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A08797 Summary:

BILL NOA08797A
 
SAME ASSAME AS S08148-B
 
SPONSORPheffer Amato
 
COSPNSR
 
MLTSPNSR
 
Add §607-m, R & SS L
 
Provides a heart disease presumption for members employed by the Triborough bridge and tunnel authority as a bridge and tunnel officer, sergeant or lieutenant in a non-managerial position.
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A08797 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         8797--A
 
                               2025-2026 Regular Sessions
 
                   IN ASSEMBLY
 
                                      June 5, 2025
                                       ___________
 
        Introduced  by  M.  of A. PHEFFER AMATO -- 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 to amend the retirement and social security law, in  relation  to
          providing  a heart disease presumption for certain members employed by
          the Triborough bridge and tunnel authority
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section 1. The retirement and social security law is amended by adding
     2  a new section 607-m to read as follows:
     3    §  607-m.  Disabilities  of  Triborough  bridge  and tunnel members in
     4  certain cases. 1. Notwithstanding the provisions of any general, special
     5  or local law or administrative code to the contrary, but except for  the
     6  purposes  of the workers' compensation law and the labor law, any condi-
     7  tion of impairment of health caused by diseases of the heart,  resulting
     8  in  total  or  partial  disability  or death to a member employed by the
     9  Triborough bridge and tunnel authority as a bridge and  tunnel  officer,
    10  sergeant  or  lieutenant  in  a  non-managerial  position or any retired
    11  member of such authority who has been retired directly from service as a
    12  bridge and tunnel officer, sergeant or lieutenant  in  a  non-managerial
    13  position  for  five  or  less  years, who successfully passed a physical
    14  examination on entry into such  service  or  subsequent  thereto,  which
    15  examination  failed  to  reveal any evidence of such condition, shall be
    16  presumptive evidence  that  it  was  incurred  in  the  performance  and
    17  discharge of duty, unless the contrary be proved by competent evidence.
    18    2.  Notwithstanding  any  other provision of law, a member employed by
    19  the Triborough bridge and tunnel authority as a bridge and tunnel  offi-
    20  cer, sergeant or lieutenant in a non-managerial position retiring pursu-
    21  ant to the provisions of subdivision one of this section shall receive a
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07104-05-6

        A. 8797--A                          2
 
     1  pension  equal  to  three-fourths  of  their final average salary, and a
     2  retired member of such authority who  has  been  retired  directly  from
     3  service  as  a  bridge  and  tunnel officer, sergeant or lieutenant in a
     4  non-managerial  position for five or less years and would have been able
     5  to retire pursuant to the provisions of subdivision one of this  section
     6  if  such  subdivision  had  been  in  force  at the time of such retired
     7  member's retirement, shall be entitled to receive  a  pension  equal  to
     8  three-fourths  of  their  final  average  salary  and have their pension
     9  recalculated commencing with the later of the  effective  date  of  this
    10  section or the first day that diseases of the heart resulted in the full
    11  or partial disability of such retired member.
    12    §   2.  All  past  service  costs  associated  with  implementing  the
    13  provisions of this act shall be borne by the city of New York.
    14    § 3. Notwithstanding any provision of law to the contrary, none of the
    15  provisions of this act shall be subject to the appropriation requirement
    16  of section 25 of the retirement and social security law.
    17    § 4. This act shall take effect immediately.
          FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
          SUMMARY: This proposed legislation would provide to certain active and
        retired NYCERS Tier 4 and  6  Triborough  Bridge  and  Tunnel  Authority
        (TBTA)  officers  a  rebuttable  statutory presumption that a qualifying
        disability or death  related  to  heart  disease  was  incurred  in  the
        performance of duty and provide a performance of duty disability benefit
        equal to 75% of the member's Final Average Salary.
 
              ILLUSTRATION - INCREASE (DECREASE) IN EMPLOYER CONTRIBUTIONS
                 by Fiscal Year for the first 25 years ($ in Thousands)
                           One Incident            One Incident Per Year
             Year      Disability     Death        Disability       Death
             2027          63           235             63            235
             2028          63           235            129            478
             2029          63           235            196            728
             2030          63           235            266            985
             2031          63           235            337          1,250
             2032          63           235            411          1,523
             2033          63           235            486          1,804
             2034          63           235            565          2,093
             2035          63           235            645          2,391
             2036          63           235            728          2,698
             2037          63           235            813          3,015
             2038          63           235            901          3,341
             2039          63           235            992          3,676
             2040          63           235          1,085          4,022
             2041           0             0          1,117          4,143
             2042           0             0          1,151          4,267
             2043           0             0          1,185          4,395
             2044           0             0          1,221          4,527
             2045           0             0          1,258          4,663
             2046           0             0          1,295          4,802
             2047           0             0          1,334          4,946
             2048           0             0          1,374          5,095
             2049           0             0          1,415          5,248
             2050           0             0          1,458          5,405
             2051           0             0          1,502          5,567
           Employer contribution impact beyond Fiscal Year 2051 is not shown.

        A. 8797--A                          3
 
          While  the past service costs would normally be borne by the TBTA, the
        proposed legislation assigns such costs to the City of New York.
          PRESENT  VALUE  OF  BENEFITS:  The  Present  Value  of Benefits is the
        discounted expected value of benefits paid to  current  members  if  all
        assumptions are met, including future service accrual and pay increases.
        Future new hires are not included in this present value.
 
                 INITIAL INCREASE (DECREASE) IN ACTUARIAL PRESENT VALUES
                          as of June 30, 2025 ($ in Thousands)
          Present Value (PV)                    Per Disability      Per Death
          (1) PV of Employer Contributions:     537                 1,990
          (2) PV of Employee Contributions:     (3)                 0
          Total PV of Benefits (1) + (2):       534                 1,990
 
          UNFUNDED  ACCRUED  LIABILITY  (UAL): Actuarial Accrued Liabilities are
        the portion of the Present Value of Benefits allocated to past  service.
        Changes in UAL per incident would be recognized as ongoing gain/loss.
 
                       AMORTIZATION OF UNFUNDED ACCRUED LIABILITY
          Recognized as Ongoing Gain/Loss       Per Disability      Per Death
          Increase (Decrease) in UAL:           537 K               1,990 K
          Number of Payments:                   14                  14
          Amortization Payment:                 63 K                235 K
 
          CENSUS DATA: The number of members who will benefit in the future from
        this proposed legislation is unknown. The estimates presented herein are
        based  on  preliminary  census  data  collected as of June 30, 2025. The
        census data for the potentially impacted population used to develop  the
        average costs is summarized below.
 
                                                  NYCERS
                         Active Members
                         - Number Count:          259
                         - Average Age:           50.1
                         - Average Service:       19.3
                         - Average Salary:        127,300
                         Receiving Members
                         (within five years
                         of retirement)
                         - Number Count:          215
                         - Average Age:           56.2
 
          IMPACT  ON MEMBER BENEFITS: Currently, active Tier 4 or Tier 6 members
        of NYCERS, who are employed as TBTA officers and become disabled due  to
        heart  disease  would  generally  be eligible for an applicable ordinary
        disability retirement benefit after attaining 10 years of  service.  The
        disability benefit is a lifetime payment equal to the greatest of 1/3 of
        Final  Average Salary (FAS), 1/60th of FAS times service, or the service
        retirement benefit, if eligible.
          Under the proposed legislation, the  performance  of  duty  disability
        benefit  for Tier 4 or Tier 6 NYCERS TBTA officers who are disabled from
        heart disease would be equal to 75% of FAS without an offset  for  Work-
        ers' Compensation.
          The  ordinary  death  benefit  for  NYCERS TBTA officers is a lump sum
        payment generally equal to three times the member's salary plus a return
        of member contributions.

        A. 8797--A                          4
 
          The performance of duty death benefit would generally be  equal  to  a
        lifetime  benefit of 50% of a member's wages earned during the last year
        of service, plus, if applicable, the Special  Accidental  Death  Benefit
        payable under General Municipal Law section 208-f.
          ASSUMPTIONS  AND  METHODS:  The  estimates  presented herein have been
        calculated based on the Revised 2021 Actuarial Assumptions  and  Methods
        of the impacted retirement systems.
          The  number  of  members and eligible retirees who will benefit in the
        future from this proposed legislation  is  unknown.  The  cost  of  this
        proposed  legislation  could  vary  greatly  depending  on the number of
        future members who benefit and on their  length  of  service,  age,  and
        salary  history.  In  particular,  the  increase  would be greater for a
        member who is not yet eligible for an ordinary disability  benefit  when
        disabled.
          The  estimated  financial  impact for disabled members has been calcu-
        lated assuming 50% would have retired under the current  ordinary  disa-
        bility  benefit,  and  50%  would have continued working if the proposed
        legislation were not passed.
          RISK AND UNCERTAINTY: The costs presented in this Fiscal  Note  depend
        highly  on  the  actuarial  assumptions, methods, and models used, demo-
        graphics of the impacted population, and other factors such  as  invest-
        ment,  contribution, and other risks. If actual experience deviates from
        actuarial  assumptions,  the  actual  costs  could  differ  from   those
        presented  herein.  Quantifying  these risks is beyond the scope of this
        Fiscal Note.
          This Fiscal Note is intended to measure  pension-related  impacts  and
        does  not  include other potential costs (e.g., administrative and Other
        Postemployment Benefits). This Fiscal Note does not reflect any  chapter
        laws that may have been enacted during the current legislative session.
          STATEMENT OF ACTUARIAL OPINION: Marek Tyszkiewicz and Gregory Zelikov-
        sky  are members of the Society of Actuaries and the American Academy of
        Actuaries. We are members of NYCERS, but do not believe it  impairs  our
        objectivity,  and  we  meet  the Qualification Standards of the American
        Academy of Actuaries to render the actuarial opinion  contained  herein.
        To  the  best  of  our knowledge, the results contained herein have been
        prepared in accordance with generally accepted actuarial principles  and
        procedures  and  with  the Actuarial Standards of Practice issued by the
        Actuarial Standards Board.
          FISCAL NOTE IDENTIFICATION: This Fiscal Note 2026-07 dated January 30,
        2026 was prepared by the Chief Actuary for the New York City  Retirement
        Systems  and  Pension Funds and is intended for use only during the 2026
        Legislative Session.
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