Senate Bill S7407

2023-2024 Legislative Session

Authorizes Frank R. Smith to receive accidental performance of duty disability retirement benefits

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Civil Service And Pensions Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2023-S7407 (ACTIVE) - Details

See Assembly Version of this Bill:
A7734
Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement
Versions Introduced in 2023-2024 Legislative Session:
S7407, A7734

2023-S7407 (ACTIVE) - Summary

Authorizes Frank Smith, a New York city police detective, to receive accidental performance of duty disability retirement benefits for illness suffered as a result of exposure to disease during undercover assignments as a member of the police department of the city of New York.

2023-S7407 (ACTIVE) - Sponsor Memo

2023-S7407 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7407
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                               May 23, 2023
                                ___________
 
 Introduced  by  Sen.  LANZA  -- read twice and ordered printed, and when
   printed to be committed to the Committee on Civil Service and Pensions
 
 AN ACT to authorize Frank R. Smith to receive performance of duty  disa-
   bility retirement benefits
 
   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, Frank R. Smith,
 a retired member of the New York city police department, who joined  the
 New  York  city  employees  retirement  system  on June 30, 1992 and who
 applied for accidental performance of duty disability  retirement  bene-
 fits  based  upon illnesses suffered as a result of exposure to diseases
 during the course of undercover duties  performed  beginning  in  August
 2002,  and  who  has  had those benefits denied, shall be hereby awarded
 such benefits retroactively from his August 12, 2009 service retirement.
   § 2. The benefits and awards provided for under this act shall be paid
 for, and shared equally by, all  public  retirement  systems,  of  which
 Frank R. Smith was a member.
   § 3. This act shall take effect immediately.
   FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
   SUMMARY  OF  BILL: Police officer Frank R. Smith retired with an Ordi-
 nary Disability Retirement (ODR) from the New York City  Police  Pension
 Fund  (POLICE)  on  August  12,  2009.  This  proposed legislation would
 reclassify Mr. Smith's benefit  as  an  Accident  Disability  Retirement
 (ADR).  The ADR benefit would be payable prospectively and retroactively
 to Mr.  Smith's August 12, 2009 date of retirement.
   Effective Date: Upon enactment and retroactive to August 12, 2009.
   FINANCIAL IMPACT - PRESENT VALUES: Based on the actuarial  assumptions
 and methods described herein, the enactment of this proposed legislation
 would  increase  the  Present  Value  of  Future Benefits (PVFB) and the
 Unfunded Accrued Liability (UAL) by approximately  $1.2  million  as  of
 June 30, 2023.

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08767-02-3
              

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