S T A T E O F N E W Y O R K
________________________________________________________________________
9416
I N A S S E M B L Y
April 29, 2014
___________
Introduced by M. of A. WALTER -- read once and referred to the Committee
on Governmental Employees
AN ACT to authorize Lois J. Reid to apply for ordinary disability
retirement benefits from the New York state and local employees'
retirement system
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, Lois J. Reid,
who was employed by the Erie County Youth Board on March 6, 1970, and
who was employed by the New York state department of social services on
May 16, 1985, was a member of the New York state and local employees'
retirement system for approximately 17.5 years, was diagnosed with
chronic fatigue syndrome in 1990, which is a symptom of mitochondrial
disease, of which was diagnosed on March 1, 2011, and which was only
recently identified by the medical community, was declared to be totally
and permanently disabled by the New York state department of social
services in 1990, and who was declared to be totally and permanently
disabled by the United States social security administration in the
early 1990s, and who was denied ordinary disability retirement benefits,
shall be entitled to collect ordinary disability retirement benefits
from the New York state and local employees' retirement system covering
the period from June 19, 1992 through March 1, 2003 if, within one year
of the effective date of this act, she shall file a written request to
that effect with the state comptroller. All retirement benefits payable
pursuant to the provisions of this act shall be paid to Lois J. Reid.
S 2. All costs associated with the implementation of this act shall be
borne by the state.
S 3. This act shall take effect immediately.
FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
This bill will grant temporary ordinary disability retirement benefits
to Lois J. Reid, a retiree of the New York State and Local Employees'
Retirement System with a date of retirement of March 1, 2003, for the
period from June 19, 1992 through March 1, 2003.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04711-05-4
A. 9416 2
If this bill is enacted, we anticipate that there will be an immediate
past service cost of approximately $127,000. This cost will be borne by
the State of New York as a one-time payment.
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 October 29, 2013 and intended for use only during
the 2014 Legislative Session, is Fiscal Note No. 2014-26, prepared by
the Actuary for the New York State and Local Employees' Retirement
System.