senate Bill S6467

Amended

Relates to increasing certain special accidental death benefits

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Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 28 / Jan / 2014
    • REFERRED TO LOCAL GOVERNMENT
  • 24 / Mar / 2014
    • AMEND AND RECOMMIT TO LOCAL GOVERNMENT
  • 24 / Mar / 2014
    • PRINT NUMBER 6467A
  • 03 / Jun / 2014
    • REPORTED AND COMMITTED TO FINANCE
  • 10 / Jun / 2014
    • COMMITTEE DISCHARGED AND COMMITTED TO RULES
  • 10 / Jun / 2014
    • ORDERED TO THIRD READING CAL.1257
  • 11 / Jun / 2014
    • SUBSTITUTED BY A8484A

Summary

Increases certain special accidental death benefits paid to widows, widowers or the deceased member's children.

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Bill Details

Versions:
S6467
S6467A
Legislative Cycle:
2013-2014
Law Section:
General Municipal Law
Laws Affected:
Amd §208-f, Gen Muni L; amd §361-a, R & SS L
Versions Introduced in 2013-2014 Legislative Cycle:
A8484

Sponsor Memo

BILL NUMBER:S6467

TITLE OF BILL: An act to amend the general municipal law and the
retirement and social security law, in relation to increasing certain
special accidental death benefits

PURPOSE OR GENERAL IDEA OF BILL:

This legislation extends the escalation of a cost of living increase of
approximately 3% for all line-of-duty widows or widowers for fiscal year
2014-15.

SUMMARY OF PROVISIONS:

This bill amends subdivision c of section 208-f of the General Municipal
Law as amended by Chapter 196 of the Laws of 2013 and subdivision c of
section 361-a of the Retirement and Social Security Law, as amended by
Chapter 196 of the Laws of 2013.

JUSTIFICATION:

Since 1978, the Legislature has passed and the Governor signed into law
a cost of living increase and a one-year escalation for all New York
State widows and widowers of police officers and firefighters killed in
the line-of-duty. The intent of the original 1978 law was to increase
their benefits to an amount that would reflect the impact of inflation.
However, the law did not provide for any new cost of living increase
after July 1, 1979.

Since that date, the cost of living has increased well over 3% each
year, including some periods of double-digit inflation. These same
widows and widowers are no longer receiving adequate benefits. This
Legislation does not totally cover the Present inflation spiral, but it
at least provides some increased relief to the widows and widowers of
New York State's bravest citizens, who gave their lives in service to
the people of New York State. In the past, these brave families have
faced a poverty stricken existence. This legislation would prevent the
return of that deplorable state of affairs.

As with previous legislation, there is no cost to the localities, as the
state would reimburse them for this small increase.

PRIOR LEGISLATIVE HISTORY:

Chapter 305 2010 - A9914/S6879
Chapter 439 2011 - A6068/S3994
Chapter 161 2012 - A9116/S6438A
Chapter 285, 2013 Chapter 196

FISCAL IMPLICATIONS:

See Fiscal Note.

EFFECTIVE DATE:

This act shall take effect July 1, 2014.

view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6467

                            I N  S E N A T E

                            January 28, 2014
                               ___________

Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

AN ACT to amend the general municipal law and the retirement and  social
  security  law,  in  relation  to increasing certain special accidental
  death benefits

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Subdivision  c  of section 208-f of the general municipal
law, as amended by chapter 196 of the laws of 2013, is amended  to  read
as follows:
  c. Commencing July first, two thousand [thirteen] FOURTEEN the special
accidental  death  benefit  paid  to  a widow or widower or the deceased
member's children under the age of eighteen or, if a student, under  the
age  of  twenty-three,  if the widow or widower has died, shall be esca-
lated by adding thereto an additional percentage of the  salary  of  the
deceased member (as increased pursuant to subdivision b of this section)
in accordance with the following schedule:
     calendar year of death
     of the deceased member              per centum
          1977 or prior                    [189.8%] 198.5%
          1978                             [181.4%] 189.8%
          1979                             [173.2%] 181.4%
          1980                             [165.2%] 173.2%
          1981                             [157.5%] 165.2%
          1982                             [150.0%] 157.5%
          1983                             [142.7%] 150.0%
          1984                             [135.7%] 142.7%
          1985                             [128.8%] 135.7%
          1986                             [122.1%] 128.8%
          1987                             [115.7%] 122.1%
          1988                             [109.4%] 115.7%
          1989                             [103.3%] 109.4%
          1990                              [97.4%] 103.3%
          1991                              [91.6%] 97.4%

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13687-01-4

S. 6467                             2

          1992                              [86.0%] 91.6%
          1993                              [80.6%] 86.0%
          1994                              [75.4%] 80.6%
          1995                              [70.2%] 75.4%
          1996                              [65.3%] 70.2%
          1997                              [60.5%] 65.3%
          1998                              [55.8%] 60.5%
          1999                              [51.3%] 55.8%
          2000                              [46.9%] 51.3%
          2001                              [42.6%] 46.9%
          2002                              [38.4%] 42.6%
          2003                              [34.4%] 38.4%
          2004                              [30.5%] 34.4%
          2005                              [26.7%] 30.5%
          2006                              [23.0%] 26.7%
          2007                              [19.4%] 23.0%
          2008                              [15.9%] 19.4%
          2009                              [12.6%] 15.9%
          2010                               [9.3%] 12.6%
          2011                               [6.1%] 9.3%
          2012                               [3.0%] 6.1%
          2013                               [0.0%] 3.0%
          2014                               0.0%
  S 2. Subdivision c of section 361-a of the retirement and social secu-
rity  law,  as amended by chapter 196 of the laws of 2013, is amended to
read as follows:
  c. Commencing July first, two thousand [thirteen] FOURTEEN the special
accidental death benefit paid to a widow  or  widower  or  the  deceased
member's  children under the age of eighteen or, if a student, under the
age of twenty-three, if the widow or widower has died,  shall  be  esca-
lated  by  adding  thereto an additional percentage of the salary of the
deceased member, as increased pursuant to subdivision b of this section,
in accordance with the following schedule:
     calendar year of death
     of the deceased member              per centum
          1977 or prior                    [189.8%] 198.5%
          1978                             [181.4%] 189.8%
          1979                             [173.2%] 181.4%
          1980                             [165.2%] 173.2%
          1981                             [157.5%] 165.2%
          1982                             [150.0%] 157.5%
          1983                             [142.7%] 150.0%
          1984                             [135.7%] 142.7%
          1985                             [128.8%] 135.7%
          1986                             [122.1%] 128.8%
          1987                             [115.7%] 122.1%
          1988                             [109.4%] 115.7%
          1989                             [103.3%] 109.4%
          1990                              [97.4%] 103.3%
          1991                              [91.6%] 97.4%
          1992                              [86.0%] 91.6%
          1993                              [80.6%] 86.0%
          1994                              [75.4%] 80.6%
          1995                              [70.2%] 75.4%
          1996                              [65.3%] 70.2%
          1997                              [60.5%] 65.3%

S. 6467                             3

          1998                              [55.8%] 60.5%
          1999                              [51.3%] 55.8%
          2000                              [46.9%] 51.3%
          2001                              [42.6%] 46.9%
          2002                              [38.4%] 42.6%
          2003                              [34.4%] 38.4%
          2004                              [30.5%] 34.4%
          2005                              [26.7%] 30.5%
          2006                              [23.0%] 26.7%
          2007                              [19.4%] 23.0%
          2008                              [15.9%] 19.4%
          2009                              [12.6%] 15.9%
          2010                              [9.3%] 12.6%
          2011                              [6.1%] 9.3%
          2012                              [3.0%] 6.1%
          2013                              [0.0%] 3.0%
          2014                              0.0%
  S 3. This act shall take effect July 1, 2014.
  FISCAL NOTE--Pursuant to Legislative Law, Section 50:
  This  bill  would amend both the General Municipal Law and the Retire-
ment and Social Security Law to increase the salary used in the computa-
tion of the special accidental death benefit by 3% in  cases  where  the
date of death was before 2014.
  Insofar  as  this  bill would amend the Retirement and Social Security
Law, it is estimated that there would be an additional  annual  cost  of
approximately  $438,000  above  the  approximately  $9.7 million current
annual cost of this benefit. This cost would be shared by the  State  of
New York and all participating employers of the New York State and Local
Police and Fire 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, 2013  actuarial  valu-
ation.    Distributions  and  other  statistics can be found in the 2013
Report of the  Actuary  and  the  2013  Comprehensive  Annual  Financial
Report.
  The Market Assets and GASB Disclosures are found in the March 31, 2013
New  York  State  and  Local  Retirement System Financial Statements and
Supplementary Information.
  The actuarial assumptions and methods used are described in the  2010,
2011,  2012  and  2013  Annual  Report  to  the Comptroller on Actuarial
Assumptions, and the Codes Rules and Regulations of  the  State  of  New
York: Audit Control.
  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 13, 2014 and intended for the use only
during the  2014  Legislative  Session,  is  Fiscal  Note  No.  2014-55,
prepared by the Actuary for the New York State and Local Police and Fire
Retirement System.

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