S T A T E O F N E W Y O R K
________________________________________________________________________
6857--A
2023-2024 Regular Sessions
I N S E N A T E
May 11, 2023
___________
Introduced by Sen. RHOADS -- read twice and ordered printed, and when
printed to be committed to the Committee on Civil Service and Pensions
-- recommitted to the Committee on Civil Service and Pensions in
accordance with Senate Rule 6, sec. 8 -- committee discharged, bill
amended, ordered reprinted as amended and recommitted to said commit-
tee
AN ACT in relation to authorizing the New York state and local employ-
ees' retirement system to accept an application for disability retire-
ment benefits from Andrew Reilly, Jr.
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Notwithstanding any other provision of law to the contrary,
the application for disability retirement benefits of Andrew Reilly,
Jr., who was employed as a clerk for the town of Hempstead Sanitation
District 1 and a member of the New York state and local employees'
retirement system from March 1995 until October 15, 2020, suffered a
stroke on February 20, 2020 and who, for reasons not ascribable to his
own negligence, did not apply to the New York state and local employees'
retirement system for disability retirement benefits because of the
COVID-19, novel coronavirus state of emergency, shall be deemed to have
applied to the New York state and local employees' retirement system for
disability retirement benefits within 30 days of his disability on
February 20, 2020.
§ 2. All costs associated with the implementation of this act shall be
borne by the employers of the members of the New York state and local
employees' retirement system.
§ 3. This act shall take effect immediately.
FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
This bill would deem Andrew Reilly Jr. to have applied to the New York
State and Local Employees' Retirement System (NYSLERS) for disability
benefits within thirty days of their disability on February 20, 2020.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10709-03-4
S. 6857--A 2
If this bill is enacted during the 2024 Legislative Session, and
Andrew Reilly Jr. is subsequently approved for disability benefits
pursuant to section 605 of the Retirement and Social Security Law, there
will be an immediate past service cost of approximately $331,000 which
will be borne by the State of New York and all local participating
employers in the NYSLERS. This estimate assumes that payment will be
made on February 1, 2025.
Summary of relevant resources:
Membership data as of March 31, 2023 was used in measuring the impact
of the proposed change, the same data used in the April 1, 2023 actuari-
al valuation. Distributions and other statistics can be found in the
2023 Report of the Actuary and the 2023 Annual Comprehensive Financial
Report.
The actuarial assumptions and methods used are described in the 2023
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, 2023
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 14, 2024, and intended for use only
during the 2024 Legislative Session, is Fiscal Note No. 2024-107,
prepared by the Actuary for the New York State and Local Retirement
System.
