Bill Text: NY S06426 | 2009-2010 | General Assembly | Introduced

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Bill Title: Authorizes Paul J. Kosinski to file an application for retroactive membership as a Tier II member of the New York state and local employees' retirement system.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-01-06 - REFERRED TO CIVIL SERVICE AND PENSIONS [S06426 Detail]

Download: New_York-2009-S06426-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         6426
                                   I N  S E N A T E
                                      (PREFILED)
                                    January 6, 2010
                                      ___________
       Introduced  by  Sen.  STACHOWSKI  -- read twice and ordered printed, and
         when printed to be committed to the Committee  on  Civil  Service  and
         Pensions
       AN  ACT  authorizing Paul J. Kosinski to file for retroactive membership
         in the New York state and local employees' retirement system with tier
         2 status
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Notwithstanding  any other inconsistent provision of law,
    2  rule or regulation, Paul J. Kosinski, who was employed by  the  city  of
    3  Buffalo  on  November 20, 1974 and who is currently employed by New York
    4  state and enrolled as a member of the New York state and  local  employ-
    5  ees'  retirement  system, but who, for reasons not ascribable to his own
    6  negligence, did not become a member of the  New  York  state  and  local
    7  employees'  retirement  system  on November 20, 1974, shall be deemed to
    8  have become a member of such retirement system as of November 20,  1974,
    9  having  tier 2 status, if, on or before December 31, 2010, he shall file
   10  a written request with the comptroller to that effect.
   11    S 2. All past service costs associated with the operation of this  act
   12  shall be borne by the state.
   13    S 3. This act shall take effect immediately.
         FISCAL  NOTE.--This  would grant Paul J. Kosinski Tier 2 status in the
       New York State and Local Employees' Retirement System  by  changing  his
       date of membership to November 20, 1974. All past employee contributions
       will be refunded.
         If  this bill is enacted, we anticipate that there will be an increase
       of approximately $1,400 in the annual contributions of  New  York  State
       for the fiscal year ending March 31, 2011.
         In addition to the annual contributions discussed above, there will be
       an  immediate  past service cost of approximately $54,900 which would be
       borne by New York State as a one-time payment. This estimate   is  based
       on the assumption that payment will be made on March 1, 2011.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD14927-02-0
       S. 6426                             2
         This  estimate,  dated  December  11,  2009  and intended for use only
       during the  2010  Legislative  Session,  is  Fiscal  Note  No.  2010-43,
       prepared  by  the  Actuary  for  the  New  York State & Local Employees'
       Retirement System.