S T A T E O F N E W Y O R K
________________________________________________________________________
S. 3278 A. 6847
2009-2010 Regular Sessions
S E N A T E - A S S E M B L Y
March 13, 2009
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IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
ed, and when printed to be committed to the Committee on Civil Service
and Pensions
IN ASSEMBLY -- Introduced by M. of A. THIELE -- read once and referred
to the Committee on Governmental Employees
AN ACT to provide for an increased death benefit for the survivors of a
deceased police officer
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The legislature finds and declares that the late Theodore
Raffel served the village of Southampton for nineteen years, three
hundred sixty-four days and fifteen and one-half hours as a police offi-
cer. At the time of officer Raffel's death, a situation which was not
due to negligence on the part of such individual, there had been paid
into the New York state and local police and fire retirement system on
his behalf contributions in the amount of approximately one hundred
seventy thousand dollars. Nevertheless, the amount of the death benefit
paid to officer Raffel's widow was less than one-half of that amount.
S 2. Notwithstanding any inconsistent provision of law, the New York
state and local police and fire retirement system is authorized and
directed to pay to the beneficiary of police officer Theodore Raffel,
who was employed by the village of Southampton as a police officer from
1966, until his death on June 1, 1986, the sum of all of the contrib-
utions paid by the village of Southampton to such system on behalf of
such police officer together with compound interest thereon at a rate
reflecting the return on investments earned by the funds held by such
system during the period when such contributions were held by such
system together with interest thereon from the date of death of such
officer, less any sums previously paid by such system to such benefici-
ary.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09723-02-9
S. 3278 2 A. 6847
S 3. This act shall take effect immediately.
FISCAL NOTE.--This bill would increase the death benefit paid to the
beneficiary of deceased police officer Theodore Raffel. The new death
benefit amount would be the sum, over all the years of Mr. Raffel's
employment with the Village of Southampton, of the products of his annu-
al salaries and the Village's applicable contribution rates, with inter-
est.
If this bill is enacted, the estimated cost of the increase in the
death benefit would be approximately $1.36 million. This cost would be
shared by the State of New York and all participating employers in the
New York State and Local Police and Fire Retirement System.
This estimate, dated March 12, 2009 and intended for use only during
the 2009 Legislative Session, is Fiscal Note No. 2009-178, prepared by
the Actuary for the New York State and Local Police and Fire Retirement
System.