New York S 8216: Authorizes certain police officers to receive certain service credit under section 384 of the retirement and social security law

Bill Text

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S08216 Summary:

BILL NOS08216 

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SAME ASNo Same As

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SPONSORCOONEY

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COSPNSR

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MLTSPNSR

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Grants retroactive tier II membership in the New York state and local police and fire retirement system to Daniel Rizzo.

Go to top S08216 Actions:

BILL NOS08216 

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05/21/2025REFERRED TO CIVIL SERVICE AND PENSIONS

01/07/2026REFERRED TO CIVIL SERVICE AND PENSIONS

Go to topS08216 Committee&nbspVotes:

Go to topS08216 Floor&nbspVotes:

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

Go to topS08216 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8216

 2025-2026 Regular Sessions

 IN SENATE

 May 21, 2025
 ___________

 Introduced by Sen. COONEY -- read twice and ordered printed, and when
 printed to be committed to the Committee on Civil Service and Pensions

 AN ACT granting retroactive tier II membership in the New York state and
 local police and fire retirement system to Daniel Rizzo

 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 Daniel Rizzo, who was employed with Monroe county sheriff's office and
 3 who is currently a member of the New York state and local police and
 4 fire retirement system, who through no fault of his own did not become a
 5 member of the New York state and local police and fire retirement system
 6 on October 19, 2009 when first employed by the Monroe county sheriff's
 7 office, shall be deemed to have been a member of the New York state and
 8 local police and fire retirement system on such date he commenced his
 9 employment and shall be granted Tier II status in the New York state
 10 police and fire retirement system, provided that an application is filed
 11 with the head of the New York state and local police and fire retirement
 12 system within one year from the effective date of this act. Upon the
 13 granting of such retroactive membership, Daniel Rizzo shall be granted a
 14 refund of any employee contribution made by him to the New York state
 15 and local police and fire retirement system which would not have been
 16 made had Tier II status been granted in the New York state and local
 17 police and fire retirement system on October 19, 2009.
 18 § 2. All past services costs associated with the implementation of
 19 this act shall be borne by the state.
 20 § 3. This act shall take effect immediately.
 FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
 This bill would provide Daniel Rizzo with a date of membership of
 October 19, 2009, their date of first employment with the Monroe County
 Sheriff's Office, resulting in Tier 2 status in the New York State and
 Local Police and Fire Retirement System. Daniel Rizzo is currently a

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11115-03-5

 S. 8216 2

 Tier 5 member employed by the City of Rochester. Member contributions
 will be refunded.
 If this bill is enacted during the 2025 Legislative Session, we antic-
 ipate that there will be an increase of approximately $9,100 in the
 annual contributions of the City of Rochester for the fiscal year ending
 March 31, 2026. In future years this cost will vary as the billing rates
 and salary of Daniel Rizzo change.
 In addition to the annual contributions discussed above, there will be
 an immediate past service cost of approximately $56,500 which will be
 borne by the State of New York as a one-time payment. This estimate
 assumes that payment will be made on March 1, 2026.
 Summary of relevant resources:
 Membership data as of March 31, 2024 was used in measuring the impact
 of the proposed change, the same data used in the April 1, 2024 actuari-
 al valuation. Distributions and other statistics can be found in the
 2024 Report of the Actuary and the 2024 Annual Comprehensive Financial
 Report. The actuarial assumptions and methods used are described in the
 2024 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, 2024 New York State and Local Retirement System Financial Statement