S03904 Summary:

Grants Robert V. Vassallo, Sr. disability retirement from the state police.
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S03904 Actions:

05/22/2019referred to governmental employees
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S03904 Memo:

Memo not available
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S03904 Text:

                STATE OF NEW YORK
                               2019-2020 Regular Sessions
                    IN SENATE
                                    February 21, 2019
        Introduced  by Sen. MARTINEZ -- read twice and ordered printed, and when
          printed to be committed to the Committee on Civil Service and Pensions
        AN ACT in relation to entitling Robert V. Vassallo, Sr. to reapply for a
          disability retirement from the New York state police
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Notwithstanding  any  other  provision  of law, Robert V.
     2  Vassallo, Sr., who was employed as a correction officer with the depart-
     3  ment of correctional services for the state of New York for approximate-
     4  ly one year beginning in 1968, and who  was  employed  as  a  correction
     5  officer  with  the department of correction for the city of New York for
     6  approximately one year until September 10, 1970, and who was employed as
     7  a police officer with the New York state parkway police for  the  period
     8  beginning  September  10,  1970  and ending January 1, 1980, and who was
     9  employed as a trooper with the New York  state  police  for  the  period
    10  beginning January 1, 1980 and ending March 1, 1990, and who was employed
    11  as  an investigator in the bureau of criminal investigation with the New
    12  York state police for the period beginning  March  1,  1990  and  ending
    13  September 13, 1997, and who, on January 14, 1991, was critically injured
    14  in an automobile accident while working undercover in an unmarked police
    15  car,  and,  as  a  result  of  such critical injuries has been unable to
    16  return to work with the New York state police, and who, for reasons  not
    17  ascribable  to  his own negligence, has been denied a disability retire-
    18  ment from the New York state police, and who, as of the  effective  date
    19  of  this  act,  is  on  regular service retirement, shall be entitled to
    20  reapply for a disability retirement from the New York state police if on
    21  or before December 31, 2021, he files a written request with  the  state
    22  comptroller to that effect.
    23    § 2. This act shall take effect immediately.
          FISCAL NOTE.--Pursuant to Legislative Law, Section 50:

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

        S. 3904                             2
          This  bill will entitle Robert V. Vassallo, Sr., a service retiree who
        was formerly employed as a  police  officer  with  the  New  York  State
        Police,  to  file  an  application  to receive a state police disability
        benefit pursuant to section 363-b of the Retirement and Social  Security
        Law  from the New York State and Local Police and Fire Retirement System
        instead of his current service retirement benefit.
          If this bill is enacted, there will be no increase in the annual bene-
        fit paid by the System. Therefore, there would be no cost to the 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, 2018 actuarial valu-
        ation.  Distributions and other statistics can  be  found  in  the  2018
        Report  of  the  Actuary  and  the  2018  Comprehensive Annual Financial
          The actuarial assumptions and methods used are described in the  2015,
        2016,  2017  and  2018  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, 2018
        New  York  State  and  Local  Retirement System Financial Statements and
        Supplementary Information.
          I am a member of the American Academy of Actuaries and meet the Quali-
        fication Standards to render the actuarial opinion contained herein.
          This fiscal note does not constitute a legal opinion on the  viability
        of  the  proposed change nor is it intended to serve as a substitute for
        the professional judgment of an attorney.
          This estimate, dated February 13, 2019,  and  intended  for  use  only
        during  the  2019  Legislative  Session,  is  Fiscal  Note  No. 2019-70,
        prepared by the Actuary for the New  York  State  and  Local  Retirement
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S03904 LFIN:

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