S T A T E O F N E W Y O R K
________________________________________________________________________
6958--A
2017-2018 Regular Sessions
I N A S S E M B L Y
March 28, 2017
___________
Introduced by M. of A. WALTER, HAWLEY, WALLACE, DiPIETRO -- Multi-Spon-
sored by -- M. of A. SCHIMMINGER, WALKER -- read once and referred to
the Committee on Governmental Employees -- recommitted to the Commit-
tee on Governmental Employees in accordance with Assembly Rule 3, sec.
2 -- committee discharged, bill amended, ordered reprinted as amended
and recommitted to said committee
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 allowed to reapply for 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.
§ 2. All costs associated with the implementation of this act shall be
borne by the state.
§ 3. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD00172-06-8
A. 6958--A 2
Fiscal Note. -- Pursuant to Legislative Law, Section 50:
This bill will allow Lois J. Reid, a service retiree of the New York
State and Local Employees' Retirement System with a date of retirement
of March 1, 2003, to apply for a temporary ordinary disability retire-
ment benefit for the period from June 19, 1992 through March 1, 2003.
If this bill is enacted, and Lois J. Reid is granted a temporary disa-
bility benefit, 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. This estimate is based on the
assumption that payment will be made on March 1, 2019.
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, 2017 actuarial valu-
ation. Distributions and other statistics can be found in the 2017
Report of the Actuary and the 2017 Comprehensive Annual Financial
Report.
The actuarial assumptions and methods used are described in the 2015,
2016, and 2017 Annual Report to the Comptroller on Actuarial Assump-
tions, 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, 2017
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 March 23, 2018, and intended for use only during
the 2018 Legislative Session, is Fiscal Note No. 2018-81, prepared by
the Actuary for the New York State and Local Retirement System.