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A8411Assembly2017-2018 SessionSame asS6730

Retroactive Pension for Maltese

Official title

“Grants retroactive membership in the New York state and local employees' retirement system to Joseph J. Maltese”

Sponsor Ron Castorina Jr.AD-62+5 co-sponsorsAffects Finance
Status
Vetoed
Impact
3/10
Low
Outcome
Vetoed

Bill progress

Vetoed

What's happening

This bill grants Joseph J. Maltese retroactive Tier 1 membership in the New York State and Local Employees' Retirement System.

Why it matters

  1. Allows Joseph J. Maltese to claim a much earlier retirement system membership date (February 2, 1970), making him eligible for Tier 1 retirement benefits, which are generally more generous than later tiers. This could serve as a precedent for others in similar situations, affecting future legislative requests.

  2. Specifies that the missed opportunity for earlier membership was due to no fault of Maltese’s own, highlighting the bill’s focus on remedying bureaucratic or administrative oversights rather than changing rules for all employees. This could reflect broader concerns about fairness in public employee retirement systems.

  3. Requires the New York State Unified Court System—not the retirement system or Maltese himself—to cover both the immediate one-time cost of $30,500 and an increased annual contribution (about $4,300 initially) for this change. This shifts the financial responsibility from the individual or the retirement fund to the employer, which might have budgetary implications for the court system.

  4. Explicitly states that no retirement contributions previously made by Maltese will be refunded, ensuring the adjustment only enhances benefits without returning funds, thus limiting the fiscal impact but also precluding a windfall. This could be important for public perception and for managing the precedent set by the bill.

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Who cares

Headline styles

Retroactive Pension for Maltese

Plain English, a few words. Used as the page title.

Sponsors

Primary sponsor
Ron Castorina Jr.

Assembly Member · Assembly District 62

History

  1. Tabled
  2. Vetoed memo.287
  3. Delivered to governor
  4. Returned to assembly
  5. Passed senateVote 60–0
  6. 3rd reading cal.2051
  7. Substituted for S6730B
  8. Referred to rules
  9. Delivered to senate
  10. Passed assembly
  11. Ordered to third reading rules cal.405
  12. Rules report cal.405
Show 9 earlier actions
  1. Reported
  2. Reported referred to rules
  3. Reported referred to ways and means
  4. Print number 8411b
  5. Amend and recommit to governmental employees
  6. Print number 8411a
  7. Amend and recommit to governmental employees
  8. Referred to governmental employees
  9. 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.

S6730Senate

Restore Retirement for Maltese

Senate Floor Calendar · Sponsor Andrew J. Lanza

Impact 2 · Minimal0% to pass

Full text

2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗

STATE OF NEW YORK

8411--B

2017-2018 Regular Sessions

IN ASSEMBLY

June 14, 2017

Introduced by M. of A. CASTORINA, CUSICK, TITONE, LENTOL, MALLIOTAKIS, LAWRENCE -- read once and referred to the Committee on Governmental Employees -- recommitted to the Committee on Governmental Employees in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- again reported from said committee with amendments, ordered reprinted as amended and recommitted to said committee

AN ACT granting retroactive membership in the New York state and local employees' retirement system to Joseph J. Maltese

The People of the State of New York, represented in Senate and Assembly, do enact as follows:

Section 1. Notwithstanding any other law to the contrary, Joseph J. Maltese, who was employed as a full-time employee with the New York city civil court from February 2, 1970 through September 4, 1970, and who was later employed as a full-time employee with the New York state office of the attorney general from June 7, 1971 through September 3, 1971, and who is currently a full-time employee of the New York state unified court system, and who is a Tier II member of the New York state and local employees' retirement system, and who through no fault of his own did not become a member of the New York city employees' retirement system on February 2, 1970 when first employed by the New York city civil court, and who through no fault of his own, did not become a member of the New York state and local employees' retirement system on July 7, 1971 when first employed by the New York state office of the attorney general shall be deemed to have a date of membership with the New York state and local employees' retirement system of February 2, 1970, if, within one year of the effective date of this act, he shall file an application therefore with the state comptroller. Upon the receipt of such application, Joseph J. Maltese shall be granted Tier I status in the New York state and local employees' retirement system and be eligible for all the rights and benefits thereof. No contributions

EXPLANATION--Matter in italics (underscored) is new; matter in brackets

[ ] is old law to be omitted.

LBD13100-07-8

A. 8411--B 2

made to the New York city employees' retirement system or the New York state and local employees' retirement system by Joseph J. Maltese, shall be returned or refunded to him pursuant to this act.

§ 2. Any past service costs associated with the implementation of this act shall be borne by the New York state unified court system.

§ 3. This act shall take effect immediately.

FISCAL NOTE.--Pursuant to Legislative Law, Section 50:

This bill will grant Tier 1 status to Joseph J. Maltese, a current

Tier 2 member employed by the New York State unified court system, by

changing his date of membership to February 2, 1970, his first date of

employment with the New York City civil court. There will be no refund

of member contributions.

If this legislation is enacted during the 2018 legislative session, we

anticipate that there will be an increase of approximately $4,300 in the

annual contributions of the New York State unified court system for the

fiscal year ending March 31, 2019. In future years, this cost will vary

as the billing rate and salary of Joseph Maltese change.

In addition to the annual contributions discussed above, there will be

an immediate past service cost of approximately $30,500 which will be

borne by the New York State unified court system as a one-time payment.

This estimate is based on the assumption that payment will be made on

March 1, 2019.

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, 2017 actuarial valu-

ation. Distributions and other statistics can be found in the 2017

Report of the Actuary and the 2017 Comprehensive Annual Financial

Report.

The actuarial assumptions and methods used are described in the 2015,

2016, and 2017 Annual Report to the Comptroller on Actuarial Assump-

tions, 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, 2017

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 June 14, 2018, and intended for use only during

the 2018 Legislative Session, is Fiscal Note No. 2018-125, 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.