Grant Extra Retirement Credit

Section 1. Notwithstanding any other provision of law, Sean O'Brien, currently a detective with the St. Lawrence County Sheriff's Office and member of the New York state and local employees' retirement system covered by section 552 of the retirement and social security law, who for the period beginning January 16, 2003 and ending on May 23, 2003, was employed as a police officer by the Village of Massena and enrolled in the Basic Course for Police Officers at the State University of New York College of Technology at Canton, and who, for reasons not ascribable to his own negligence, was not granted service credit for his period of training, shall be granted such service credit under section 552 of the retirement and social security law, if on or before the thirty-first of December next succeeding the effective date of this act, he shall file a written request to that effect with the state comptroller.

§ 2. All past service costs incurred in implementing the provisions of this act shall be borne by the village of Massena.

§ 3. This act shall take effect immediately.

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

This bill will allow detective Sean O'Brien to receive service credit

in the New York State and Local Employees' Retirement System (ERS) for

unpaid police officer training for the Village of Massena during the

period January 16, 2003 through May 23, 2003. Detective O'Brien is

currently a Tier 4 ERS member employed by the St. Lawrence County Sher-

iff's Office and covered by the provisions of Section 552 of the Retire-

ment and Social Security Law. Under current law, salary must be paid for

rendered service to be credited. Further, credit for paid police cadet

service is available for purchase under certain New York State and Local

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

[ ] is old law to be omitted.

LBD13885-02-7

S. 7165 2

Police and Fire Retirement System (PFRS) plans only (and no ERS plans)

and must be paid by the member.

If this bill is enacted, there is no change in anticipated future

annual costs as the member continues to be covered by Section 552. There

will be an immediate past service cost of $12,900 to be borne by the

Village of Massena as a one-time payment. This cost assumes a payment

date of February 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 December 15, 2017, and intended for use only

during the 2018 Legislative Session, is Fiscal Note No. 2018-22,

prepared by the Actuary for the New York State and Local Retirement

System.