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- Referred to civil service and pensions
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Grants Leonard Wayne Bourne Tier II status in the New York state and local employees' retirement system
In Assembly Committee · Governmental Employees · Sponsor Marc Alessi
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act in relation to granting Leonard Wayne Bourne tier 2 status in the New York state and local employees' retirement system
Purpose
To grant Leonard Wayne Bourne retroactive membership with Tier II status in the New York State and local retirement system.
Summary of provisions
EXISTING LAW : None.
Justification
Leonard Wayne Bourne started his employment with the Suffolk County Department of Labor in May of 1976, as part of the CETA 6 program. He then became employed with the Public Administration Office within the Suffolk County Department of Labor. Subsequently, Mr. Bourne gained employment in Suffolk County's Social Services division and then left that post for a period of three years. Mr. Bourne again became employed with Suffolk County Department of Social Services in 1984 and remains employed at present. Although the New York State Retirement System had granted Mr. Bourne the opportunity for retroactive membership dating back to his original date of employment of May 3, 1976, the offer to provide him with coinciding tier status was not extended. This bill would grant Mr. Bourne the opportunity to change his status in the New York State Retirement system from Tier III to Tier II, which he would have been entitled to in 1976.
Legislative history
2005-06: S.7725 2007-08: S.4052
Fiscal implications
This bill would grant Leonard Wayne Bourne Tier 2 status in the New York State and Local Employees' Retirement System by changing his date of membership to March 30, 1976. If this bill is enacted, we anticipate that there will be an increase of approximately $1,350 in the annual contributions of Suffolk County. In addition to annual contributions discussed above, there will be an immediate past service cost of approximately $106,000 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, 2010. This estimate, dated May 11, 2009 and intended for use only during the 2009 Legislative Session, is Fiscal Note No. 2000-245, prepared by the Actuary for the New York State & Local Employees' Retirement System.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.