Bill Text: NY S05273 | 2013-2014 | General Assembly | Introduced

---

Bill Title: Authorizes the payment of ordinary disability retirement benefits by the New York state teachers' retirement system to Christine M. Allen, the widow of Lawrence L. Allen, if she shall file an application for such benefits with the retirement board of such retirement system.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2014-01-08 - REFERRED TO CIVIL SERVICE AND PENSIONS [S05273 Detail]

Download: New_York-2013-S05273-Introduced.html

---

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5273
                              2013-2014 Regular Sessions
                                   I N  S E N A T E
                                     May 15, 2013
                                      ___________
       Introduced  by  Sen.  LITTLE -- read twice and ordered printed, and when
         printed to be committed to the Committee on Civil Service and Pensions
       AN ACT authorizing the payment of ordinary disability  retirement  bene-
         fits by the New York state teachers' retirement system to the widow of
         Lawrence L.  Allen
         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  Christine M. Allen, the widow of Lawrence L. Allen, who was a member  of
    3  the  New York state teachers' retirement system, who prior to his death,
    4  in the presence of a notary public, completed and mailed an  application
    5  for  an ordinary disability retirement and a retirement election form to
    6  the New York state teachers' retirement system, and who died before  the
    7  application  was  received  by  the  New York state teachers' retirement
    8  system, shall be authorized to re-file such application and election  on
    9  behalf  of  her  deceased husband, if on or before December 31, 2013 she
   10  shall file a request therefor with the retirement board of the New  York
   11  state  teachers'  retirement  system.   Such application for an ordinary
   12  disability retirement and retirement option election shall be deemed  to
   13  have become effective on March 18, 1999. All retirement benefits payable
   14  pursuant  to  the  provisions  of this act shall be paid to Christine M.
   15  Allen and shall be in lieu of any other death benefits payable.
   16    S 2. This act shall take effect immediately.
         FISCAL NOTE.--This bill would allow Christine M. Allen, the  widow  of
       Lawrence  L.  Allen who was a Tier 1 member of the New York State Teach-
       ers' Retirement System who had applied for a disability  retirement  and
       died before the application was received by the New York State Teachers'
       Retirement System, to re-file such application on behalf of her deceased
       husband.  She  must  file  a request with the head of the New York State
       Teachers' Retirement System on or before December 31, 2013. Such  appli-
       cation  for  disability retirement shall be deemed to have become effec-
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01196-02-3
       S. 5273                             2
       tive on March 18, 1999, and the death benefit payable would therefore be
       in accordance with the option election, and not the active member  death
       benefit.  The  benefit  payable  pursuant to the provisions of this bill
       shall  be  paid  to Christine M. Allen and be in lieu of any other death
       benefit.
         The cost for this benefit is equal to  the  increase  in  the  present
       value of benefits, which is estimated to be $260,000
         The  source  of this estimate is Fiscal Note 2013-37 dated May 9, 2013
       prepared by the Actuary of  the  New  York  State  Teachers'  Retirement
       System and is intended for use only during the 2013 Legislative Session.
       I,  Richard  A.  Young,  am the Actuary for the New York State Teachers'
       Retirement System. I am a member of the American  Academy  of  Actuaries
       and  I meet the Qualification Standards of the American Academy of Actu-
       aries to render the actuarial opinion contained herein.