Bill Text: NY A05462 | 2017-2018 | General Assembly | Introduced
Bill Title: Authorizes Janice Middlebrooks, the widow of William James Middlebrooks, to file a retirement option election on behalf of her deceased husband.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2018-01-03 - referred to governmental employees [A05462 Detail]
Download: New_York-2017-A05462-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 5462 2017-2018 Regular Sessions IN ASSEMBLY February 9, 2017 ___________ Introduced by M. of A. PEOPLES-STOKES, RODRIGUEZ -- read once and referred to the Committee on Governmental Employees AN ACT to authorize the widow of William James Middlebrooks to file a retirement option election form 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 Janice Middlebrooks, the widow of William James Middlebrooks who was 3 employed by the Albion Correctional Facility, was a member of the New 4 York state and local employees' retirement system, was diagnosed with 5 cancer in January of 2004, was advised on October 31, 2004 that he would 6 be unable to return to employment as the result of his malignancy and 7 the treatment therefor, and died on December 3, 2006 prior to filing a 8 retirement election form with the New York state and local employees' 9 retirement system, shall be authorized to file such option election form 10 on behalf of her deceased husband with a joint allowance full option, if 11 on or before December 31, 2018 she shall submit a request therefor to 12 the state comptroller. In addition, his application for disability 13 retirement shall be deemed to have become effective on November 1, 2004. 14 All retirement benefits payable pursuant to the provisions of this act 15 shall be paid to Janice Middlebrooks and shall be in addition to any 16 other death benefits paid. 17 § 2. This act shall take effect immediately. FISCAL NOTE.--This bill would authorize Janice Middlebrooks to file an ordinary disability application with a date of retirement of November 1, 2004 and an option election form with a joint allowance full option on behalf of her deceased husband William James Middlebrooks. Mr. Middle- brooks received a disability retirement which was paid beginning on 3/28/2005. Upon his death all payments ceased because no option election form was filed. By filing the disability application and an option election form, an additional benefit will be paid for the period 11/1/04 EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD00951-02-7A. 5462 2 - 3/28/05 and a benefit will continue to Janice Middlebrooks for her lifetime. If this bill is enacted, there will be an immediate past service cost of approximately $239,000 which will be shared by the State of New York and all the participating employers in the New York State and Local Employees' Retirement System. 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, 2016 actuarial valu- ation. Distributions and other statistics can be found in the 2016 Report of the Actuary and the 2016 Comprehensive Annual Financial Report. The actuarial assumptions and methods used are described in the 2015 and 2016 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, 2016 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 estimate, dated January 23, 2017, and intended for use only during the 2017 Legislative Session, is Fiscal Note No. 2017-42, prepared by the Actuary for the New York State and Local Retirement System.