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A10606 Summary:

BILL NOA10606
 
SAME ASSAME AS S09868
 
SPONSORRules (Stern)
 
COSPNSR
 
MLTSPNSR
 
 
Permits the widow of Luis Palermo to apply for a World Trade Center related accidental death benefit for participation in the rescue, recovery, and clean-up operations as a member of the Nassau county police department.
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A10606 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          10606
 
                   IN ASSEMBLY
 
                                      June 20, 2024
                                       ___________
 
        Introduced  by  COMMITTEE  ON RULES -- (at request of M. of A. Stern) --
          read once and referred to the Committee on Governmental Employees
 
        AN ACT to authorize the widow of Luis Palermo to apply for  World  Trade
          Center  related  accidental death benefits from the New York state and
          local police and fire retirement system
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Notwithstanding any other provisions of law, the widow of
     2  Luis Palermo, who was employed by the Nassau  County  police  department
     3  since October 14, 1994, and was a member of the New York state and local
     4  police  and fire retirement system for approximately 23 years, until his
     5  passing on September 4, 2017, as a result of end stage pulmonary  fibro-
     6  sis  contracted through his participation as a first responder, shall be
     7  entitled to file a new application for an accidental and  special  acci-
     8  dental death retirement benefit provided by the New York state and local
     9  police  and  fire retirement system.   Additionally, notwithstanding any
    10  rule, regulation or law to the contrary, Luis Palermo's application  for
    11  World  Trade  Center  notice  shall  be approved despite Officer Palermo
    12  participating in rescue, recovery, and clean-up operations  for  twenty-
    13  nine  hours  between  September  11,  2001  and September 12, 2002. Such
    14  application must be filed with the New York state and local  police  and
    15  fire  retirement  system pursuant to section 361-a of the retirement and
    16  social security law, as amended by chapter 733  of  the  laws  of  1990,
    17  within one year of the effective date of this act.
    18    § 2. All costs associated with the implementation of this act shall be
    19  borne by the county of Nassau.
    20    § 3. This act shall take effect immediately.
          FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
          This  bill  would  make  Deborah Palermo, the widow of deceased member
        Luis Palermo, eligible to collect an accidental death  benefit  pursuant
        to  sections  361  and  361-a  of the Retirement and Social Security Law
        (RSSL). Luis Palermo was employed as a police officer with Nassau County
        until their death on September 4, 2017. Currently, a service  retirement
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15561-03-4

        A. 10606                            2
 
        benefit under a joint allowance full option election is payable to Debo-
        rah Palermo, pursuant to section 370 of the RSSL.
          If  this  bill is enacted during the 2024 Legislative Session, and the
        required application for an accidental death benefit is timely filed and
        approved, there will be an immediate past service cost of  approximately
        $5.61  million  which  will  be  borne  by  Nassau  County as a one-time
        payment. This estimate assumes that payment will be made on February  1,
        2025.
          Summary of relevant resources:
          Membership  data as of March 31, 2023 was used in measuring the impact
        of the proposed change, the same data used in the April 1, 2023 actuari-
        al valuation.  Distributions and other statistics can be  found  in  the
        2023  Report  of the Actuary and the 2023 Annual Comprehensive Financial
        Report.
          The actuarial assumptions and methods used are described in  the  2023
        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, 2023
        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 June 6, 2024, and intended for  use  only  during
        the  2024  Legislative Session, is Fiscal Note No. 2024-186, prepared by
        the Actuary for the New York State and Local Retirement System.
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