Bill Text: NY A05067 | 2023-2024 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Provides accidental disability retirement benefits for deputy sheriff Richard Stueber, a participant in World Trade Center rescue, recovery, and cleanup operations.

Spectrum: Partisan Bill (Republican 10-0)

Status: (Introduced) 2024-03-12 - print number 5067a [A05067 Detail]

Download: New_York-2023-A05067-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          5067

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                      March 2, 2023
                                       ___________

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

        AN  ACT  relating  to  disability retirement benefits for deputy sheriff
          Richard Stueber, a participant in World Trade Center rescue, recovery,
          and cleanup operations

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

     1    Section  1.  Notwithstanding  any  other  law to the contrary, Richard
     2  Stueber, a deputy sheriff employed by Suffolk County  who  retired  from
     3  such  service  on March 1, 2019, and who participated in the World Trade
     4  Center rescue, recovery and cleanup operations as a member  of  the  New
     5  York City police department, shall be entitled to a 75% accidental disa-
     6  bility  retirement   benefit pursuant to paragraph 4 of subdivision d of
     7  section 605 of the retirement and social security  law  based  upon  the
     8  determination  by  the  New  York  state and local employees' retirement
     9  system on March 12, 2020 that Richard Stueber was permanently  incapaci-
    10  tated    for  the  performance  of his duties as a result of his partic-
    11  ipation in the World Trade Center rescue,  recovery,  or  cleanup  oper-
    12  ations. Such benefit shall be payable from the date of his retirement.
    13    § 2. All costs associated with implementing this act shall be borne by
    14  the state of New York.
    15    § 3. This act shall take effect immediately.
          FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
          This  bill  would  allow Richard Stueber, a service retiree of the New
        York State and Local Employees' Retirement System who previously  worked
        for  Suffolk  County, to be entitled to an accidental disability retire-
        ment benefit equal to 75% of final average salary, payable  pursuant  to
        §605(d)(4)  of  the  Retirement  and Social Security Law, as a result of
        their participation in the World Trade Center (WTC) rescue, recovery and
        cleanup operations. The retirement benefit  would  be  recalculated  and
        payment would be made retroactive to the date of retirement.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06751-02-3
        A. 5067                             2

          If  this  bill  is  enacted during the 2023 legislative session, there
        will be an immediate past service cost of approximately  $247,000  which
        will be borne by the State of New York as a one-time payment. This esti-
        mate assumes that payment will be made on March 1, 2024.
          Summary of relevant resources:
          Membership  data as of March 31, 2022 was used in measuring the impact
        of the proposed change, the same data used in the April 1, 2022 actuari-
        al valuation. Distributions and other statistics can  be  found  in  the
        2022  Report  of the Actuary and the 2022 Annual Comprehensive Financial
        Report.
          The actuarial assumptions and methods used are described in the  2020,
        2021,  and  2022  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, 2022
        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 judgment of an attorney.
          This estimate, dated February 15, 2023,  and  intended  for  use  only
        during  the  2023  Legislative  Session,  is  Fiscal  Note  No. 2023-45,
        prepared by the Actuary for the New  York  State  and  Local  Retirement
        System.