S T A T E   O F   N E W   Y O R K
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                                  7464

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                              May 21, 2013
                               ___________

Introduced  by  M. of A. STEC -- read once and referred to the Committee
  on Governmental Employees

AN ACT authorizing the payment of ordinary disability  retirement  bene-
  fits by the New York state teachers' retirement system to the widow of
  Lawrence L.  Allen

  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,
Christine M. Allen, the widow of Lawrence L. Allen, who was a member  of
the  New York state teachers' retirement system, who prior to his death,
in the presence of a notary public, completed and mailed an  application
for  an ordinary disability retirement and a retirement election form to
the New York state teachers' retirement system, and who died before  the
application  was  received  by  the  New York state teachers' retirement
system, shall be authorized to re-file such application and election  on
behalf  of  her  deceased husband, if on or before December 31, 2013 she
shall file a request therefor with the retirement board of the New  York
state  teachers'  retirement  system.   Such application for an ordinary
disability retirement and retirement option election shall be deemed  to
have become effective on March 18, 1999. All retirement benefits payable
pursuant  to  the  provisions  of this act shall be paid to Christine M.
Allen and shall be in lieu of any other death benefits payable.
  S 2. This act shall take effect immediately.
  FISCAL NOTE.--This bill would allow Christine M. Allen, the  widow  of
Lawrence  L.  Allen who was a Tier 1 member of the New York State Teach-
ers' Retirement System who had applied for a disability  retirement  and
died before the application was received by the New York State Teachers'
Retirement System, to re-file such application on behalf of her deceased
husband.  She  must  file  a request with the head of the New York State
Teachers' Retirement System on or before December 31, 2013. Such  appli-
cation  for  disability retirement shall be deemed to have become effec-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01196-02-3
              

A. 7464                             2

tive on March 18, 1999, and the death benefit payable would therefore be
in accordance with the option election, and not the active member  death
benefit.  The  benefit  payable  pursuant to the provisions of this bill
shall  be  paid  to Christine M. Allen and be in lieu of any other death
benefit.
  The cost for this benefit is equal to  the  increase  in  the  present
value of benefits, which is estimated to be $260,000
  The  source  of this estimate is Fiscal Note 2013-37 dated May 9, 2013
prepared by the Actuary of  the  New  York  State  Teachers'  Retirement
System and is intended for use only during the 2013 Legislative Session.
I,  Richard  A.  Young,  am the Actuary for the New York State Teachers'
Retirement System. I am a member of the American  Academy  of  Actuaries
and  I meet the Qualification Standards of the American Academy of Actu-
aries to render the actuarial opinion contained herein.