Bill Text: NY S05629 | 2023-2024 | General Assembly | Amended

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Bill Title: Authorizes Michael V. Layman to receive state police retirement credit for services performed as a SUNY police officer.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2024-01-29 - PRINT NUMBER 5629A [S05629 Detail]

Download: New_York-2023-S05629-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                         5629--A

                               2023-2024 Regular Sessions

                    IN SENATE

                                      March 9, 2023
                                       ___________

        Introduced by Sen. OBERACKER -- 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 to authorize the granting of retirement service credit in the New
          York state and local police and fire retirement system to  Michael  V.
          Layman for service as a university police officer

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

     1    Section 1. Notwithstanding any inconsistent provision of law,  Michael
     2  V.    Layman  a  retiree of the New York state and local police and fire
     3  retirement system who was employed as a Zone Sergeant until his  retire-
     4  ment  on  November  29, 2020, and who was a member of the New York state
     5  and local employees' retirement system while employed  as  a  university
     6  police officer by the State University of New York at Cortland the State
     7  University of New York at Delhi, and the State University of New York at
     8  Oneonta  from  May  26,  1988 until March 30, 1992, which service is not
     9  deemed to be police service for purposes of the New York state and local
    10  police and fire retirement system  pursuant  to  section  381-b  of  the
    11  retirement  and social security law, shall be granted retirement service
    12  credit pursuant to section 381-b of the retirement and  social  security
    13  law  for  such  employment  as  a university police officer at the State
    14  University of New York at Cortland, the State University of New York  at
    15  Delhi,  and  the  State  University  of  New  York at Oneonta as if such
    16  service was rendered with the division of  state  police  prior  to  his
    17  retirement  and  have his retirement benefit recalculated as of November
    18  29, 2020, if, on or before December 31, 2024, he shall  file  a  written
    19  request to that effect with the state comptroller.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06604-05-4
        S. 5629--A                          2

     1    § 2. All service costs attributable to the operation of this act shall
     2  be borne by the state of New York.
     3    § 3. This act shall take effect immediately.
          FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
          This  bill  would  grant  Michael V. Layman, a retiree of the New York
        State and Local Police and Fire Retirement System and  former  New  York
        State Police officer, additional service creditable for time worked as a
        university police officer. Such service is only creditable under a State
        Police  plan  upon  the  completion  of  20  years  and  the  successful
        completion of a course of law enforcement training within  one  year  of
        the date of appointment.
          If  this  bill  is  enacted during the 2024 Legislative Session, there
        will be an immediate past service cost of approximately  $122,000  which
        will be borne by the State of New York as a one-time payment. This esti-
        mate assumes that payment will be made on March 1, 2025.
          Summary of relevant resources:
          Membership  data as of March 31, 2023 was used in measuring the impact
        of the proposed change, the same data used in the April 1, 2023 actuari-
        al valuation. Distributions and other statistics can  be  found  in  the
        2023  Report  of the Actuary and the 2023 Annual Comprehensive Financial
        Report.
          The actuarial assumptions and methods used are described in  the  2023
        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, 2023
        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 January 25,  2024,  and  intended  for  use  only
        during  the  2024  Legislative  Session,  is Fiscal Note No.   2024-101,
        prepared by the Actuary for the New  York  State  and  Local  Retirement
        System.