S T A T E O F N E W Y O R K
2013-2014 Regular Sessions
I N S E N A T E
January 30, 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 to authorize the payment of ordinary disability benefits by the
New York state and local employees' retirement system to the widow of
Ronald M. Premo
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,
Cindy L. Premo, the widow of Ronald M. Premo who was employed by the
department of law, was a member of the New York state and local employ-
ees' retirement system, was diagnosed and hospitalized with cancer in
January of 2002, was advised on February 14, 2002 that he would be
unable to return to employment as the result of his malignancy and the
treatment therefor, and died on February 18, 2002 prior to filing an
application for an ordinary disability retirement and a retirement
election form with the New York state and local employees' retirement
system, shall be authorized to file such application and election on
behalf of her deceased husband, if on or before December 31, 2014 she
shall submit a request therefor to the state comptroller. Such applica-
tion for an ordinary disability retirement and retirement option
election shall be deemed to have become effective on February 5, 2002.
All retirement benefits payable pursuant to the provisions of this act
shall be paid to Cindy L. Premo and shall be in lieu of any other death
S 2. This act shall take effect immediately.
FISCAL NOTE.--This bill would deem Ronald M. Premo, who died in active
service prior to filing an application for an ordinary disability
retirement, to have filed such application on February 5, 2002. The
benefits payable pursuant to this act shall be in lieu of any other
death benefits payable.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
S. 3113 2
If this bill is enacted, there will be a cost of approximately
$162,000 which would be shared by the State of New York and all the
participating employers in the New York State and Local Employees'
Summary of relevant resources:
Data: March 31, 2012 Actuarial Year End File with distributions of
membership and other statistics displayed in the 2012 Report of the
Actuary and 2012 Comprehensive Annual Financial Report.
Assumptions and Methods: 2010, 2011 and 2012 Annual Report to the
Comptroller on Actuarial Assumptions, Codes Rules and Regulations of the
State of New York: Audit and Control.
Market Assets and GASB Disclosures: March 31, 2012 New York State and
Local Retirement System Financial Statements and Supplementary Informa-
Valuations of Benefit Liabilities and Actuarial Assets: summarized in
the 2012 Actuarial Valuations report.
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 25, 2013 and intended for use only during
the 2013 Legislative Session, is Fiscal Note No. 2013-50, prepared by
the Actuary for the New York State and Local Employees' Retirement