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A07541 Summary:

BILL NOA07541
 
SAME ASSAME AS S06856
 
SPONSORGiglio
 
COSPNSR
 
MLTSPNSR
 
 
Provides certain enhanced disability retirement benefits for Kyle Brower relating to participation in World Trade Center rescue, recovery, or cleanup operations, and who retired in 2013.
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A07541 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7541
 
                               2025-2026 Regular Sessions
 
                   IN ASSEMBLY
 
                                      April 1, 2025
                                       ___________
 
        Introduced by M. of A. GIGLIO -- read once and referred to the Committee
          on Governmental Employees
 
        AN  ACT  to  provide certain enhanced disability retirement benefits for
          Kyle Brower relating to participation in World  Trade  Center  rescue,
          recovery, or cleanup operations

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Notwithstanding any other law, rule or  regulation  to  the
     2  contrary,  Kyle Brower, a retired member of the New York state teachers'
     3  retirement system who participated in World Trade Center rescue,  recov-
     4  ery,  or cleanup operations, as such participation is defined in section
     5  2 of the retirement and social security law, who incurred  a  qualifying
     6  World Trade Center condition, as defined in such section, that is deter-
     7  mined to have been incurred in the performance and discharge of duty and
     8  is  the  natural  and proximate result of an accident not caused by such
     9  member's own willful negligence, and who retired for disability in 2013,
    10  shall be paid a performance  of  duty  disability  retirement  allowance
    11  equal  to  three-quarters  of  final  average  salary and shall have his
    12  retirement benefit recalculated as of 2013 if he shall  file  a  written
    13  request  to  that  effect  with the head of the New York state teachers'
    14  retirement system within one year of the effective date of this act. The
    15  payment of such pension shall be subject to the provisions of section 64
    16  of the retirement and social security law.
    17    § 2. Notwithstanding any other provision of law to the contrary,  none
    18  of  the  provisions  of  this  act shall be subject to section 25 of the
    19  retirement and social security law.
    20    § 3. This act shall take effect immediately.
          FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
          This bill would allow Kyle Brower, a retired member of  the  New  York
        State  Teachers'  Retirement  System  who  has  a qualifying World Trade
        Center condition, to receive a performance of duty disability retirement
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10741-03-5

        A. 7541                             2
 
        benefit equal to three-quarters of final average salary, instead of  the
        ordinary disability benefit he has been receiving.  Mr. Brower's pension
        would  be  recalculated prospectively and with retroactive adjustment to
        payments  made  since his date of retirement of July 9, 2013. Mr. Brower
        must file a written request with the head of the New York  State  Teach-
        ers'  Retirement  System  within  one year of the effective date of this
        bill.
          The cost of this benefit is equal to the increase in the present value
        of liabilities, which is estimated to be $937,000. This  cost  would  be
        borne  by  the  employers  of  members  of  the New York State Teachers'
        Retirement System.
          Member data is from the System's most recent actuarial valuation files
        as of June 30, 2024, consisting of data provided by the employers to the
        Retirement System. The most recent data distributions and statistics can
        be found in the System's Annual Report for fiscal year  ended  June  30,
        2024. System assets are as reported in the System's financial statements
        and  can  also be found in the System's Annual Report. Actuarial assump-
        tions and methods will be provided in the System's  Actuarial  Valuation
        Report as of June 30, 2024.
          The  source  of  this  estimate is Fiscal Note 2025-15 dated March 24,
        2025 prepared by the Office of the Actuary of the New York State  Teach-
        ers'  Retirement  System  and  is  intended for use only during the 2025
        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.
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