What's happening
This bill grants Brian Stebbins retroactive Tier IV pension membership to correct an administrative error.
Why it matters
Individual correction. Changes Stebbins’ membership date to August 1, 2003, moving him from Tier V to Tier IV with its rights and benefits. His application was delayed by an administrative error, not his negligence.
Application required. Stebbins must apply to the state comptroller by December 31, 2017. The bill would not refund any pension contributions he has made.
Public costs. Green Island would bear past service costs, estimated at $11,000. The fiscal note also estimates approximately $2,000 in additional state contributions for the fiscal year ending March 31, 2018.
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Who cares
Brian Stebbins
He would receive Tier IV pension status based on his original membership application date.
Village of Green Island
The village would pay the past service costs associated with the change.
State comptroller
The comptroller would receive the application required for Stebbins to obtain retroactive membership.
State of New York
As Stebbins’ current employer, the state would face increased annual pension contributions.
Headline styles
Grant Stebbins Retroactive Pension Membership
Plain English, a few words. Used as the page title.
Sponsors
Assembly Member · Assembly District 108
No co-sponsors yet.
History
- Substituted by S6449
- Ordered to third reading rules cal.514
- Rules report cal.514
- Reported
- Reported referred to rules
- 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.
Restore Retirement Tier for Stebbins
Vetoed · Sponsor Neil D. Breslin
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
7918
2017-2018 Regular Sessions
IN ASSEMBLY
May 19, 2017
Introduced by M. of A. McDONALD -- read once and referred to the Committee on Governmental Employees
AN ACT granting retroactive Tier IV membership in the New York state and local employees' retirement system to Brian Stebbins
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, Brian Stebbins, a member of the New York state and local employees' retirement system, who was employed on August 1, 2003, by the village of Green Island, and who filed a membership application in such system on August 1, 2003, which should have given him Tier IV status but for reasons not ascribable to his own negligence and due to an administrative error, the application was not processed in the usual manner and therefore not processed until March 15, 2012, may be deemed to have become a member of the New York state and local employees' retirement system on August 1, 2003, if on or before December 31, 2017 he shall file an application therefor with the state comptroller. Upon the receipt of such application, Brian Stebbins shall be granted Tier IV status in the New York state and local employees' retirement system and be eligible for all the rights and benefits thereof. No contributions made to the New York state and local employees' retirement system by Brian Stebbins shall be returned to him pursuant to this act.
§ 2. Any past service costs incurred in implementing the provisions of this act shall be borne by the village of Green Island.
§ 3. This act shall take effect immediately.
FISCAL NOTE.--This bill will grant Tier 4 status in the New York State
and Local Employees' Retirement System to Brian M. Stebbins, a current
Tier 5 member employed by the State of New York, by changing his date of
membership to August 1, 2003, the first date he was employed by the
Village of Green Island.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD11757-02-7
A. 7918 2
If this legislation is enacted during the 2017 legislative session, we
anticipate that there will be an increase of approximately $2,000 in the
annual contributions of the State of New York for the fiscal year ending
March 31, 2018. In future years, this cost will vary as the billing
rates and salary of Brian M. Stebbins change.
In addition to the annual contributions discussed above, there will be
an immediate past service cost of approximately $11,000 which will be
borne by the Village of Green Island as a one-time payment. This esti-
mate 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 May 16, 2017, and intended for use only during
the 2017 Legislative Session, is Fiscal Note No. 2017-100, 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.