senate Bill S4252

Signed By Governor
2015-2016 Legislative Session

Relates to residential qualifications for service on the examining board of plumbers in the city of Middletown

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Sponsored By

Current Bill Status Via A5619 - Signed by Governor


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

Actions

view actions (10)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Nov 20, 2015 signed chap.434
Nov 10, 2015 delivered to governor
Jun 15, 2015 returned to assembly
passed senate
substituted for s4252
Jun 15, 2015 substituted by a5619
Apr 27, 2015 advanced to third reading
Apr 23, 2015 2nd report cal.
Apr 22, 2015 1st report cal.418
Mar 11, 2015 referred to cities

S4252 - Bill Details

See Assembly Version of this Bill:
A5619
Law Section:
General City Law
Laws Affected:
Amd §43, Gen City L
Versions Introduced in 2015-2016 Legislative Session:
A5619

S4252 - Bill Texts

view summary

Relates to residential qualifications for service on the examining board of plumbers in the city of Middletown.

view sponsor memo
BILL NUMBER:S4252

TITLE OF BILL: An act to amend the general city law, in relation to
residential qualifications for service on the examining board of
plumbers in the city of Middletown

PURPOSE: To expand the geographical residency requirement for
appointees to the Examining Board of Plumbers for the City of
Middletown.

SUMMARY OF PROVISIONS:

Section 1:Amends section 43 of the General City Law to allow
appointees to the Examining Board of Plumbers for the City of
Middletown to reside within Orange County, or a 25 mile radius of the
city, so long as they live in New York State.

Section 2:Effective date.

JUSTIFICATION: This bill has been requested by the City of Middletown
as the residency requirement for the Examining Board of Plumbers has
hindered the City's ability to find qualified individuals to sit on
the Board. Current law provides exemptions for the cities of Niagara
Falls, Corning, Rochester and Watertown.

LEGISLATIVE HISTORY: New bill

FISCAL IMPLICATIONS: None

EFFECTIVE DATE: This act shall take effect on the first of January
next succeeding the date on which it shall have become a law.

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

                                  4252

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                             March 11, 2015
                               ___________

Introduced  by  Sen. BONACIC -- read twice and ordered printed, and when
  printed to be committed to the Committee on Cities

AN ACT to amend the general city law, in relation to residential  quali-
  fications  for  service on the examining board of plumbers in the city
  of Middletown

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section 43 of the general city law, as amended by chapter
520 of the laws of 2003, is amended to read as follows:
  S 43. Qualifications. All members of such board shall be citizens  and
actual  residents  of  the cities in which they are appointed, except in
the city of Niagara Falls where such members shall be citizens and actu-
al residents of the county wherein the city is  situated,  THE  CITY  OF
MIDDLETOWN  WHERE SUCH MEMBERS SHALL EITHER BE CITIZENS AND ACTUAL RESI-
DENTS OF THE COUNTY WHEREIN THE CITY IS SITUATED OR  ANYWHERE  WITHIN  A
TWENTY-FIVE  MILE  RADIUS  OF SUCH CITY WITHIN THIS STATE, and except in
the city of Corning where such members  shall  be  citizens  and  actual
residents  of  the county wherein the city is situated or in an abutting
or adjacent county, and except in  the  city  of  Rochester  where  such
members shall be citizens and actual residents of the county wherein the
city is situated, and except in the city of Watertown where such members
shall be citizens and actual residents of the county wherein the city is
situated.  Provided  however, in any city with a population of less than
twenty-five thousand, or in any city which has  less  than  four  master
plumbers, such members may be residents of the county or counties where-
in the city is situated.
  S  2. This act shall take effect on the first of January next succeed-
ing the date on which it shall have become a law.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09293-01-5

senate Bill S4081A

Signed By Governor
2015-2016 Legislative Session

Increases certain special accidental death benefits

download bill text pdf

Sponsored By

Current Bill Status Via A5057 - Signed by Governor


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

Actions

view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 30, 2015 signed chap.23
delivered to governor
Jun 15, 2015 returned to assembly
passed senate
substituted for s4081a
Jun 15, 2015 substituted by a5057a
May 06, 2015 amended on third reading 4081a
Apr 23, 2015 advanced to third reading
Apr 22, 2015 2nd report cal.
Apr 21, 2015 1st report cal.325
Feb 26, 2015 referred to local government

Bill Amendments

S4081
S4081A
S4081
S4081A

S4081 - Bill Details

See Assembly Version of this Bill:
A5057A
Law Section:
General Municipal Law
Laws Affected:
Amd §208-f, Gen Muni L; amd §361-a, R & SS L

S4081 - Bill Texts

view summary

Increases certain special accidental death benefits paid to widows, widowers or the deceased member's children.

view sponsor memo
BILL NUMBER:S4081

TITLE OF BILL:

An act to amend the general municipal law and the retirement and social
security law, in relation to increasing certain special accidental death
benefits

PURPOSE OR GENERAL IDEA OF BILL:

This legislation extends the escalation of a cost of living increase of
approximately 3% for all line-of-duty widows or widowers for fiscal year
2015-16.

SUMMARY OF PROVISIONS:

This bill amends subdivision c of section 208-f of the General Municipal
Law as amended by Chapter 104 of the Laws of 2013 and subdivision c of
section 361-a of the Retirement and Social Security Law, as amended by
Chapter 104 of the Laws of 2014.

JUSTIFICATION:

Since 1978, the Legislature has passed and the Governor signed into law
a cost of living increase and a one-year escalation for all New York
State widows and widowers of police officers and firefighters killed in
the line-of-duty. The intent of the original 1978 law was to increase
their benefits to an amount that would reflect the impact of inflation.
However, the law did not provide for any new cost of living increase
after July 1, 1979.

Since that date, the cost of living has increased well over 3% each
year, including some periods of double-digit inflation. These same
widows and widowers are no longer receiving adequate benefits. This
Legislation does not totally cover the present inflation spiral, but it
at least provides some increased relief to the widows and widowers of
New York State's bravest citizens, who gave their lives in service to
the people of New York State. In the past, these brave families have
faced a poverty stricken existence. This legislation would prevent the
return of that deplorable state of affairs.

As with previous legislation, there is no cost to the localities, as the
state would reimburse them for this small increase.

PRIOR LEGISLATIVE HISTORY:

2006 -- A10334/S6744 Chapter 88
2007 - A5658/2492 Chapter 39
2008 - A9666/S6733 Chapter 76
2009 - A4905/S2343 Chapter 305
2010 - A9914/S6879 Chapter 439
2011 - A6068/S3994 Chapter 161

2012 - A9116/S6438A Chapter 285
2013 - A5576-B/S4257-B Chapter 196
2014 - A8484-A/S6467-A Chapter 104

FISCAL IMPLICATIONS:

See Fiscal Notes

EFFECTIVE DATE:

This act shall take effect July 1, 2015.

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

                                  4081

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 26, 2015
                               ___________

Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

AN ACT to amend the general municipal law and the retirement and  social
  security  law,  in  relation  to increasing certain special accidental
  death benefits

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Subdivision  c  of section 208-f of the general municipal
law, as amended by chapter 104 of the laws of 2014, is amended  to  read
as follows:
  c.  Commencing July first, two thousand [fourteen] FIFTEEN the special
accidental death benefit paid to a widow  or  widower  or  the  deceased
member's  children under the age of eighteen or, if a student, under the
age of twenty-three, if the widow or widower has died,  shall  be  esca-
lated  by  adding  thereto an additional percentage of the salary of the
deceased member (as increased pursuant to subdivision b of this section)
in accordance with the following schedule:
     calendar year of death
     of the deceased member              per centum
          1977 or prior                  [198.5%] 207.5%
          1978                           [189.8%] 198.5%
          1979                           [181.4%] 189.8%
          1980                           [173.2%] 181.4%
          1981                           [165.2%] 173.2%
          1982                           [157.5%] 165.2%
          1983                           [150.0%] 157.5%
          1984                           [142.7%] 150.0%
          1985                           [135.7%] 142.7%
          1986                           [128.8%] 135.7%
          1987                           [122.1%] 128.8%
          1988                           [115.7%] 122.1%

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07688-02-5

S. 4081                             2

          1989                           [109.4%] 115.7%
          1990                           [103.3%] 109.4%
          1991                            [97.4%] 103.3%
          1992                            [91.6%] 97.4%
          1993                            [86.0%] 91.6%
          1994                            [80.6%] 86.0%
          1995                            [75.4%] 80.6%
          1996                            [70.2%] 75.4%
          1997                            [65.3%] 70.2%
          1998                            [60.5%] 65.3%
          1999                            [55.8%] 60.5%
          2000                            [51.3%] 55.8%
          2001                            [46.9%] 51.3%
          2002                            [42.6%] 46.9%
          2003                            [38.4%] 42.6%
          2004                            [34.4%] 38.4%
          2005                            [30.5%] 34.4%
          2006                            [26.7%] 30.5%
          2007                            [23.0%] 26.7%
          2008                            [19.4%] 23.0%
          2009                            [15.9%] 19.4%
          2010                            [12.6%] 15.9%
          2011                             [9.3%] 12.6%
          2012                             [6.1%] 9.3%
          2013                             [3.0%] 6.1%
          2014                             [0.0%] 3.0%
          2015                             0.0%
  S 2. Subdivision c of section 361-a of the retirement and social secu-
rity  law,  as amended by chapter 104 of the laws of 2014, is amended to
read as follows:
  c. Commencing July first, two thousand [fourteen] FIFTEEN the  special
accidental  death  benefit  paid  to  a widow or widower or the deceased
member's children under the age of eighteen or, if a student, under  the
age  of  twenty-three,  if the widow or widower has died, shall be esca-
lated by adding thereto an additional percentage of the  salary  of  the
deceased member, as increased pursuant to subdivision b of this section,
in accordance with the following schedule:
     calendar year of death
     of the deceased member              per centum
          1977 or prior                    [198.5%] 207.5%
          1978                             [189.8%] 198.5%
          1979                             [181.4%] 189.8%
          1980                             [173.2%] 181.4%
          1981                             [165.2%] 173.2%
          1982                             [157.5%] 165.2%
          1983                             [150.0%] 157.5%
          1984                             [142.7%] 150.0%
          1985                             [135.7%] 142.7%
          1986                             [128.8%] 135.7%
          1987                             [122.1%] 128.8%
          1988                             [115.7%] 122.1%
          1989                             [109.4%] 115.7%
          1990                             [103.3%] 109.4%
          1991                              [97.4%] 103.3%
          1992                              [91.6%] 97.4%
          1993                              [86.0%] 91.6%

S. 4081                             3

          1994                              [80.6%] 86.0%
          1995                              [75.4%] 80.6%
          1996                              [70.2%] 75.4%
          1997                              [65.3%] 70.2%
          1998                              [60.5%] 65.3%
          1999                              [55.8%] 60.5%
          2000                              [51.3%] 55.8%
          2001                              [46.9%] 51.3%
          2002                              [42.6%] 46.9%
          2003                              [38.4%] 42.6%
          2004                              [34.4%] 38.4%
          2005                              [30.5%] 34.4%
          2006                              [26.7%] 30.5%
          2007                              [23.0%] 26.7%
          2008                              [19.4%] 23.0%
          2009                              [15.9%] 19.4%
          2010                              [12.6%] 15.9%
          2011                               [9.3%] 12.6%
          2012                               [6.1%] 9.3%
          2013                               [3.0%] 6.1%
          2014                               [0.0%] 3.0%
          2015                               0.0%
  S 3. This act shall take effect July 1, 2015.
  FISCAL NOTE -- Pursuant to Legislative Law, Section 50:
  This  bill  would amend both the General Municipal Law and the Retire-
ment and Social Security Law to increase the salary used in the computa-
tion of the special accidental death benefit by 3% in  cases  where  the
date of death was before 2015.
  Insofar  as  this  bill would amend the Retirement and Social Security
Law, it is estimated that there would be an additional  annual  cost  of
approximately  $451,000  above  the  approximately $10.2 million current
annual cost of this benefit. This cost would be shared by the  State  of
New York and all participating employers of the New York State and Local
Police and Fire Retirement System.
  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, 2014  actuarial  valu-
ation.    Distributions  and  other  statistics can be found in the 2014
Report of the  Actuary  and  the  2014  Comprehensive  Annual  Financial
Report.
  The  actuarial assumptions and methods used are described in the 2010,
2011, 2012, 2013 and 2014 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, 2014
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 January 15, 2015 and intended for use only during
the  2015  Legislative  Session, is Fiscal Note No. 2015-35, prepared by
the Actuary for the New York State and Local Police and Fire  Retirement
System.

S4081A - Bill Details

See Assembly Version of this Bill:
A5057A
Law Section:
General Municipal Law
Laws Affected:
Amd §208-f, Gen Muni L; amd §361-a, R & SS L

S4081A - Bill Texts

view summary

Increases certain special accidental death benefits paid to widows, widowers or the deceased member's children.

view sponsor memo
BILL NUMBER:S4081A

TITLE OF BILL: An act to amend the general municipal law and the
retirement and social security law, in relation to increasing certain
special accidental death benefits

PURPOSE OR GENERAL IDEA OF BILL: This legislation extends the
escalation of a cost of living increase of approximately 3% for all
line-of-duty widows or widowers for fiscal year 2015-16.

SUMMARY OF PROVISIONS: This bill amends subdivision c of section
208-f of the General Municipal Law as amended by Chapter 104 of the
Laws of 2013 and subdivision c of section 361-a of the Retirement and
Social Security Law, as amended by Chapter 104 of the Laws of 2014.

JUSTIFICATION: Since 1978, the Legislature has passed and the
Governor signed into law a cost of living increase and a one-year
escalation for all New York State widows and widowers of police
officers and firefighters killed in the line-of-duty. The intent of
the original 1978 law was to increase their benefits to an amount that
would reflect the impact of inflation. However, the law did not
provide for any new cost of living increase after July 1, 1979.

Since that date, the cost of living has increased well over 3% each
year, including some periods of double-digit inflation. These same
widows and widowers are no longer receiving adequate benefits. This
Legislation does not totally cover the present inflation spiral, but
it at least provides some increased relief to the widows and widowers
of New York State's bravest citizens, who gave their lives in service
to the people of New York State. In the past, these brave families
have faced a poverty stricken existence. This legislation would
prevent the return of that deplorable state of affairs.

As with previous legislation, there is no cost to the localities, as
the state would reimburse them for this small increase.

PRIOR LEGISLATIVE HISTORY:

1996-- S.6360/A.9326 Chapter 1997-- S.4243/A.7546 Chapter 174 1998--
S.630/A.9487-A Chapter 31 1999-- S.3158-B/A.5942-B Chapter 132 2000--
A.9895/S.6866-A Chapter 231 2001-- A.6606A/S.3297A Chapter 264 2002--
A.11090/S.7263 Chapter 313 2003-- A.5435/S.3903 Chapter 139 2004--
A.10193-C/S.6579-C Chapter 351 2005-- A.5217/S.3971-C Chapter 48
2006-- A10334/S6744 Chapter 88 2007 - A5658/2492 Chapter 39 2008 -
A9666/S6733 Chapter 76 2009 - A4905/S2343 Chapter 305 2010 -
A9914/S6879 Chapter 439 2011 - A6068/S3994 Chapter 161 2012 -
A9116/S6438A Chapter 285 2013 - A5576-B/S4257-B Chapter 196 2014 -
A8484-A/S6467-A Chapter 104

FISCAL IMPLICATIONS: See Fiscal Notes

EFFECTIVE DATE: This act shall take effect July 1, 2015.

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

                                 4081--A
    Cal. No. 325

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 26, 2015
                               ___________

Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
  printed to be committed  to  the  Committee  on  Local  Government  --
  reported  favorably  from  said committee, ordered to first and second
  report, ordered to a third reading,  amended  and  ordered  reprinted,
  retaining its place in the order of third reading

AN  ACT to amend the general municipal law and the retirement and social
  security law, in relation to  increasing  certain  special  accidental
  death benefits

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision c of section 208-f  of  the  general  municipal
law,  as  amended by chapter 104 of the laws of 2014, is amended to read
as follows:
  c. Commencing July first, two thousand [fourteen] FIFTEEN the  special
accidental  death  benefit  paid  to  a widow or widower or the deceased
member's children under the age of eighteen or, if a student, under  the
age  of  twenty-three,  if the widow or widower has died, shall be esca-
lated by adding thereto an additional percentage of the  salary  of  the
deceased member (as increased pursuant to subdivision b of this section)
in accordance with the following schedule:
     calendar year of death
     of the deceased member              per centum
          1977 or prior                  [198.5%] 207.5%
          1978                           [189.8%] 198.5%
          1979                           [181.4%] 189.8%
          1980                           [173.2%] 181.4%
          1981                           [165.2%] 173.2%
          1982                           [157.5%] 165.2%
          1983                           [150.0%] 157.5%
          1984                           [142.7%] 150.0%
          1985                           [135.7%] 142.7%

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07688-04-5

S. 4081--A                          2

          1986                           [128.8%] 135.7%
          1987                           [122.1%] 128.8%
          1988                           [115.7%] 122.1%
          1989                           [109.4%] 115.7%
          1990                           [103.3%] 109.4%
          1991                            [97.4%] 103.3%
          1992                            [91.6%] 97.4%
          1993                            [86.0%] 91.6%
          1994                            [80.6%] 86.0%
          1995                            [75.4%] 80.6%
          1996                            [70.2%] 75.4%
          1997                            [65.3%] 70.2%
          1998                            [60.5%] 65.3%
          1999                            [55.8%] 60.5%
          2000                            [51.3%] 55.8%
          2001                            [46.9%] 51.3%
          2002                            [42.6%] 46.9%
          2003                            [38.4%] 42.6%
          2004                            [34.4%] 38.4%
          2005                            [30.5%] 34.4%
          2006                            [26.7%] 30.5%
          2007                            [23.0%] 26.7%
          2008                            [19.4%] 23.0%
          2009                            [15.9%] 19.4%
          2010                            [12.6%] 15.9%
          2011                             [9.3%] 12.6%
          2012                             [6.1%] 9.3%
          2013                             [3.0%] 6.1%
          2014                             [0.0%] 3.0%
          2015                             0.0%
  S 2. Subdivision c of section 361-a of the retirement and social secu-
rity  law,  as amended by chapter 104 of the laws of 2014, is amended to
read as follows:
  c. Commencing July first, two thousand [fourteen] FIFTEEN the  special
accidental  death  benefit  paid  to  a widow or widower or the deceased
member's children under the age of eighteen or, if a student, under  the
age  of  twenty-three,  if the widow or widower has died, shall be esca-
lated by adding thereto an additional percentage of the  salary  of  the
deceased member, as increased pursuant to subdivision b of this section,
in accordance with the following schedule:
     calendar year of death
     of the deceased member              per centum
          1977 or prior                    [198.5%] 207.5%
          1978                             [189.8%] 198.5%
          1979                             [181.4%] 189.8%
          1980                             [173.2%] 181.4%
          1981                             [165.2%] 173.2%
          1982                             [157.5%] 165.2%
          1983                             [150.0%] 157.5%
          1984                             [142.7%] 150.0%
          1985                             [135.7%] 142.7%
          1986                             [128.8%] 135.7%
          1987                             [122.1%] 128.8%
          1988                             [115.7%] 122.1%
          1989                             [109.4%] 115.7%
          1990                             [103.3%] 109.4%

S. 4081--A                          3

          1991                              [97.4%] 103.3%
          1992                              [91.6%] 97.4%
          1993                              [86.0%] 91.6%
          1994                              [80.6%] 86.0%
          1995                              [75.4%] 80.6%
          1996                              [70.2%] 75.4%
          1997                              [65.3%] 70.2%
          1998                              [60.5%] 65.3%
          1999                              [55.8%] 60.5%
          2000                              [51.3%] 55.8%
          2001                              [46.9%] 51.3%
          2002                              [42.6%] 46.9%
          2003                              [38.4%] 42.6%
          2004                              [34.4%] 38.4%
          2005                              [30.5%] 34.4%
          2006                              [26.7%] 30.5%
          2007                              [23.0%] 26.7%
          2008                              [19.4%] 23.0%
          2009                              [15.9%] 19.4%
          2010                              [12.6%] 15.9%
          2011                               [9.3%] 12.6%
          2012                               [6.1%] 9.3%
          2013                               [3.0%] 6.1%
          2014                               [0.0%] 3.0%
          2015                               0.0%
  S 3. This act shall take effect July 1, 2015.
  FISCAL NOTE -- Pursuant to Legislative Law, Section 50:
  This  bill  would amend both the General Municipal Law and the Retire-
ment and Social Security Law to increase the salary used in the computa-
tion of the special accidental death benefit by 3% in  cases  where  the
date of death was before 2015.
  Insofar  as  this  bill would amend the Retirement and Social Security
Law, it is estimated that there would be an additional  annual  cost  of
approximately  $451,000  above  the  approximately $10.2 million current
annual cost of this benefit. This cost would be shared by the  State  of
New York and all participating employers of the New York State and Local
Police and Fire Retirement System.
  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, 2014  actuarial  valu-
ation.    Distributions  and  other  statistics can be found in the 2014
Report of the  Actuary  and  the  2014  Comprehensive  Annual  Financial
Report.
  The  actuarial assumptions and methods used are described in the 2010,
2011, 2012, 2013 and 2014 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, 2014
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 January 15, 2015 and intended for use only during
the  2015  Legislative  Session, is Fiscal Note No. 2015-35, prepared by
the Actuary for the New York State and Local Police and Fire  Retirement
System.

S. 4081--A                          4

  FISCAL NOTE -- Pursuant to Legislative Law, Section 50:
  PROVISIONS  OF  PROPOSED  LEGISLATION  - OVERVIEW: With respect to the
City of New York (the "City"), this  proposed  legislation  would  amend
General  Municipal  Law  ("GML")  Section  208-f.c  to  increase certain
Special   Accidental   Death   Benefits   ("SADB")   for    line-of-duty
widows/widowers   and/or   children  and/or  certain  other  individuals
("Eligible Beneficiaries") of former uniformed employees of the City and
the New York City Health  and  Hospitals  Corporation  and  for  certain
former  employees of the Triborough Bridge and Tunnel Authority who were
members of certain New York City Retirement Systems ("NYCRS").
  The Effective Date of the proposed legislation would be July 1, 2015.
  IMPACT ON BENEFITS - SADB RECIPIENTS: With respect to the  NYCRS,  the
proposed  legislation would impact the SADB payable to certain survivors
of members of the:
  * New York City Employees' Retirement System ("NYCERS"), or
  * New York City Police Pension Fund ("POLICE"), or
  * New York Fire Department Pension Fund ("FIRE"), and
  who were employed by one of the following employers in  certain  posi-
tions:
  * New York City Police Department - Uniformed Position,
  * New York City Fire Department - Uniformed Position,
  * New York City Housing Authority - Uniformed Position,
  * New York City Transit Authority - Uniformed Position,
  * New York City Department of Correction - Uniformed Position,
  *  New  York City - Uniformed Position as Emergency Medical Technician
("EMT"),
  * New York City Health and Hospitals Corporation - Uniformed  Position
as EMT, or
  * Triborough Bridge and Tunnel Authority - Bridge and Tunnel Position.
  DESCRIPTION  OF  BENEFITS  PAYABLE:  Under  the GML, the basic SADB is
defined to equal:
  The salary of the deceased member at date of  death  (or,  in  certain
instances, a greater salary based on rank or other status) ("Final Sala-
ry"), less:
  * Any death benefit as adjusted by any Supplementation or Cost-of-Liv-
ing Adjustment ("COLA") paid by the NYCRS to the member's survivors,
  * Any death benefit paid by Social Security to the member's survivors,
and
  * Any Worker's Compensation benefit paid to the member's survivors.
  The  SADB is paid to the deceased member's surviving widow or widower,
if alive. If the widow/widower is no longer alive, then the SADB is paid
to the deceased member's children until age eighteen or while  attending
school until age twenty-three. If neither a widow/widower nor a child is
alive,  then the SADB may be paid to certain other individuals if eligi-
ble in accordance with certain laws related to the  World  Trade  Center
("WTC") attack.
  The  GML also provides that the SADB is subject to escalation based on
the calendar year of death of the member. Each year since Calendar  Year
1977  the  SADB  has  been increased by an additional cumulative, incre-
mental percentage of Final Salary. For example,  for  a  covered  member
deceased in Calendar Year 1979, the SADB cumulative percentage is 181.4%
of Final Salary as of July 1, 2014.
  Under the proposed legislation, the additional, incremental percentage
of Final Salary to be effective July 1, 2015 would be 3.0%.
  FINANCIAL  IMPACT  -  EMPLOYER PAYMENTS: With respect to the NYCRS, as
these SADB are provided on a pay-as-you-go basis, the additional  annual

S. 4081--A                          5

employer  payments  expected  to  be  paid during the first year, if the
proposed legislation is enacted, would equal approximately $2.8 million.
  NOTE: These additional payments represent an increase of approximately
4.5% in the estimated SADB payments during the first year.
  The  SADB  payments  are  made  by the NYCRS who are reimbursed by the
City.
  NOTE: Historically, the State of New York (the "State") reimbursed the
City for most GML Section 208.f payments. However, it is the understand-
ing of the Actuary that since 2009 the State has limited its  reimburse-
ment  to  a  fixed amount. Should this amount not be increased, then the
additional cost of this proposed legislation would be borne entirely  by
the City of New York.
  FINANCIAL IMPACT - ACTUARIAL PRESENT VALUES OF BENEFITS ("APVB"): With
respect  to  the  Eligible  Beneficiaries  of deceased NYCRS members who
would be impacted by this  proposed  legislation,  under  the  actuarial
assumptions  used in the June 30, 2014 (Lag) actuarial valuations of the
NYCRS, including an Actuarial Interest Rate ("AIR") assumption  of  7.0%
per  annum,  the  enactment  of this proposed legislation would increase
APVB by approximately $31.7 million as of June 30, 2015.
  Based on the same demographic actuarial assumptions but  with  an  AIR
assumption of 4.0% per annum, the enactment of this proposed legislation
would increase APVB by approximately $42.7 million as of June 30, 2015.
  OTHER  COSTS: The enactment of this proposed legislation would also be
expected to result in modest increases  in  administrative  expenses  of
NYCERS, POLICE, FIRE, the employers and certain New York City agencies.
  CENSUS DATA: The financial impact of the proposed legislation is based
upon  the  census  data  for such Eligible Beneficiaries provided by the
NYCRS and adjusted, as necessary, to prepare the  computations  and  for
consistency with other data.
  The  following  table  shows,  by  Retirement  System,  the  number of
deceased members with eligible survivors as reported by  the  NYCRS  and
the  estimated  annual  SADB  rate  prior to the increase proposed to be
effective as of July 1, 2015.

                                 Table 1
                SADB Census Data as Reported by the NYCRS
                              ($ Millions)

Retirement       Number of Deceased          Annual SADB
System           Members with                Rate Prior
                 Eligible Survivors          to Proposed
                                             July 1, 2015
                                             Increase

NYCERS            30                          $1.7
POLICE           324                          19.1
FIRE             613                          41.1
Total            967                         $61.9

  ACTUARIAL ASSUMPTIONS AND METHODS: Additional APVB have been  computed
based  on  the  actuarial assumptions and methods in effect for the June
30, 2014 (Lag) actuarial valuations of NYCERS, POLICE and FIRE  used  to
determine  the  Preliminary  Fiscal  Year  2016  employer contributions,
including an AIR  assumption  of  7.0%  per  annum  (net  of  Investment
Expenses).

S. 4081--A                          6

  The  demographic  actuarial  assumptions  were adopted by the Board of
Trustees of each NYCRS during Fiscal Year 2012 and  the  AIR  assumption
was  enacted by the New York State Legislature and Governor as Chapter 3
of the Laws of 2013 ("Chapter 3/13").
  Additional  APVB  have  also been developed using an AIR assumption of
4.0% per annum that could be more consistent with the potential cost  of
debt  issued  by  the  State of New York or the City of New York under a
long-term Consumer Price Inflation ("CPI") assumption of 2.5% per year.
  ECONOMIC VALUE OF BENEFITS: The actuarial assumptions used in the June
30, 2014 (Lag) actuarial valuations of the  NYCRS  are  appropriate  for
budgetary  models  and  for determining annual employer contributions to
the NYCRS.
  However,  these  actuarial  assumptions  used  to  determine  employer
contributions do not develop risk-adjusted, economic values of benefits.
In  the  current  economic  environment  of  low  U.S. Treasury security
yields, such risk-adjusted, economic values of benefits could be signif-
icantly greater than the APVB developed herein.
  STATEMENT OF ACTUARIAL OPINION: I, Robert C. North, Jr., am the Acting
Chief Actuary for the New York City Retirement Systems. I am a Fellow of
the Society of Actuaries and a Member of the American Academy of Actuar-
ies. I meet the Qualification Standards of the American Academy of Actu-
aries to render the actuarial opinion contained herein.
  FISCAL NOTE IDENTIFICATION: This estimate is  intended  for  use  only
during  the  2015  Legislative Session. It is Fiscal Note 2015-23, dated
April 30, 2015, prepared by the Acting Chief Actuary for  the  New  York
City Employees' Retirement System, the New York City Police Pension Fund
and the New York Fire Department Pension Fund.

senate Bill S4081

Signed By Governor
2015-2016 Legislative Session

Increases certain special accidental death benefits

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Sponsored By

Current Bill Status Via A5057 - Signed by Governor


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

Actions

view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 30, 2015 signed chap.23
delivered to governor
Jun 15, 2015 returned to assembly
passed senate
substituted for s4081a
Jun 15, 2015 substituted by a5057a
May 06, 2015 amended on third reading 4081a
Apr 23, 2015 advanced to third reading
Apr 22, 2015 2nd report cal.
Apr 21, 2015 1st report cal.325
Feb 26, 2015 referred to local government

Bill Amendments

S4081
S4081A
S4081
S4081A

S4081 - Bill Details

Law Section:
General Municipal Law
Laws Affected:
Amd §208-f, Gen Muni L; amd §361-a, R & SS L

S4081 - Bill Texts

view summary

Increases certain special accidental death benefits paid to widows, widowers or the deceased member's children.

view sponsor memo
BILL NUMBER:S4081

TITLE OF BILL:

An act to amend the general municipal law and the retirement and social
security law, in relation to increasing certain special accidental death
benefits

PURPOSE OR GENERAL IDEA OF BILL:

This legislation extends the escalation of a cost of living increase of
approximately 3% for all line-of-duty widows or widowers for fiscal year
2015-16.

SUMMARY OF PROVISIONS:

This bill amends subdivision c of section 208-f of the General Municipal
Law as amended by Chapter 104 of the Laws of 2013 and subdivision c of
section 361-a of the Retirement and Social Security Law, as amended by
Chapter 104 of the Laws of 2014.

JUSTIFICATION:

Since 1978, the Legislature has passed and the Governor signed into law
a cost of living increase and a one-year escalation for all New York
State widows and widowers of police officers and firefighters killed in
the line-of-duty. The intent of the original 1978 law was to increase
their benefits to an amount that would reflect the impact of inflation.
However, the law did not provide for any new cost of living increase
after July 1, 1979.

Since that date, the cost of living has increased well over 3% each
year, including some periods of double-digit inflation. These same
widows and widowers are no longer receiving adequate benefits. This
Legislation does not totally cover the present inflation spiral, but it
at least provides some increased relief to the widows and widowers of
New York State's bravest citizens, who gave their lives in service to
the people of New York State. In the past, these brave families have
faced a poverty stricken existence. This legislation would prevent the
return of that deplorable state of affairs.

As with previous legislation, there is no cost to the localities, as the
state would reimburse them for this small increase.

PRIOR LEGISLATIVE HISTORY:

2006 -- A10334/S6744 Chapter 88
2007 - A5658/2492 Chapter 39
2008 - A9666/S6733 Chapter 76
2009 - A4905/S2343 Chapter 305
2010 - A9914/S6879 Chapter 439
2011 - A6068/S3994 Chapter 161

2012 - A9116/S6438A Chapter 285
2013 - A5576-B/S4257-B Chapter 196
2014 - A8484-A/S6467-A Chapter 104

FISCAL IMPLICATIONS:

See Fiscal Notes

EFFECTIVE DATE:

This act shall take effect July 1, 2015.

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

                                  4081

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 26, 2015
                               ___________

Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

AN ACT to amend the general municipal law and the retirement and  social
  security  law,  in  relation  to increasing certain special accidental
  death benefits

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Subdivision  c  of section 208-f of the general municipal
law, as amended by chapter 104 of the laws of 2014, is amended  to  read
as follows:
  c.  Commencing July first, two thousand [fourteen] FIFTEEN the special
accidental death benefit paid to a widow  or  widower  or  the  deceased
member's  children under the age of eighteen or, if a student, under the
age of twenty-three, if the widow or widower has died,  shall  be  esca-
lated  by  adding  thereto an additional percentage of the salary of the
deceased member (as increased pursuant to subdivision b of this section)
in accordance with the following schedule:
     calendar year of death
     of the deceased member              per centum
          1977 or prior                  [198.5%] 207.5%
          1978                           [189.8%] 198.5%
          1979                           [181.4%] 189.8%
          1980                           [173.2%] 181.4%
          1981                           [165.2%] 173.2%
          1982                           [157.5%] 165.2%
          1983                           [150.0%] 157.5%
          1984                           [142.7%] 150.0%
          1985                           [135.7%] 142.7%
          1986                           [128.8%] 135.7%
          1987                           [122.1%] 128.8%
          1988                           [115.7%] 122.1%

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07688-02-5

S. 4081                             2

          1989                           [109.4%] 115.7%
          1990                           [103.3%] 109.4%
          1991                            [97.4%] 103.3%
          1992                            [91.6%] 97.4%
          1993                            [86.0%] 91.6%
          1994                            [80.6%] 86.0%
          1995                            [75.4%] 80.6%
          1996                            [70.2%] 75.4%
          1997                            [65.3%] 70.2%
          1998                            [60.5%] 65.3%
          1999                            [55.8%] 60.5%
          2000                            [51.3%] 55.8%
          2001                            [46.9%] 51.3%
          2002                            [42.6%] 46.9%
          2003                            [38.4%] 42.6%
          2004                            [34.4%] 38.4%
          2005                            [30.5%] 34.4%
          2006                            [26.7%] 30.5%
          2007                            [23.0%] 26.7%
          2008                            [19.4%] 23.0%
          2009                            [15.9%] 19.4%
          2010                            [12.6%] 15.9%
          2011                             [9.3%] 12.6%
          2012                             [6.1%] 9.3%
          2013                             [3.0%] 6.1%
          2014                             [0.0%] 3.0%
          2015                             0.0%
  S 2. Subdivision c of section 361-a of the retirement and social secu-
rity  law,  as amended by chapter 104 of the laws of 2014, is amended to
read as follows:
  c. Commencing July first, two thousand [fourteen] FIFTEEN the  special
accidental  death  benefit  paid  to  a widow or widower or the deceased
member's children under the age of eighteen or, if a student, under  the
age  of  twenty-three,  if the widow or widower has died, shall be esca-
lated by adding thereto an additional percentage of the  salary  of  the
deceased member, as increased pursuant to subdivision b of this section,
in accordance with the following schedule:
     calendar year of death
     of the deceased member              per centum
          1977 or prior                    [198.5%] 207.5%
          1978                             [189.8%] 198.5%
          1979                             [181.4%] 189.8%
          1980                             [173.2%] 181.4%
          1981                             [165.2%] 173.2%
          1982                             [157.5%] 165.2%
          1983                             [150.0%] 157.5%
          1984                             [142.7%] 150.0%
          1985                             [135.7%] 142.7%
          1986                             [128.8%] 135.7%
          1987                             [122.1%] 128.8%
          1988                             [115.7%] 122.1%
          1989                             [109.4%] 115.7%
          1990                             [103.3%] 109.4%
          1991                              [97.4%] 103.3%
          1992                              [91.6%] 97.4%
          1993                              [86.0%] 91.6%

S. 4081                             3

          1994                              [80.6%] 86.0%
          1995                              [75.4%] 80.6%
          1996                              [70.2%] 75.4%
          1997                              [65.3%] 70.2%
          1998                              [60.5%] 65.3%
          1999                              [55.8%] 60.5%
          2000                              [51.3%] 55.8%
          2001                              [46.9%] 51.3%
          2002                              [42.6%] 46.9%
          2003                              [38.4%] 42.6%
          2004                              [34.4%] 38.4%
          2005                              [30.5%] 34.4%
          2006                              [26.7%] 30.5%
          2007                              [23.0%] 26.7%
          2008                              [19.4%] 23.0%
          2009                              [15.9%] 19.4%
          2010                              [12.6%] 15.9%
          2011                               [9.3%] 12.6%
          2012                               [6.1%] 9.3%
          2013                               [3.0%] 6.1%
          2014                               [0.0%] 3.0%
          2015                               0.0%
  S 3. This act shall take effect July 1, 2015.
  FISCAL NOTE -- Pursuant to Legislative Law, Section 50:
  This  bill  would amend both the General Municipal Law and the Retire-
ment and Social Security Law to increase the salary used in the computa-
tion of the special accidental death benefit by 3% in  cases  where  the
date of death was before 2015.
  Insofar  as  this  bill would amend the Retirement and Social Security
Law, it is estimated that there would be an additional  annual  cost  of
approximately  $451,000  above  the  approximately $10.2 million current
annual cost of this benefit. This cost would be shared by the  State  of
New York and all participating employers of the New York State and Local
Police and Fire Retirement System.
  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, 2014  actuarial  valu-
ation.    Distributions  and  other  statistics can be found in the 2014
Report of the  Actuary  and  the  2014  Comprehensive  Annual  Financial
Report.
  The  actuarial assumptions and methods used are described in the 2010,
2011, 2012, 2013 and 2014 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, 2014
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 January 15, 2015 and intended for use only during
the  2015  Legislative  Session, is Fiscal Note No. 2015-35, prepared by
the Actuary for the New York State and Local Police and Fire  Retirement
System.

S4081A - Bill Details

Law Section:
General Municipal Law
Laws Affected:
Amd §208-f, Gen Muni L; amd §361-a, R & SS L

S4081A - Bill Texts

view summary

Increases certain special accidental death benefits paid to widows, widowers or the deceased member's children.

view sponsor memo
BILL NUMBER:S4081A

TITLE OF BILL: An act to amend the general municipal law and the
retirement and social security law, in relation to increasing certain
special accidental death benefits

PURPOSE OR GENERAL IDEA OF BILL: This legislation extends the
escalation of a cost of living increase of approximately 3% for all
line-of-duty widows or widowers for fiscal year 2015-16.

SUMMARY OF PROVISIONS: This bill amends subdivision c of section
208-f of the General Municipal Law as amended by Chapter 104 of the
Laws of 2013 and subdivision c of section 361-a of the Retirement and
Social Security Law, as amended by Chapter 104 of the Laws of 2014.

JUSTIFICATION: Since 1978, the Legislature has passed and the
Governor signed into law a cost of living increase and a one-year
escalation for all New York State widows and widowers of police
officers and firefighters killed in the line-of-duty. The intent of
the original 1978 law was to increase their benefits to an amount that
would reflect the impact of inflation. However, the law did not
provide for any new cost of living increase after July 1, 1979.

Since that date, the cost of living has increased well over 3% each
year, including some periods of double-digit inflation. These same
widows and widowers are no longer receiving adequate benefits. This
Legislation does not totally cover the present inflation spiral, but
it at least provides some increased relief to the widows and widowers
of New York State's bravest citizens, who gave their lives in service
to the people of New York State. In the past, these brave families
have faced a poverty stricken existence. This legislation would
prevent the return of that deplorable state of affairs.

As with previous legislation, there is no cost to the localities, as
the state would reimburse them for this small increase.

PRIOR LEGISLATIVE HISTORY:

1996-- S.6360/A.9326 Chapter 1997-- S.4243/A.7546 Chapter 174 1998--
S.630/A.9487-A Chapter 31 1999-- S.3158-B/A.5942-B Chapter 132 2000--
A.9895/S.6866-A Chapter 231 2001-- A.6606A/S.3297A Chapter 264 2002--
A.11090/S.7263 Chapter 313 2003-- A.5435/S.3903 Chapter 139 2004--
A.10193-C/S.6579-C Chapter 351 2005-- A.5217/S.3971-C Chapter 48
2006-- A10334/S6744 Chapter 88 2007 - A5658/2492 Chapter 39 2008 -
A9666/S6733 Chapter 76 2009 - A4905/S2343 Chapter 305 2010 -
A9914/S6879 Chapter 439 2011 - A6068/S3994 Chapter 161 2012 -
A9116/S6438A Chapter 285 2013 - A5576-B/S4257-B Chapter 196 2014 -
A8484-A/S6467-A Chapter 104

FISCAL IMPLICATIONS: See Fiscal Notes

EFFECTIVE DATE: This act shall take effect July 1, 2015.

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

                                 4081--A
    Cal. No. 325

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 26, 2015
                               ___________

Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
  printed to be committed  to  the  Committee  on  Local  Government  --
  reported  favorably  from  said committee, ordered to first and second
  report, ordered to a third reading,  amended  and  ordered  reprinted,
  retaining its place in the order of third reading

AN  ACT to amend the general municipal law and the retirement and social
  security law, in relation to  increasing  certain  special  accidental
  death benefits

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision c of section 208-f  of  the  general  municipal
law,  as  amended by chapter 104 of the laws of 2014, is amended to read
as follows:
  c. Commencing July first, two thousand [fourteen] FIFTEEN the  special
accidental  death  benefit  paid  to  a widow or widower or the deceased
member's children under the age of eighteen or, if a student, under  the
age  of  twenty-three,  if the widow or widower has died, shall be esca-
lated by adding thereto an additional percentage of the  salary  of  the
deceased member (as increased pursuant to subdivision b of this section)
in accordance with the following schedule:
     calendar year of death
     of the deceased member              per centum
          1977 or prior                  [198.5%] 207.5%
          1978                           [189.8%] 198.5%
          1979                           [181.4%] 189.8%
          1980                           [173.2%] 181.4%
          1981                           [165.2%] 173.2%
          1982                           [157.5%] 165.2%
          1983                           [150.0%] 157.5%
          1984                           [142.7%] 150.0%
          1985                           [135.7%] 142.7%

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07688-04-5

S. 4081--A                          2

          1986                           [128.8%] 135.7%
          1987                           [122.1%] 128.8%
          1988                           [115.7%] 122.1%
          1989                           [109.4%] 115.7%
          1990                           [103.3%] 109.4%
          1991                            [97.4%] 103.3%
          1992                            [91.6%] 97.4%
          1993                            [86.0%] 91.6%
          1994                            [80.6%] 86.0%
          1995                            [75.4%] 80.6%
          1996                            [70.2%] 75.4%
          1997                            [65.3%] 70.2%
          1998                            [60.5%] 65.3%
          1999                            [55.8%] 60.5%
          2000                            [51.3%] 55.8%
          2001                            [46.9%] 51.3%
          2002                            [42.6%] 46.9%
          2003                            [38.4%] 42.6%
          2004                            [34.4%] 38.4%
          2005                            [30.5%] 34.4%
          2006                            [26.7%] 30.5%
          2007                            [23.0%] 26.7%
          2008                            [19.4%] 23.0%
          2009                            [15.9%] 19.4%
          2010                            [12.6%] 15.9%
          2011                             [9.3%] 12.6%
          2012                             [6.1%] 9.3%
          2013                             [3.0%] 6.1%
          2014                             [0.0%] 3.0%
          2015                             0.0%
  S 2. Subdivision c of section 361-a of the retirement and social secu-
rity  law,  as amended by chapter 104 of the laws of 2014, is amended to
read as follows:
  c. Commencing July first, two thousand [fourteen] FIFTEEN the  special
accidental  death  benefit  paid  to  a widow or widower or the deceased
member's children under the age of eighteen or, if a student, under  the
age  of  twenty-three,  if the widow or widower has died, shall be esca-
lated by adding thereto an additional percentage of the  salary  of  the
deceased member, as increased pursuant to subdivision b of this section,
in accordance with the following schedule:
     calendar year of death
     of the deceased member              per centum
          1977 or prior                    [198.5%] 207.5%
          1978                             [189.8%] 198.5%
          1979                             [181.4%] 189.8%
          1980                             [173.2%] 181.4%
          1981                             [165.2%] 173.2%
          1982                             [157.5%] 165.2%
          1983                             [150.0%] 157.5%
          1984                             [142.7%] 150.0%
          1985                             [135.7%] 142.7%
          1986                             [128.8%] 135.7%
          1987                             [122.1%] 128.8%
          1988                             [115.7%] 122.1%
          1989                             [109.4%] 115.7%
          1990                             [103.3%] 109.4%

S. 4081--A                          3

          1991                              [97.4%] 103.3%
          1992                              [91.6%] 97.4%
          1993                              [86.0%] 91.6%
          1994                              [80.6%] 86.0%
          1995                              [75.4%] 80.6%
          1996                              [70.2%] 75.4%
          1997                              [65.3%] 70.2%
          1998                              [60.5%] 65.3%
          1999                              [55.8%] 60.5%
          2000                              [51.3%] 55.8%
          2001                              [46.9%] 51.3%
          2002                              [42.6%] 46.9%
          2003                              [38.4%] 42.6%
          2004                              [34.4%] 38.4%
          2005                              [30.5%] 34.4%
          2006                              [26.7%] 30.5%
          2007                              [23.0%] 26.7%
          2008                              [19.4%] 23.0%
          2009                              [15.9%] 19.4%
          2010                              [12.6%] 15.9%
          2011                               [9.3%] 12.6%
          2012                               [6.1%] 9.3%
          2013                               [3.0%] 6.1%
          2014                               [0.0%] 3.0%
          2015                               0.0%
  S 3. This act shall take effect July 1, 2015.
  FISCAL NOTE -- Pursuant to Legislative Law, Section 50:
  This  bill  would amend both the General Municipal Law and the Retire-
ment and Social Security Law to increase the salary used in the computa-
tion of the special accidental death benefit by 3% in  cases  where  the
date of death was before 2015.
  Insofar  as  this  bill would amend the Retirement and Social Security
Law, it is estimated that there would be an additional  annual  cost  of
approximately  $451,000  above  the  approximately $10.2 million current
annual cost of this benefit. This cost would be shared by the  State  of
New York and all participating employers of the New York State and Local
Police and Fire Retirement System.
  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, 2014  actuarial  valu-
ation.    Distributions  and  other  statistics can be found in the 2014
Report of the  Actuary  and  the  2014  Comprehensive  Annual  Financial
Report.
  The  actuarial assumptions and methods used are described in the 2010,
2011, 2012, 2013 and 2014 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, 2014
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 January 15, 2015 and intended for use only during
the  2015  Legislative  Session, is Fiscal Note No. 2015-35, prepared by
the Actuary for the New York State and Local Police and Fire  Retirement
System.

S. 4081--A                          4

  FISCAL NOTE -- Pursuant to Legislative Law, Section 50:
  PROVISIONS  OF  PROPOSED  LEGISLATION  - OVERVIEW: With respect to the
City of New York (the "City"), this  proposed  legislation  would  amend
General  Municipal  Law  ("GML")  Section  208-f.c  to  increase certain
Special   Accidental   Death   Benefits   ("SADB")   for    line-of-duty
widows/widowers   and/or   children  and/or  certain  other  individuals
("Eligible Beneficiaries") of former uniformed employees of the City and
the New York City Health  and  Hospitals  Corporation  and  for  certain
former  employees of the Triborough Bridge and Tunnel Authority who were
members of certain New York City Retirement Systems ("NYCRS").
  The Effective Date of the proposed legislation would be July 1, 2015.
  IMPACT ON BENEFITS - SADB RECIPIENTS: With respect to the  NYCRS,  the
proposed  legislation would impact the SADB payable to certain survivors
of members of the:
  * New York City Employees' Retirement System ("NYCERS"), or
  * New York City Police Pension Fund ("POLICE"), or
  * New York Fire Department Pension Fund ("FIRE"), and
  who were employed by one of the following employers in  certain  posi-
tions:
  * New York City Police Department - Uniformed Position,
  * New York City Fire Department - Uniformed Position,
  * New York City Housing Authority - Uniformed Position,
  * New York City Transit Authority - Uniformed Position,
  * New York City Department of Correction - Uniformed Position,
  *  New  York City - Uniformed Position as Emergency Medical Technician
("EMT"),
  * New York City Health and Hospitals Corporation - Uniformed  Position
as EMT, or
  * Triborough Bridge and Tunnel Authority - Bridge and Tunnel Position.
  DESCRIPTION  OF  BENEFITS  PAYABLE:  Under  the GML, the basic SADB is
defined to equal:
  The salary of the deceased member at date of  death  (or,  in  certain
instances, a greater salary based on rank or other status) ("Final Sala-
ry"), less:
  * Any death benefit as adjusted by any Supplementation or Cost-of-Liv-
ing Adjustment ("COLA") paid by the NYCRS to the member's survivors,
  * Any death benefit paid by Social Security to the member's survivors,
and
  * Any Worker's Compensation benefit paid to the member's survivors.
  The  SADB is paid to the deceased member's surviving widow or widower,
if alive. If the widow/widower is no longer alive, then the SADB is paid
to the deceased member's children until age eighteen or while  attending
school until age twenty-three. If neither a widow/widower nor a child is
alive,  then the SADB may be paid to certain other individuals if eligi-
ble in accordance with certain laws related to the  World  Trade  Center
("WTC") attack.
  The  GML also provides that the SADB is subject to escalation based on
the calendar year of death of the member. Each year since Calendar  Year
1977  the  SADB  has  been increased by an additional cumulative, incre-
mental percentage of Final Salary. For example,  for  a  covered  member
deceased in Calendar Year 1979, the SADB cumulative percentage is 181.4%
of Final Salary as of July 1, 2014.
  Under the proposed legislation, the additional, incremental percentage
of Final Salary to be effective July 1, 2015 would be 3.0%.
  FINANCIAL  IMPACT  -  EMPLOYER PAYMENTS: With respect to the NYCRS, as
these SADB are provided on a pay-as-you-go basis, the additional  annual

S. 4081--A                          5

employer  payments  expected  to  be  paid during the first year, if the
proposed legislation is enacted, would equal approximately $2.8 million.
  NOTE: These additional payments represent an increase of approximately
4.5% in the estimated SADB payments during the first year.
  The  SADB  payments  are  made  by the NYCRS who are reimbursed by the
City.
  NOTE: Historically, the State of New York (the "State") reimbursed the
City for most GML Section 208.f payments. However, it is the understand-
ing of the Actuary that since 2009 the State has limited its  reimburse-
ment  to  a  fixed amount. Should this amount not be increased, then the
additional cost of this proposed legislation would be borne entirely  by
the City of New York.
  FINANCIAL IMPACT - ACTUARIAL PRESENT VALUES OF BENEFITS ("APVB"): With
respect  to  the  Eligible  Beneficiaries  of deceased NYCRS members who
would be impacted by this  proposed  legislation,  under  the  actuarial
assumptions  used in the June 30, 2014 (Lag) actuarial valuations of the
NYCRS, including an Actuarial Interest Rate ("AIR") assumption  of  7.0%
per  annum,  the  enactment  of this proposed legislation would increase
APVB by approximately $31.7 million as of June 30, 2015.
  Based on the same demographic actuarial assumptions but  with  an  AIR
assumption of 4.0% per annum, the enactment of this proposed legislation
would increase APVB by approximately $42.7 million as of June 30, 2015.
  OTHER  COSTS: The enactment of this proposed legislation would also be
expected to result in modest increases  in  administrative  expenses  of
NYCERS, POLICE, FIRE, the employers and certain New York City agencies.
  CENSUS DATA: The financial impact of the proposed legislation is based
upon  the  census  data  for such Eligible Beneficiaries provided by the
NYCRS and adjusted, as necessary, to prepare the  computations  and  for
consistency with other data.
  The  following  table  shows,  by  Retirement  System,  the  number of
deceased members with eligible survivors as reported by  the  NYCRS  and
the  estimated  annual  SADB  rate  prior to the increase proposed to be
effective as of July 1, 2015.

                                 Table 1
                SADB Census Data as Reported by the NYCRS
                              ($ Millions)

Retirement       Number of Deceased          Annual SADB
System           Members with                Rate Prior
                 Eligible Survivors          to Proposed
                                             July 1, 2015
                                             Increase

NYCERS            30                          $1.7
POLICE           324                          19.1
FIRE             613                          41.1
Total            967                         $61.9

  ACTUARIAL ASSUMPTIONS AND METHODS: Additional APVB have been  computed
based  on  the  actuarial assumptions and methods in effect for the June
30, 2014 (Lag) actuarial valuations of NYCERS, POLICE and FIRE  used  to
determine  the  Preliminary  Fiscal  Year  2016  employer contributions,
including an AIR  assumption  of  7.0%  per  annum  (net  of  Investment
Expenses).

S. 4081--A                          6

  The  demographic  actuarial  assumptions  were adopted by the Board of
Trustees of each NYCRS during Fiscal Year 2012 and  the  AIR  assumption
was  enacted by the New York State Legislature and Governor as Chapter 3
of the Laws of 2013 ("Chapter 3/13").
  Additional  APVB  have  also been developed using an AIR assumption of
4.0% per annum that could be more consistent with the potential cost  of
debt  issued  by  the  State of New York or the City of New York under a
long-term Consumer Price Inflation ("CPI") assumption of 2.5% per year.
  ECONOMIC VALUE OF BENEFITS: The actuarial assumptions used in the June
30, 2014 (Lag) actuarial valuations of the  NYCRS  are  appropriate  for
budgetary  models  and  for determining annual employer contributions to
the NYCRS.
  However,  these  actuarial  assumptions  used  to  determine  employer
contributions do not develop risk-adjusted, economic values of benefits.
In  the  current  economic  environment  of  low  U.S. Treasury security
yields, such risk-adjusted, economic values of benefits could be signif-
icantly greater than the APVB developed herein.
  STATEMENT OF ACTUARIAL OPINION: I, Robert C. North, Jr., am the Acting
Chief Actuary for the New York City Retirement Systems. I am a Fellow of
the Society of Actuaries and a Member of the American Academy of Actuar-
ies. I meet the Qualification Standards of the American Academy of Actu-
aries to render the actuarial opinion contained herein.
  FISCAL NOTE IDENTIFICATION: This estimate is  intended  for  use  only
during  the  2015  Legislative Session. It is Fiscal Note 2015-23, dated
April 30, 2015, prepared by the Acting Chief Actuary for  the  New  York
City Employees' Retirement System, the New York City Police Pension Fund
and the New York Fire Department Pension Fund.

senate Bill S3513A

Signed By Governor
2015-2016 Legislative Session

Relates to extending authorization for certain exemptions from filing requirements

download bill text pdf

Sponsored By

Current Bill Status Via A6131 - Signed by Governor


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

Actions

view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 30, 2015 signed chap.24
Jun 29, 2015 delivered to governor
Jun 15, 2015 returned to assembly
passed senate
substituted for s3513a
Jun 15, 2015 substituted by a6131a
May 18, 2015 amended on third reading 3513a
Apr 23, 2015 advanced to third reading
Apr 22, 2015 2nd report cal.
Apr 21, 2015 1st report cal.323
Feb 11, 2015 referred to insurance

Bill Amendments

S3513
S3513A
S3513
S3513A

S3513 - Bill Details

See Assembly Version of this Bill:
A6131A
Law Section:
Insurance Law
Laws Affected:
Amd §§6302 & 6303, Ins L
Versions Introduced in 2013-2014 Legislative Session:
S4172

S3513 - Bill Texts

view summary

Relates to extending authorization for certain exemptions from filing requirements.

view sponsor memo
BILL NUMBER:S3513 REVISED MEMO 04/20/2015

TITLE OF BILL: An act to amend the insurance law, in relation to
extending authorization for certain exemptions from filing
requirements

PURPOSE:

To make permanent certain exemptions from regulatory requirements
necessitating prior approval of rates and forms for large, commercial
insureds and special risks and to make changes to certain notice
requirements.

SUMMARY OF PROVISIONS:

Section 1 of the bill amends section 6302 (c)(3) of the insurance law
to extend the minimum surplus to policyholder ratio required of
medical malpractice insurers, from December 31, 2016 to December 31,
2018.

Section 2 of the bill amends section 6303 (a)(3) of the insurance law
to make permanent the current provision which permits certain
qualified insurers to write insurance without the Department of
Financial Services' prior approval of rates and forms.

This section further extends the required amount of time for an
insurer to file a policy form for informational purposes with the
superintendent from three business days to fifteen business days after
first delivery of the policy.

EXISTING LAW:

The current law expires on June 30,2015 and December 31, 2016.

JUSTIFICATION:

In 2011, legislation was enacted which modernized and streamlined the
regulation of commercial insurance by expanding the types of insurance
which may be written without the Department's prior approval of rates
and forms when sold to large commercial policyholders. This law has
proven successful in ensuring that commercial policyholders have
maximum flexibility to create policies that are tailored to their
needs, as they must respond rapidly to competitive forces, the economy
and the needs of their customers. For this reason, this legislation
seeks to make these provisions permanent. The legislation further
extends the amount of time for an insurer to file a policy form for
informational purposes with the Department from three to fifteen
business days These two filing requirements have proven to be a major
impediment to insurers seeking to write insurance under the current
law and have been of limited value to the Department.

LEGISLATIVE HISTORY:

New bill.

FISCAL IMPLICATIONS:


None.

EFFECTIVE DATE:

Immediately

view full text
download pdf
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3513

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 11, 2015
                               ___________

Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
  printed to be committed to the Committee on Insurance

AN ACT to amend the insurance law, in  relation  to  extending  authori-
  zation for certain exemptions from filing requirements

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraph 3 of subsection (c) of section 6302 of the insur-
ance law, as amended by section 9 of part B of chapter 78 of the laws of
2014, is amended to read as follows:
  (3) until December thirty-first, two thousand  [sixteen]  EIGHTEEN,  a
domestic property/casualty insurance company that maintains at all times
a  surplus  to  policyholders  of  at least twice the minimum surplus to
policyholders required to be maintained for the kinds of insurance  that
it is authorized to write in this state, or an insurer licensed pursuant
to  article sixty-one of this chapter as a reciprocal insurer that main-
tains at all times a surplus to policyholders of at  least  the  minimum
surplus  to  policyholders  required  to  be maintained for the kinds of
insurance that it is authorized to write in this  state,  provided  that
the  domestic property/casualty insurance company or reciprocal insurer:
(A) has total direct premiums  comprised  of  at  least  ninety  percent
medical  malpractice  insurance;  (B) assumes reinsurance premiums in an
amount that is less than five percent of total direct premiums  written;
and  (C)  writes  ninety  percent  of  its total direct premiums in this
state.
  S 2. Paragraph 3 of subsection (a) of section 6303  of  the  insurance
law, as amended by chapter 75 of the laws of 2013, is amended to read as
follows:
  (3)  [until  June  thirtieth, two thousand fifteen,] the policy, other
than a medical malpractice  insurance  policy,  is  issued  to  a  large
commercial  insured  that  employs  or retains a special risk manager to

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07120-01-5

S. 3513                             2

assist in the negotiation and purchase of a policy exempted  under  this
article, provided, however, that:
  (A)(i) the special risk manager is not employed by the insurer issuing
the policy or any person in the insurer's holding company system; and
  (ii)  the special risk manager is licensed as an insurance producer in
this state pursuant  to  article  twenty-one  of  this  chapter,  unless
exempted from licensing therein; and
  (B)  a  policy form that has not been previously filed with the super-
intendent shall be  filed  with  the  superintendent  for  informational
purposes  within [three] FIFTEEN business days after first delivery of a
policy using such form, but no later than sixty calendar days after  the
inception date of such policy.
  S 3. This act shall take effect immediately.

S3513A - Bill Details

See Assembly Version of this Bill:
A6131A
Law Section:
Insurance Law
Laws Affected:
Amd §§6302 & 6303, Ins L
Versions Introduced in 2013-2014 Legislative Session:
S4172

S3513A - Bill Texts

view summary

Relates to extending authorization for certain exemptions from filing requirements.

view sponsor memo
BILL NUMBER:S3513A

TITLE OF BILL:

An act to amend the insurance law, in relation to extending
authorization for certain exemptions from filing requirements

PURPOSE:

To extend certain exemptions from regulatory requirements
necessitating prior approval of rates and forms for large, commercial
insureds and special risks and to make changes to certain notice
requirements.

SUMMARY OF PROVISIONS:

Section 1 of the bill amends section 6302 (c)(3) of the insurance law
to extend the minimum surplus to policyholder ratio required of
medical malpractice insurers, from December 31, 2016 to December 31,
2018.

Section 2 of the bill amends section 6303 (a)(3) of the insurance law
to extend the current provision which permits certain qualified
insurers to write insurance without the Department of Financial
Services' prior approval of rates and forms, from June 30, 2015 to
June 30, 2019.

Section 3 is the effective date.

EXISTING LAW:

The current law expires on June 30, 2015 and December 31, 2016.

JUSTIFICATION:

In 2011, legislation was enacted which modernized and streamlined the
regulation of commercial insurance by expanding the types of insurance
which may be written without the Department's prior approval of rates
and forms when sold to large commercial policyholders. This law has
proven successful in ensuring that commercial policyholders have
maximum flexibility to create policies that are tailored to their
needs, as they must respond rapidly to competitive forces, the economy
and the needs of their customers. For this reason, this legislation
seeks to extend these provisions,

LEGISLATIVE HISTORY:

S.4172 of 2014

FISCAL IMPLICATIONS:

None.

EFFECTIVE DATE:

Immediately.


view full text
download pdf
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 3513--A
    Cal. No. 323

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 11, 2015
                               ___________

Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
  printed to be committed to the  Committee  on  Insurance  --  reported
  favorably  from  said  committee,  ordered to first and second report,
  ordered to a third reading, amended and ordered  reprinted,  retaining
  its place in the order of third reading

AN  ACT  to  amend  the insurance law, in relation to extending authori-
  zation for certain exemptions from filing requirements

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraph 3 of subsection (c) of section 6302 of the insur-
ance law, as amended by section 9 of part B of chapter 78 of the laws of
2014, is amended to read as follows:
  (3)  until  December  thirty-first, two thousand [sixteen] EIGHTEEN, a
domestic property/casualty insurance company that maintains at all times
a surplus to policyholders of at least  twice  the  minimum  surplus  to
policyholders  required to be maintained for the kinds of insurance that
it is authorized to write in this state, or an insurer licensed pursuant
to article sixty-one of this chapter as a reciprocal insurer that  main-
tains  at  all  times a surplus to policyholders of at least the minimum
surplus to policyholders required to be  maintained  for  the  kinds  of
insurance  that  it  is authorized to write in this state, provided that
the domestic property/casualty insurance company or reciprocal  insurer:
(A)  has  total  direct  premiums  comprised  of at least ninety percent
medical malpractice insurance; (B) assumes reinsurance  premiums  in  an
amount  that is less than five percent of total direct premiums written;
and (C) writes ninety percent of  its  total  direct  premiums  in  this
state.
  S 2. The opening paragraph of paragraph 3 of subsection (a) of section
6303 of the insurance law, as amended by chapter 75 of the laws of 2013,
is amended to read as follows:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07120-02-5

S. 3513--A                          2

  until  June  thirtieth,  two  thousand [fifteen] NINETEEN, the policy,
other than a medical malpractice insurance policy, is issued to a  large
commercial  insured  that  employs  or retains a special risk manager to
assist in the negotiation and purchase of a policy exempted  under  this
article, provided, however, that:
  S 3. This act shall take effect immediately.

senate Bill S3513

Signed By Governor
2015-2016 Legislative Session

Relates to extending authorization for certain exemptions from filing requirements

download bill text pdf

Sponsored By

Current Bill Status Via A6131 - Signed by Governor


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

Actions

view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 30, 2015 signed chap.24
Jun 29, 2015 delivered to governor
Jun 15, 2015 returned to assembly
passed senate
substituted for s3513a
Jun 15, 2015 substituted by a6131a
May 18, 2015 amended on third reading 3513a
Apr 23, 2015 advanced to third reading
Apr 22, 2015 2nd report cal.
Apr 21, 2015 1st report cal.323
Feb 11, 2015 referred to insurance

Bill Amendments

S3513
S3513A
S3513
S3513A

S3513 - Bill Details

See Assembly Version of this Bill:
A6131
Law Section:
Insurance Law
Laws Affected:
Amd §§6302 & 6303, Ins L
Versions Introduced in 2013-2014 Legislative Session:
S4172

S3513 - Bill Texts

view summary

Relates to extending authorization for certain exemptions from filing requirements.

view sponsor memo
BILL NUMBER:S3513 REVISED MEMO 04/20/2015

TITLE OF BILL: An act to amend the insurance law, in relation to
extending authorization for certain exemptions from filing
requirements

PURPOSE:

To make permanent certain exemptions from regulatory requirements
necessitating prior approval of rates and forms for large, commercial
insureds and special risks and to make changes to certain notice
requirements.

SUMMARY OF PROVISIONS:

Section 1 of the bill amends section 6302 (c)(3) of the insurance law
to extend the minimum surplus to policyholder ratio required of
medical malpractice insurers, from December 31, 2016 to December 31,
2018.

Section 2 of the bill amends section 6303 (a)(3) of the insurance law
to make permanent the current provision which permits certain
qualified insurers to write insurance without the Department of
Financial Services' prior approval of rates and forms.

This section further extends the required amount of time for an
insurer to file a policy form for informational purposes with the
superintendent from three business days to fifteen business days after
first delivery of the policy.

EXISTING LAW:

The current law expires on June 30,2015 and December 31, 2016.

JUSTIFICATION:

In 2011, legislation was enacted which modernized and streamlined the
regulation of commercial insurance by expanding the types of insurance
which may be written without the Department's prior approval of rates
and forms when sold to large commercial policyholders. This law has
proven successful in ensuring that commercial policyholders have
maximum flexibility to create policies that are tailored to their
needs, as they must respond rapidly to competitive forces, the economy
and the needs of their customers. For this reason, this legislation
seeks to make these provisions permanent. The legislation further
extends the amount of time for an insurer to file a policy form for
informational purposes with the Department from three to fifteen
business days These two filing requirements have proven to be a major
impediment to insurers seeking to write insurance under the current
law and have been of limited value to the Department.

LEGISLATIVE HISTORY:

New bill.

FISCAL IMPLICATIONS:


None.

EFFECTIVE DATE:

Immediately

view full text
download pdf
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3513

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 11, 2015
                               ___________

Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
  printed to be committed to the Committee on Insurance

AN ACT to amend the insurance law, in  relation  to  extending  authori-
  zation for certain exemptions from filing requirements

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraph 3 of subsection (c) of section 6302 of the insur-
ance law, as amended by section 9 of part B of chapter 78 of the laws of
2014, is amended to read as follows:
  (3) until December thirty-first, two thousand  [sixteen]  EIGHTEEN,  a
domestic property/casualty insurance company that maintains at all times
a  surplus  to  policyholders  of  at least twice the minimum surplus to
policyholders required to be maintained for the kinds of insurance  that
it is authorized to write in this state, or an insurer licensed pursuant
to  article sixty-one of this chapter as a reciprocal insurer that main-
tains at all times a surplus to policyholders of at  least  the  minimum
surplus  to  policyholders  required  to  be maintained for the kinds of
insurance that it is authorized to write in this  state,  provided  that
the  domestic property/casualty insurance company or reciprocal insurer:
(A) has total direct premiums  comprised  of  at  least  ninety  percent
medical  malpractice  insurance;  (B) assumes reinsurance premiums in an
amount that is less than five percent of total direct premiums  written;
and  (C)  writes  ninety  percent  of  its total direct premiums in this
state.
  S 2. Paragraph 3 of subsection (a) of section 6303  of  the  insurance
law, as amended by chapter 75 of the laws of 2013, is amended to read as
follows:
  (3)  [until  June  thirtieth, two thousand fifteen,] the policy, other
than a medical malpractice  insurance  policy,  is  issued  to  a  large
commercial  insured  that  employs  or retains a special risk manager to

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07120-01-5

S. 3513                             2

assist in the negotiation and purchase of a policy exempted  under  this
article, provided, however, that:
  (A)(i) the special risk manager is not employed by the insurer issuing
the policy or any person in the insurer's holding company system; and
  (ii)  the special risk manager is licensed as an insurance producer in
this state pursuant  to  article  twenty-one  of  this  chapter,  unless
exempted from licensing therein; and
  (B)  a  policy form that has not been previously filed with the super-
intendent shall be  filed  with  the  superintendent  for  informational
purposes  within [three] FIFTEEN business days after first delivery of a
policy using such form, but no later than sixty calendar days after  the
inception date of such policy.
  S 3. This act shall take effect immediately.

S3513A - Bill Details

See Assembly Version of this Bill:
A6131
Law Section:
Insurance Law
Laws Affected:
Amd §§6302 & 6303, Ins L
Versions Introduced in 2013-2014 Legislative Session:
S4172

S3513A - Bill Texts

view summary

Relates to extending authorization for certain exemptions from filing requirements.

view sponsor memo
BILL NUMBER:S3513A

TITLE OF BILL:

An act to amend the insurance law, in relation to extending
authorization for certain exemptions from filing requirements

PURPOSE:

To extend certain exemptions from regulatory requirements
necessitating prior approval of rates and forms for large, commercial
insureds and special risks and to make changes to certain notice
requirements.

SUMMARY OF PROVISIONS:

Section 1 of the bill amends section 6302 (c)(3) of the insurance law
to extend the minimum surplus to policyholder ratio required of
medical malpractice insurers, from December 31, 2016 to December 31,
2018.

Section 2 of the bill amends section 6303 (a)(3) of the insurance law
to extend the current provision which permits certain qualified
insurers to write insurance without the Department of Financial
Services' prior approval of rates and forms, from June 30, 2015 to
June 30, 2019.

Section 3 is the effective date.

EXISTING LAW:

The current law expires on June 30, 2015 and December 31, 2016.

JUSTIFICATION:

In 2011, legislation was enacted which modernized and streamlined the
regulation of commercial insurance by expanding the types of insurance
which may be written without the Department's prior approval of rates
and forms when sold to large commercial policyholders. This law has
proven successful in ensuring that commercial policyholders have
maximum flexibility to create policies that are tailored to their
needs, as they must respond rapidly to competitive forces, the economy
and the needs of their customers. For this reason, this legislation
seeks to extend these provisions,

LEGISLATIVE HISTORY:

S.4172 of 2014

FISCAL IMPLICATIONS:

None.

EFFECTIVE DATE:

Immediately.


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

                                 3513--A
    Cal. No. 323

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 11, 2015
                               ___________

Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
  printed to be committed to the  Committee  on  Insurance  --  reported
  favorably  from  said  committee,  ordered to first and second report,
  ordered to a third reading, amended and ordered  reprinted,  retaining
  its place in the order of third reading

AN  ACT  to  amend  the insurance law, in relation to extending authori-
  zation for certain exemptions from filing requirements

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraph 3 of subsection (c) of section 6302 of the insur-
ance law, as amended by section 9 of part B of chapter 78 of the laws of
2014, is amended to read as follows:
  (3)  until  December  thirty-first, two thousand [sixteen] EIGHTEEN, a
domestic property/casualty insurance company that maintains at all times
a surplus to policyholders of at least  twice  the  minimum  surplus  to
policyholders  required to be maintained for the kinds of insurance that
it is authorized to write in this state, or an insurer licensed pursuant
to article sixty-one of this chapter as a reciprocal insurer that  main-
tains  at  all  times a surplus to policyholders of at least the minimum
surplus to policyholders required to be  maintained  for  the  kinds  of
insurance  that  it  is authorized to write in this state, provided that
the domestic property/casualty insurance company or reciprocal  insurer:
(A)  has  total  direct  premiums  comprised  of at least ninety percent
medical malpractice insurance; (B) assumes reinsurance  premiums  in  an
amount  that is less than five percent of total direct premiums written;
and (C) writes ninety percent of  its  total  direct  premiums  in  this
state.
  S 2. The opening paragraph of paragraph 3 of subsection (a) of section
6303 of the insurance law, as amended by chapter 75 of the laws of 2013,
is amended to read as follows:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07120-02-5

S. 3513--A                          2

  until  June  thirtieth,  two  thousand [fifteen] NINETEEN, the policy,
other than a medical malpractice insurance policy, is issued to a  large
commercial  insured  that  employs  or retains a special risk manager to
assist in the negotiation and purchase of a policy exempted  under  this
article, provided, however, that:
  S 3. This act shall take effect immediately.

assembly Bill A5856

2015-2016 Legislative Session

Relates to violations of the uniform fire prevention and building code

download bill text pdf

Sponsored By

Current Bill Status - Passed Assembly


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

Actions

view actions (15)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 17, 2016 referred to housing, construction and community development
delivered to senate
passed assembly
Jan 06, 2016 ordered to third reading cal.222
returned to assembly
died in senate
Jun 15, 2015 referred to rules
delivered to senate
passed assembly
Jun 10, 2015 ordered to third reading rules cal.239
rules report cal.239
reported
Jun 08, 2015 reported referred to rules
Jun 03, 2015 reported referred to codes
Mar 05, 2015 referred to governmental operations

Co-Sponsors

view all co-sponsors

A5856 - Bill Details

See Senate Version of this Bill:
S4638
Current Committee:
Law Section:
Executive Law
Laws Affected:
Amd §382, Exec L
Versions Introduced in 2013-2014 Legislative Session:
A5847A, S5041A

A5856 - Bill Texts

view summary

Relates to violations of the uniform fire prevention and building code.

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download pdf
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5856

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              March 5, 2015
                               ___________

Introduced  by  M. of A. ZEBROWSKI, GALEF, COLTON, JAFFEE, HOOPER, SCHI-
  MEL, BRINDISI, ABINANTI -- Multi-Sponsored by -- M. of A. COOK, MAGEE,
  MARKEY, ROBINSON, SCHIMMINGER, THIELE -- read once and referred to the
  Committee on Governmental Operations

AN ACT to amend the executive law, in  relation  to  violations  of  the
  uniform fire prevention and building code

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 382 of the executive law is amended by adding a new
subdivision 4 to read as follows:
  4. WHERE A BUILDING HAS BEEN ALTERED IN VIOLATION OF ANY PROVISION  OF
THE  UNIFORM  CODE  OR  ANY  LAWFUL  ORDER OBTAINED THEREUNDER, AND SUCH
ALTERATION IMPEDES A PERSON'S EGRESS FROM SUCH BUILDING DURING A FIRE OR
OTHER EMERGENCY EVACUATION, THE OWNER OF SUCH BUILDING WHO HAS KNOWLEDGE
OF SUCH ALTERATION OR SHOULD HAVE HAD KNOWLEDGE OF SUCH ALTERATION SHALL
BE SUBJECT TO A CIVIL PENALTY OF  UP  TO  SEVEN  THOUSAND  FIVE  HUNDRED
DOLLARS.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05306-01-5