Assembly Bill A8815

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  8815--A
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             November 25, 2019
                                ___________
 
 Introduced by M. of A. THIELE -- read once and referred to the Committee
   on  Governmental  Employees -- recommitted to the Committee on Govern-
   mental Employees in accordance with Assembly Rule 3, sec. 2 -- commit-
   tee discharged, bill amended, ordered reprinted as amended and  recom-
   mitted to said committee

 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, 2021, he files a written request with the state
 comptroller to that effect.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD09673-04-0

 A. 8815--A                          2
 
   § 2. This act shall take effect immediately.
   FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
   This  bill will entitle Robert V. Vassallo, Sr., a service retiree who
 was formerly employed as a  police  officer  with  the  New  York  State
 Police,  to  file  an  application  to receive a state police disability
 benefit pursuant to section 363-b of the Retirement and Social  Security
 Law  from the New York State and Local Police and Fire Retirement System
 (PFRS) instead of his current service retirement benefit.
   If this bill is enacted during the  2020  legislative  session,  there
 will  be  no increase in the annual benefit paid by the PFRS. Therefore,
 there would be no cost to the PFRS.
   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, 2019 actuarial valu-
 ation.  Distributions and other statistics can  be  found  in  the  2019
 Report  of  the  Actuary  and  the  2019  Comprehensive Annual Financial
 Report.
   The actuarial assumptions and methods used are described in the  2015,
 2016, 2017, 2018, and 2019 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, 2019
 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  fiscal note does not constitute a legal opinion on the viability
 of the proposed change nor is it intended to serve as a  substitute  for
 the professional judgment of an attorney.
   This  estimate, dated March 18, 2020, and intended for use only during
 the 2020 Legislative Session, is Fiscal Note No. 2020-104,  prepared  by
 the Actuary for the New York State and Local Retirement System.