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S7363Senate2015-2016 SessionSame asA3160

Relates to Tier IV retirement benefits for Luke Parga

Sponsor Fredrick J. Akshar IISD-52Affects Finance
Status
Senate Floor Calendar
Impact
Pending
Passage
Pending

Bill progress

Vetoed via A3160

What's happening

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Who cares

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Sponsors

Primary sponsor
Fredrick J. Akshar II

Senator · Senate District 52

No co-sponsors yet.

History

  1. Substituted by A3160A
  2. Ordered to third reading cal.1868
  3. Committee discharged and committed to rules
  4. Referred to civil service and pensions

Companion bill

The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.

A3160Assembly

Relates to Tier IV retirement benefits for Luke Parga

Vetoed · Sponsor Clifford Crouch

Vetoed

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

Title of bill

An act in relation to granting Luke Parga tier IV status in the New York state and local employees' retirement system with a membership date of 2006

Purpose

This bill would grant Luke Parga retroactive Tier IV membership in the New York state and local employees' retirement system.

Summary of provisions

Section 1. Notwithstanding any other law to the contrary, Luke Parga who is currently a tier V member of the New York state and local employees' retirement system and currently employed by the department of transportation, and who was employed by the state university of New York at Potsdam Police and Binghamton University in 2006, and who, for reasons not ascribable to his own negligence, failed to become a member of the New York state and local employees' retirement system in 2006, shall be deemed to have been a member of such retirement system on February 8, 2006, having tier IV status with every right, benefit and privilege which would have been available to him on such date if, on or before December 31 next succeeding the date on which this act shall have become a law, he shall file an application therefore with the state comptroller.

Section 2. All past service costs of implementing the provisions of this act shall be borne by the state of New York.

Section 3. No contributions made to the New York state and local employees' retirement system by Luke Parga shall be returned or refunded to him pursuant to this act.

Section 4. This act shall take effect immediately. Justification: Luke Parga currently works for NYS DOT but has requested to be a Tier IV member of the New York state and local employees' retirement system (as he is currently a Tier V member) since he failed to enroll (through no fault of his own) while employed at the state university of New York at Potsdam Police and Binghamton University in 2006. This legislation would authorize Luke Parga to become a Tier IV member on the date he first commenced such employment in 2006.

Legislative history

New bill.

Fiscal implications

This bill will grant Tier 4 status in the New York State and Local Employees' Retirement System to Luke F. Parga, a current Tier 5 member employed by the State of New York, by changing his date of membership to February 8, 2006. There will be no refund of member contributions.

If this legislation is enacted during the 2016 legislative session, we anticipate that there will be an increase of approximately $1,300 in the annual contributions of the State of New York for the fiscal year ending March 31, 2017. In future years, this cost will vary as the billing rates and salaries of Luke Parga change.

In addition to the annual contributions discussed above, there will be an immediate past service cost of approximately $8, 110 which will be borne by the State of New York as a one-time payment. This estimate is based on the assumption that payment will be made on March 1, 2017. EFFECTIVE DATE : This act shall take effect immediately.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.