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A08338 Summary:

BILL NOA08338A
 
SAME ASNo Same As
 
SPONSORCarroll P
 
COSPNSR
 
MLTSPNSR
 
 
Authorizes Daniel Woolley to file for an accidental disability retirement.
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A08338 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         8338--A
 
                               2025-2026 Regular Sessions
 
                   IN ASSEMBLY
 
                                      May 13, 2025
                                       ___________
 
        Introduced  by  M.  of  A.  P. CARROLL  -- read once and referred to the
          Committee 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 in relation to authorizing Daniel Woolley  to  receive  an  acci-
          dental disability retirement
 
          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, Daniel Woolley,
     2  who was employed by the town of Clarkstown  as  a  police  officer  from
     3  February  1991 to February 2023 and who retired from service on February
     4  25, 2023, and who was diagnosed with an aortic aneurysm of the heart  on
     5  February  15,  2024,  and  who, as of the effective date of this act, is
     6  receiving a service retirement benefit from the New York state and local
     7  police and fire retirement system, shall be entitled  to  apply  for  an
     8  accidental  disability  retirement  from  the  New  York state and local
     9  police and fire retirement system pursuant to section 363 of the retire-
    10  ment and social security law if, within one year of the  effective  date
    11  of this act, he shall file a written request with the state comptroller.
    12    § 2. This act shall take effect immediately.
          FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
          This  bill  would entitle Daniel Woolley, a service retiree of the New
        York State and Local Police and Fire Retirement  System  (NYSLPFRS),  to
        apply  for  an accidental disability retirement, pursuant to section 363
        of the retirement and social security law.
          There will be an immediate past service cost of $74,000 as of February
        1, 2027. This cost will be shared by the State of New York and the local
        participating employers in  NYSLPFRS  and  spread  over  future  billing
        cycles.
          Summary of relevant resources:
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10096-07-6

        A. 8338--A                          2
 
          Membership data as of March 31, 2025 was used to measure the impact of
        the  bill, the same data used in the Actuarial Valuations dated April 1,
        2025. Distributions and other statistics can be found in the 2025 Report
        of the Actuary and the 2025 Annual Comprehensive Financial  Report.  The
        actuarial  assumptions and methods used are described in the 2025 Annual
        Report to the Comptroller on Actuarial Assumptions, and the Codes, Rules
        and Regulations of the State of New York: Audit and  Control.  The  fair
        value  of assets and GASB disclosures can be found in the 2025 Financial
        Statements and Supplementary Information.
          Assumptions, demographics, and  other  considerations  may  have  been
        modified  to  better reflect specific provisions of any proposed benefit
        change(s).
          This fiscal note does not constitute a legal opinion on the  viability
        of the bill, nor is it intended to serve as a substitute for the profes-
        sional judgment of an attorney.
          This  estimate, dated April 17, 2026, and intended for use only during
        the 2026 Legislative Session, is Fiscal Note Number 2026-181.  As  Chief
        Actuary  of  the New York State and Local Retirement System (NYSLRS), I,
        Aaron Schottin Young, hereby certify that this  analysis  complies  with
        applicable  Actuarial  Standards  of  Practice  as  well  as the Code of
        Professional Conduct and Qualification Standards for  Actuaries  Issuing
        Statements of Actuarial Opinion of the American Academy of Actuaries, of
        which  I  am  a  member.  I  am a member of NYSLRS but do not believe it
        impairs my objectivity.
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