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S07832 Summary:

BILL NOS07832A
 
SAME ASSAME AS A08338-A
 
SPONSORWEBER
 
COSPNSR
 
MLTSPNSR
 
 
Authorizes Daniel Woolley to file for an accidental disability retirement.
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S07832 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         7832--A
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                       May 9, 2025
                                       ___________
 
        Introduced  by  Sen.  WEBER  -- read twice and ordered printed, and when
          printed to be committed to the Committee on Civil Service and Pensions
          -- recommitted to the Committee  on  Civil  Service  and  Pensions  in
          accordance  with  Senate  Rule 6, sec. 8 -- committee discharged, bill
          amended, ordered reprinted as amended and recommitted to said  commit-
          tee
 
        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.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10096-08-6

        S. 7832--A                          2
 
          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 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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