New York A 7290: Grants retroactive tier IV membership in the New York state and local employees' retirement system to Karen Siegel

Bill Text

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A07290 Summary:

BILL NOA07290A

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SAME ASSAME AS S06861-A

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SPONSORCarroll P

&nbsp

COSPNSRWieder

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MLTSPNSR

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Grants retroactive tier IV membership in the New York state and local employees' retirement system to Karen Siegel.

Go to top A07290 Actions:

BILL NOA07290A

&nbsp

03/25/2025referred to governmental employees

01/07/2026referred to governmental employees

04/20/2026amend and recommit to governmental employees

04/20/2026print number 7290a

Go to topA07290 Committee&nbspVotes:

Go to topA07290 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA07290 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7290--A

 2025-2026 Regular Sessions

 IN ASSEMBLY

 March 25, 2025
 ___________

 Introduced by M. of A. P. CARROLL -- 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

 AN ACT in relation to granting retroactive tier IV membership in the New
 York state and local employees' retirement system to Karen Siegel

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

 1 Section 1. Notwithstanding any other provision of law to the contrary,
 2 Karen Siegel, a tier VI member of the New York state and local employ-
 3 ees' retirement system employed by the South Orangetown Central School
 4 District and who was previously employed as a full-time employee at High
 5 Tor State Park from June 28, 1992 through September 6, 1993 and who,
 6 through no fault of her own, did not become a member of the New York
 7 state and local employees' retirement system on June 28, 1992 when she
 8 became eligible for membership in such system, shall be deemed to have a
 9 date of membership with the New York state and local employees' retire-
 10 ment system of June 28, 1992 if she shall file an application therefor
 11 with the state comptroller within one year of the effective date of this
 12 act. Upon the receipt of such application, Karen Siegel shall be granted
 13 tier IV status in the New York state and local employees' retirement
 14 system and shall be eligible for all the rights and benefits thereof.
 15 § 2. All past service costs of implementing the provisions of this act
 16 shall be borne by South Orangetown Central School District, and there
 17 shall be no refund of member contributions to Karen Siegel.
 18 § 3. This act shall take effect immediately.
 FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
 This bill would grant Tier 4 status in the New York State and Local
 Employees' Retirement System (NYSLERS) to Karen Siegel, a current Tier 6
 member employed by the South Orangetown Central School District, by

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09190-03-6

 A. 7290--A 2

 changing their date of membership to June 28, 1992. There will be no
 refund of member contributions.
 We estimate that the South Orangetown Central School District's annual
 contributions will increase $6,400 beginning FYE 2027. Annual costs will
 vary as the billing rates and salary of Karen Siegel change.
 In addition, there will be an immediate past service cost of $35,300
 borne by the South Orangetown Central School District as a one-time
 payment. This cost assumes that payment will be made on February 1,
 2027.
 Summary of relevant resources:
 Membership data as of March 31, 2025 was used to measure the impact of
 the bill, the same data used in the Actuarial Valuations dated April 1,
 2025. Distributions and other statistics can be found in the 2025 Report
 of the Actuary and the 2025 Annual Comprehensive Financial Report. The
 actuarial assumptions and methods used are described in the 2025 Annual
 Report to the Comptroller on Actuarial Assumptions, and the Codes, Rules
 and Regulations of the State of New York: Audit and Control. The fair
 value of assets and GASB disclosures can be found in the 2025 Financial
 Statements and Supplementary Information.
 Assumptions, demographics, and other considerations may have been
 modif