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A7414Assembly2019-2020 SessionSame asS1577

Add Adam Markel to Pension

Official title

“Grants membership in the New York state and local employees' retirement system to Adam Markel”

Sponsor Sean RyanAD-149Affects Finance
Status
Assembly Floor Calendar
Impact
2/10
Minimal
Passage
0%

Bill progress

Vetoed via S1577

What's happening

This bill grants retroactive retirement system membership and service credit to Adam Markel for his prior employment at SUNY Buffalo.

Why it matters

  1. Sets a precedent for individual retroactive retirement adjustments. By granting Adam Markel retroactive retirement system membership and service credit, the bill shows how legislative action can be used to correct administrative or procedural oversights in public employee benefits for individuals, which may raise questions about fairness and broader applicability.

  2. Transfers financial responsibility to the employer, not the retirement system. The past service cost (about $11,900) for crediting these additional years is to be paid by SUNY Buffalo, not the retirement system or the individual, meaning the burden falls on the employing institution rather than the wider pool or taxpayer base.

  3. Potentially enhances retirement benefits and tier status. By moving Adam Markel into a more advantageous retirement tier (Tier 2 instead of Tier 5), the bill could significantly improve his pension benefits, including earlier retirement eligibility and better payout terms—showing the real-world impact of tier status in public retirement systems.

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Who cares

Headline styles

Add Adam Markel to Pension

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

Sponsors

Primary sponsor
Sean Ryan

Assembly Member · Assembly District 149

No co-sponsors yet.

History

  1. Substituted by S1577
  2. Ordered to third reading rules cal.600
  3. Rules report cal.600
  4. Reported
  5. Reported referred to rules
  6. Reference changed to ways and means
  7. 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.

S1577Senate

Grant Retroactive Pension Membership

Vetoed · Sponsor Patrick M. Gallivan

Impact 2 · MinimalVetoed

Full text

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

STATE OF NEW YORK

7414

2019-2020 Regular Sessions

IN ASSEMBLY

May 1, 2019

Introduced by M. of A. RYAN -- read once and referred to the Committee on Governmental Employees

AN ACT granting retroactive membership in the New York state and local employees' retirement system to Adam Markel

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, Adam Markel, who was employed as a part-time employee with the state university of New York at Buffalo with a start date of September 5, 2006 until April 14, 2009, and who is currently a member of the New York state and local police and fire retirement system, who through no fault of his own did not become a member of the New York state and local employees' retirement system on September 5, 2006 when first employed by the state university at Buffalo shall be deemed to have been a member of the New York state and local employees' retirement system on such date and such service credit shall be transferred to the New York state and local police and fire retirement system, provided that an application is filed with the head of the New York state and local police and fire retirement system within one year from the effective date of this act.

§ 2. No contributions made to the New York state and local police and fire retirement system by Adam Markel shall be returned or refunded to him pursuant to this act.

§ 3. All past service costs associated with the implementation of this act shall be borne by the state university of New York at Buffalo.

§ 4. This act shall take effect immediately.

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

This bill will grant Tier 2 status in the New York State and Local

Police and Fire Retirement System to Adam Markel, a current Tier 5

member employed by the City of Buffalo, by changing his date of member-

ship to September 5, 2006, his first date of employment with the State

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

[ ] is old law to be omitted.

LBD02966-02-9

A. 7414 2

University of New York at Buffalo. There will be no refund of member

contributions.

If this bill is enacted during the 2019 legislative session, we antic-

ipate that there will be an increase of approximately $3,800 in the

annual contributions of the City of Buffalo for the fiscal year ending

March 31, 2020. In future years, this cost will vary as the billing

rates and salary of Adam Markel change.

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

an immediate past service cost of approximately $11,900 which will be

borne by the State University of New York at Buffalo as a one-time

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

made on March 1, 2020.

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, 2018 actuarial valu-

ation. Distributions and other statistics can be found in the 2018

Report of the Actuary and the 2018 Comprehensive Annual Financial

Report.

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

2016, 2017 and 2018 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, 2018

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 fiscal note does not constitute a legal opinion on the viability

of the proposed change nor is it intended to serve as a substitute for

the professional judgement of an attorney.

This estimate, dated January 8, 2019, and intended for use only during

the 2019 Legislative Session, is Fiscal Note No. 2019-7, 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.