S 10078 NY

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Bill No.: Summary Actions Committee&nbspVotes Floor&nbspVotes Memo Text LFIN Chamber&nbspVideo/Transcript S10078 Summary: BILL NO S10078 &nbsp SAME AS SAME AS A10628

&nbsp SPONSOR HARCKHAM &nbsp COSPNSR &nbsp MLTSPNSR &nbsp

&nbsp Grants retroactive tier V membership in the New York state and local employees' retirement system to Marca McClenon.

Go to top S10078 Text:

STATE OF NEW YORK ________________________________________________________________________

10078

IN SENATE

April 27, 2026 ___________

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

AN ACT in relation to granting retroactive tier V membership in the New York state and local employees' retirement system to Marca McClenon

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 Marca McClenon, a tier VI member of the New York state and local employ- 3 ees' retirement system who was employed as a part-time employee with the 4 Yorktown library beginning on March 26, 2012 and who, through no fault 5 of her own, did not become a member of the New York state and local 6 employees' retirement system on March 26, 2012 when she became eligible 7 for membership in such system, shall be deemed to have a date of member- 8 ship with the New York state and local employees' retirement system of 9 March 26, 2012 if she shall file an application therefore with the state 10 comptroller within one year of the effective date of this act. Upon the 11 receipt of such application, Marca McClenon shall be granted tier V 12 status in the New York state and local employees' retirement system and 13 shall be eligible for all the rights and benefits thereof. 14 § 2. All past service costs of implementing the provisions of this act 15 shall be borne by the Yorktown library, and there shall be no refund of 16 member contributions to Marca McClenon. 17 § 3. This act shall take effect immediately. FISCAL NOTE.--Pursuant to Legislative Law, Section 50: This bill would grant Tier 5 status in the New York State and Local Employees' Retirement System to Marca McClenon, a current Tier 6 member employed by the town of Yorktown, by changing their date of membership to March 26, 2012. There will be no refund of member contributions. We estimate that town of Yorktown's annual contributions will increase $4,600 beginning FYE 2027. Annual costs will vary as the billing rates and salary of Marca McClenon change.

EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14600-04-6

S. 10078 2

In addition, there will be an immediate past service cost of $28,600 borne by the town of Yorktown 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 modified to better reflect specific provisions of any proposed benefit change(s). This fiscal note does not constitute a legal opinion on the viability of the bill, nor is it intended to serve as a substitute for the profes- sional judgment of an attorney. This estimate, dated March 10, 2026, and intended for use only during the 2026 Legislative Session, is Fiscal Note Number 2026-150. As Chief Actuary of the New York State and Local Retirement System (NYSLRS), I, Aaron Schottin Young, hereby certify that this analysis complies with applicable Actuarial Standards of Practice as well as the Code of Professional Conduct and Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion of the American Academy of Actuaries, of which I am a member. I am a member of NYSLRS but do not believe it impairs my objectivity.

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