepared by
       the Actuary for the New  York  State  and  Local  Employees'  Retirement
       System.