Assembly Bill A10005

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

                                  10005

                          I N  A S S E M B L Y

                              June 6, 2014
                               ___________

Introduced  by  COMMITTEE ON RULES -- (at request of M. of A. Thiele) --
  read once and referred to the Committee on Governmental Employees

AN ACT in relation to entitling Robert V. Vassallo, Sr. to reapply for a
  disability retirement from the New York state police

  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, Robert V.
Vassallo, Sr., who was employed as a correction officer with the depart-
ment of correctional services for the state of New York for approximate-
ly one year beginning in 1968, and who  was  employed  as  a  correction
officer  with  the department of correction for the city of New York for
approximately one year until September 10, 1970, and who was employed as
a police officer with the New York state parkway police for  the  period
beginning  September  10,  1970  and ending January 1, 1980, and who was
employed as a trooper with the New York  state  police  for  the  period
beginning January 1, 1980 and ending March 1, 1990, and who was employed
as  an investigator in the bureau of criminal investigation with the New
York state police for the period beginning  March  1,  1990  and  ending
September 13, 1997, and who, on January 14, 1991, was critically injured
in an automobile accident while working undercover in an unmarked police
car,  and,  as  a  result  of  such critical injuries has been unable to
return to work with the New York state police, and who, for reasons  not
ascribable  to  his own negligence, has been denied a disability retire-
ment from the New York state police, and who, as of the  effective  date
of  this  act,  is  on  regular service retirement, shall be entitled to
reapply for a disability retirement from the New York state police if on
or before December 31, 2014, he files a written request with  the  state
comptroller to that effect.
  S 2. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
  This  bill  will entitle Robert V. Vassallo, a retired for service New
York State Police Officer, to file an application to receive a disabili-
ty benefit from the New York State and Local Police and Fire  Retirement
System instead of his current service retirement benefit.

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

                                                           LBD15403-02-4

A. 10005                            2

  If this bill is enacted, there will be no increase in the annual bene-
fit. Therefore, there would be no cost to the 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  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 and Control.
  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.
  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 June 5, 2014 and intended for use only during the
2014  Legislative  Session, is Fiscal Note No. 2014-146, prepared by the
Actuary for the New York State and  Local  Police  and  Fire  Retirement
System.