STATE OF NEW YORK
________________________________________________________________________
7900--A
2021-2022 Regular Sessions
IN ASSEMBLY
May 28, 2021
___________
Introduced by M. of A. GOODELL -- read once and referred to the Commit-
tee on Governmental Employees -- recommitted to the Committee on
Governmental Employees in accordance with Assembly Rule 3, sec. 2 --
committee discharged, bill amended, ordered reprinted as amended and
recommitted to said committee
AN ACT to authorize the New York state teachers' retirement system to
accept an application for disability retirement benefits from Karen
Sosinski
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 to the contrary,
2 the application for disability retirement benefits of Karen Sosinski,
3 who was employed as a teacher by the Dunkirk city school district and a
4 member of the New York state teachers' retirement system, who ceased her
5 employment with the Dunkirk city school district on April 3, 2014, and
6 who, for reasons not ascribable to her own negligence, did not apply to
7 the New York state teachers' retirement system for disability retirement
8 benefits until October 26, 2015, shall be deemed to have applied to the
9 New York state teachers' retirement system for disability retirement
10 benefits within 30 days of her ceasing to be employed on April 3, 2014.
11 § 2. All costs associated with the implementation of this act shall be
12 borne by the employers of the members of the New York state teachers'
13 retirement system.
14 § 3. This act shall take effect immediately.
FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
This bill concerns Karen Sosinski, a vested member of the New York
State Teachers' Retirement System who ceased her employment as a teacher
with the Dunkirk City School District on April 3, 2014 and did not apply
for disability retirement benefits until October 26, 2015, after the
12-month deadline to apply for disability retirement had lapsed. She
shall be deemed to have applied for disability retirement benefits with-
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD08446-04-2
A. 7900--A 2
in 30 days of ceasing her employment on April 3, 2014. Currently Ms.
Sosinski is eligible for a service retirement benefit commencing at age
55.
The cost of this benefit is equal to the increase in the present value
of liabilities, which is estimated to be $207,000. This cost is to be
borne by the employers of members of the New York State Teachers'
Retirement System and is contingent upon the approval of Ms. Sosinski's
application for disability retirement by the Medical Board of the New
York State Teachers' Retirement System.
Member data is from the System's most recent actuarial valuation
files, consisting of data provided by the employers to the Retirement
System. Data distributions and statistics can be found in the System's
Annual Report. System assets are as reported in the System's financial
statements and can also be found in the System's Annual Report. Actuar-
ial assumptions and methods are provided in the System's Actuarial Valu-
ation Report and the 2021 Actuarial Assumptions Report.
The source of this estimate is Fiscal Note 2022-13 dated March 21,
2022 prepared by the Office of the Actuary of the New York State Teach-
ers' Retirement System and is intended for use only during the 2022
Legislative Session. I, Richard A. Young, am the Chief Actuary for the
New York State Teachers' Retirement System. I am a member of the Ameri-
can Academy of Actuaries and I meet the Qualification Standards of the
American Academy of Actuaries to render the actuarial opinion contained
herein.
