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S06048 Summary:

BILL NOS06048A
 
SAME ASNo Same As
 
SPONSORSKOUFIS
 
COSPNSR
 
MLTSPNSR
 
 
Authorizes Susan Gillinder, the widow of Robert C. Ritchie, to file a new service retirement application and an option election form on behalf of her deceased husband with the New York state and local employees' retirement system.
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S06048 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         6048--A
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                      March 5, 2025
                                       ___________
 
        Introduced  by  Sen. SKOUFIS -- read twice and ordered printed, and when
          printed to be committed to the Committee on Judiciary  --  recommitted
          to the Committee on Judiciary in accordance with Senate Rule 6, sec. 8
          --  committee  discharged,  bill amended, ordered reprinted as amended
          and recommitted to said committee

        AN ACT to authorize Susan Gillinder, the widow of Robert C.  Ritchie, to
          file a new service retirement application  and  option  election  form
          with  the  New  York  state  and local employees' retirement system on
          behalf of such deceased member
 
          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  Susan Gillinder, the widow of Robert C. Ritchie, who was a member of the
     3  New York state and local employees' retirement system, who died after he
     4  filed for retirement but prior to his selected retirement date, shall be
     5  authorized  to  file  a new service retirement application and an option
     6  election form on behalf of her deceased husband with a  joint  allowance
     7  full  option,  if,  within one year from the effective date of this act,
     8  she shall submit a request therefor to the state comptroller.  In  addi-
     9  tion,  his  date  of  retirement shall be deemed to have been August 15,
    10  2016. Once such application is received, any rights or benefits  to  the
    11  pre-retirement ordinary death benefit payable upon the death of a member
    12  in service pursuant to section 448 of the retirement and social security
    13  law  shall  be  waived. Any amounts paid by the New York state and local
    14  employees' retirement system as the result of the  death  of  Robert  C.
    15  Ritchie  prior  to  the  filing  of the request for a service retirement
    16  benefit pursuant to this section shall  be  deducted  from  the  service
    17  retirement benefit payable thereafter.
    18    §  2.  Any additional costs for this act shall be paid by the state of
    19  New York.
    20    § 3. This act shall take effect immediately.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00695-03-6

        S. 6048--A                          2
 
          FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
          This bill would allow Susan Gillinder, widow of deceased member Robert
        C.  Ritchie,  to  file a new service retirement application with a joint
        allowance full option election on behalf of Robert C. Ritchie. The  date
        of  retirement would be August 15, 2016. Any ordinary death benefit paid
        prior to the filing of a new  service  retirement  application  will  be
        deducted from the benefits payable under this legislation.
          This  bill  will  not increase the state of New York's annual contrib-
        utions.
          There will be an immediate past service cost of $550,000 borne by  the
        state  of New York as a one-time payment. This cost assumes that payment
        will be made on March 1, 2027.
          Summary of relevant resources:
          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 February 5,  2026,  and  intended  for  use  only
        during  the  2026 Legislative Session, is Fiscal Note Number 2026-91. 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 Actu-
        aries, of which I am a member. I am  a  member  of  NYSLRS  but  do  not
        believe it impairs my objectivity.
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