What's happening
This bill allows Patricia Gill-Davanzo to be reclassified as a Tier IV member in the NY State and Local Employees' Retirement System, with associated costs to be paid by the North Babylon Union Free School District.
Why it matters
Addresses an administrative oversight. by allowing Patricia Gill-Davanzo to gain retirement benefits she would have received if she had been properly enrolled as a Tier IV member in 1993, rather than her current Tier V status.
Potentially increases retirement security and benefits. for Ms. Gill-Davanzo, as Tier IV membership generally offers more favorable pension terms (such as earlier retirement eligibility and lower employee contributions) compared to Tier V.
Shifts financial responsibility to the local employer. (North Babylon Union Free School District), requiring the district to pay both a one-time past service cost (about $17,800) and higher annual contributions to accommodate the change, which could have minor budgetary implications.
Sets a precedent for individualized legislative relief. , which could encourage similar requests from others in comparable situations, impacting how administrative errors in retirement system enrollment are addressed in the future.
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Allow Tier IV Retirement Status
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to governmental employees
- Reported referred to ways and means
- Referred to governmental employees
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.
Grant Tier IV to Employee
In Senate Committee · Civil Service And Pensions · Sponsor Phil Boyle
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
3658
2017-2018 Regular Sessions
IN ASSEMBLY
January 30, 2017
Introduced by M. of A. JEAN-PIERRE -- read once and referred to the Committee on Governmental Employees
AN ACT to authorize Patricia Gill-Davanzo Tier IV status in the New York state and local employees' retirement system
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Notwithstanding any other provision of law, Patricia Gill- Davanzo, a member of the New York State and Local Employees' Retirement System (NYSERS) with Tier V status, who was employed by the North Babylon Union Free School District on June 16, 1993 and who for reasons not ascribable to her own negligence was not offered membership in the New York State and Local Employees' Retirement System on June 16, 1993 as a Tier IV member, shall, upon application filed with the state comptroller on or before December 31, 2017, be reclassified as a Tier IV member with June 16, 1993 as her date of membership and shall be entitled to every right, benefit and privilege which would have been available to her in accordance with Tier IV status.
§ 2. No contributions made to the New York state and local employees' retirement system by Patricia Gill-Davanzo shall be returned or refunded to her pursuant to this act.
§ 3. All past service costs associated with the implementation of this act shall be borne by the North Babylon Union Free School District.
§ 4. This act shall take effect immediately.
FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
This bill will grant Tier 4 status in the New York State and Local
Employees' Retirement System to Patricia Gill-Davanzo, a current Tier 5
member employed by the North Babylon Union Free School District, by
changing her date of membership to June 16, 1993. There will be no
refund of member contributions.
If this legislation is enacted during the 2017 legislative session, we
anticipate that there will be an increase of approximately $1,700 in the
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05500-02-7
A. 3658 2
annual contributions of the North Babylon Union Free School District for
the fiscal year ending March 31, 2018. In future years, this cost will
vary as the billing rates and salary of Patricia Gill-Davanzo change.
In addition to the annual contributions discussed above, there will be
an immediate past service cost of approximately $17,800 which will be
borne by the North Babylon Union Free School District as one-time
payment. This estimate is based on the assumption that payment will be
made on February 1, 2018.
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, 2016 actuarial valu-
ation. Distributions and other statistics can be found in the 2016
Report of the Actuary and the 2016 Comprehensive Annual Financial
Report.
The actuarial assumptions and methods used are described in the 2015
and 2016 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, 2016
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 January 12, 2017 and intended for use only during
the 2017 Legislative Session, is Fiscal Note No. 2017-8, prepared by the
Actuary for the New York State and Local Retirement System.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.