- Summary
- Actions
- Committee Votes
- Floor Votes
- Memo
- Text
- LFIN
- Chamber Video/Transcript
A04079 Summary:
BILL NO | A04079B |
  | |
SAME AS | SAME AS S03168-B |
  | |
SPONSOR | Joyner (MS) |
  | |
COSPNSR | Lupardo, Vanel, Williams, Hyndman, Ortiz, D'Urso, Lentol, Englebright, Crespo, Zebrowski, Jaffee, Dickens, Braunstein, Mosley, Barron, Gunther, Taylor, Ramos, Arroyo, Lavine, Perry, DenDekker, Cook, Barnwell, Blake, Davila, Colton, DeStefano, Ra, Cruz, Griffin, Frontus, Sayegh, Miller MG, Buttenschon, Cusick, Morinello, Brabenec, Crouch, Mikulin, Montesano, Tague, Miller B, McDonough, Lawrence, Rosenthal L, Hevesi, Pichardo, Quart |
  | |
MLTSPNSR | Blankenbush, Dinowitz, Epstein, Giglio, Simon |
  | |
Amd §208-f, Gen Muni L; amd §361-a, R & SS L | |
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Relates to increasing certain special accidental death benefits; increases the special accidental death benefit paid to a widow or widower or the deceased member's children under the age of eighteen, or if a student, under the age of twenty-three. |
A04079 Actions:
BILL NO | A04079B | |||||||||||||||||||||||||||||||||||||||||||||||||
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02/01/2019 | referred to governmental employees | |||||||||||||||||||||||||||||||||||||||||||||||||
02/07/2019 | amend and recommit to governmental employees | |||||||||||||||||||||||||||||||||||||||||||||||||
02/07/2019 | print number 4079a | |||||||||||||||||||||||||||||||||||||||||||||||||
05/17/2019 | amend and recommit to governmental employees | |||||||||||||||||||||||||||||||||||||||||||||||||
05/17/2019 | print number 4079b | |||||||||||||||||||||||||||||||||||||||||||||||||
05/21/2019 | reported referred to ways and means | |||||||||||||||||||||||||||||||||||||||||||||||||
06/04/2019 | reported referred to rules | |||||||||||||||||||||||||||||||||||||||||||||||||
06/05/2019 | reported | |||||||||||||||||||||||||||||||||||||||||||||||||
06/05/2019 | rules report cal.76 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/05/2019 | ordered to third reading rules cal.76 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/11/2019 | passed assembly | |||||||||||||||||||||||||||||||||||||||||||||||||
06/11/2019 | delivered to senate | |||||||||||||||||||||||||||||||||||||||||||||||||
06/11/2019 | REFERRED TO RULES | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2019 | SUBSTITUTED FOR S3168B | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2019 | 3RD READING CAL.1679 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2019 | PASSED SENATE | |||||||||||||||||||||||||||||||||||||||||||||||||
06/19/2019 | RETURNED TO ASSEMBLY | |||||||||||||||||||||||||||||||||||||||||||||||||
10/11/2019 | delivered to governor | |||||||||||||||||||||||||||||||||||||||||||||||||
10/22/2019 | signed chap.382 |
A04079 Committee Votes:
Abbate | Aye | Malliotakis | Aye | ||||||
Aubry | Aye | Johns | Aye | ||||||
Colton | Aye | Palumbo | Aye | ||||||
Cusick | Aye | DeStefano | Aye | ||||||
Zebrowski | Aye | ||||||||
DenDekker | Aye | ||||||||
Santabarbara | Aye | ||||||||
Pheffer Amato | Aye | ||||||||
Ryan | Aye | ||||||||
Griffin | Aye | ||||||||
Weinstein | Aye | Barclay | Aye | ||||||
Lentol | Aye | Crouch | Aye | ||||||
Schimminger | Aye | Fitzpatrick | Aye | ||||||
Gantt | Excused | Hawley | Aye | ||||||
Glick | Aye | Malliotakis | Aye | ||||||
Nolan | Aye | Montesano | Aye | ||||||
Pretlow | Aye | Ra | Aye | ||||||
Perry | Aye | Blankenbush | Aye | ||||||
Colton | Aye | Palmesano | Aye | ||||||
Cook | Aye | Norris | Aye | ||||||
Cahill | Aye | ||||||||
Aubry | Aye | ||||||||
Thiele | Aye | ||||||||
Cusick | Aye | ||||||||
Ortiz | Aye | ||||||||
Benedetto | Aye | ||||||||
Weprin | Aye | ||||||||
Rodriguez | Excused | ||||||||
Ramos | Aye | ||||||||
Braunstein | Aye | ||||||||
McDonald | Aye | ||||||||
Rozic | Aye | ||||||||
Simotas | Aye | ||||||||
Dinowitz | Aye | ||||||||
Miller | Aye | ||||||||
Heastie | Excused | Kolb | Aye | ||||||
Gottfried | Aye | Crouch | Aye | ||||||
Lentol | Aye | Finch | Aye | ||||||
Gantt | Excused | Barclay | Aye | ||||||
Nolan | Excused | Raia | Aye | ||||||
Weinstein | Aye | Hawley | Aye | ||||||
Ortiz | Aye | Giglio | Aye | ||||||
Pretlow | Aye | Malliotakis | Aye | ||||||
Cook | Aye | ||||||||
Glick | Aye | ||||||||
Aubry | Aye | ||||||||
Englebright | Aye | ||||||||
Dinowitz | Aye | ||||||||
Colton | Aye | ||||||||
Magnarelli | Aye | ||||||||
Perry | Aye | ||||||||
Paulin | Excused | ||||||||
Titus | Aye | ||||||||
Peoples-Stokes | Aye | ||||||||
Benedetto | Aye | ||||||||
Lavine | Aye | ||||||||
Lupardo | Aye | ||||||||
Zebrowski | Aye | ||||||||
Go to top
A04079 Floor Votes:
Yes
Abbate
Yes
Crespo
ER
Gantt
Yes
LiPetri
Yes
Perry
No
Simon
Yes
Abinanti
Yes
Crouch
Yes
Garbarino
Yes
Lupardo
Yes
Pheffer Amato
Yes
Simotas
Yes
Arroyo
Yes
Cruz
Yes
Giglio
Yes
Magnarelli
Yes
Pichardo
Yes
Smith
Yes
Ashby
Yes
Cusick
No
Glick
Yes
Malliotakis
Yes
Pretlow
Yes
Smullen
Yes
Aubry
Yes
Cymbrowitz
Yes
Goodell
Yes
Manktelow
No
Quart
Yes
Solages
Yes
Barclay
Yes
Davila
Yes
Gottfried
Yes
McDonald
Yes
Ra
Yes
Stec
Yes
Barnwell
Yes
De La Rosa
Yes
Griffin
Yes
McDonough
Yes
Raia
Yes
Steck
Yes
Barrett
Yes
DenDekker
Yes
Gunther
Yes
McMahon
Yes
Ramos
Yes
Stern
No
Barron
Yes
DeStefano
Yes
Hawley
Yes
Mikulin
Yes
Raynor
Yes
Stirpe
Yes
Benedetto
Yes
Dickens
ER
Hevesi
Yes
Miller B
Yes
Reilly
Yes
Tague
ER
Bichotte
Yes
Dilan
Yes
Hunter
Yes
Miller MG
Yes
Reyes
Yes
Taylor
Yes
Blake
Yes
Dinowitz
ER
Hyndman
Yes
Miller ML
Yes
Richardson
Yes
Thiele
Yes
Blankenbush
Yes
DiPietro
Yes
Jacobson
Yes
Montesano
Yes
Rivera
ER
Titus
Yes
Brabenec
Yes
D'Urso
Yes
Jaffee
Yes
Morinello
Yes
Rodriguez
Yes
Vanel
Yes
Braunstein
Yes
Eichenstein
ER
Jean-Pierre
Yes
Mosley
Yes
Romeo
Yes
Walczyk
Yes
Bronson
Yes
Englebright
Yes
Johns
Yes
Niou
Yes
Rosenthal D
Yes
Walker
Yes
Buchwald
Yes
Epstein
Yes
Jones
Yes
Nolan
Yes
Rosenthal L
Yes
Wallace
Yes
Burke
Yes
Fahy
Yes
Joyner
Yes
Norris
No
Rozic
Yes
Walsh
Yes
Buttenschon
Yes
Fall
Yes
Kim
Yes
O'Donnell
Yes
Ryan
Yes
Weinstein
Yes
Byrne
Yes
Fernandez
Yes
Kolb
Yes
Ortiz
Yes
Salka
Yes
Weprin
Yes
Byrnes
Yes
Finch
ER
Lalor
Yes
Otis
Yes
Santabarbara
Yes
Williams
Yes
Cahill
Yes
Fitzpatrick
Yes
Lavine
Yes
Palmesano
Yes
Sayegh
Yes
Woerner
Yes
Carroll
ER
Friend
Yes
Lawrence
Yes
Palumbo
Yes
Schimminger
Yes
Wright
Yes
Colton
Yes
Frontus
Yes
Lentol
Yes
Paulin
Yes
Schmitt
Yes
Zebrowski
Yes
Cook
Yes
Galef
Yes
Lifton
No
Peoples-Stokes
No
Seawright
Yes
Mr. Speaker
‡ Indicates voting via videoconference
A04079 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ 4079--B 2019-2020 Regular Sessions IN ASSEMBLY February 1, 2019 ___________ Introduced by M. of A. JOYNER, LUPARDO, VANEL, WILLIAMS, HYNDMAN, ORTIZ, D'URSO, LENTOL, ENGLEBRIGHT, CRESPO, ZEBROWSKI, JAFFEE, DICKENS, BRAUNSTEIN, MOSLEY, BARRON, GUNTHER, TAYLOR, RAMOS, ARROYO, LAVINE, PERRY, DenDEKKER, COOK, BARNWELL, BLAKE, DAVILA -- Multi-Sponsored by -- M. of A. DINOWITZ, EPSTEIN, HEVESI, SIMON -- read once and referred to the Committee on Governmental Employees -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the general municipal law and the retirement and social security law, in relation to increasing certain special accidental death benefits The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision c of section 208-f of the general municipal 2 law, as amended by chapter 179 of the laws of 2018, is amended to read 3 as follows: 4 c. Commencing July first, two thousand [eighteen] nineteen the special 5 accidental death benefit paid to a widow or widower or the deceased 6 member's children under the age of eighteen or, if a student, under the 7 age of twenty-three, if the widow or widower has died, shall be esca- 8 lated by adding thereto an additional percentage of the salary of the 9 deceased member (as increased pursuant to subdivision b of this section) 10 in accordance with the following schedule: 11 calendar year of death 12 of the deceased member per centum 13 1977 or prior [236%] 246.1% 14 1978 [226.2%] 236% 15 1979 [216.7%] 226.2% 16 1980 [207.5%] 216.7% 17 1981 [198.5%] 207.5% EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD07653-06-9A. 4079--B 2 1 1982 [189.8%] 198.5% 2 1983 [181.4%] 189.8% 3 1984 [173.2%] 181.4% 4 1985 [165.2%] 173.2% 5 1986 [157.5%] 165.2% 6 1987 [150.0%] 157.5% 7 1988 [142.7%] 150.0% 8 1989 [135.7%] 142.7% 9 1990 [128.8%] 135.7% 10 1991 [122.1%] 128.8% 11 1992 [115.7%] 122.1% 12 1993 [109.4%] 115.7% 13 1994 [103.3%] 109.4% 14 1995 [97.4%] 103.3% 15 1996 [91.6%] 97.4% 16 1997 [86.0%] 91.6% 17 1998 [80.6%] 86.0% 18 1999 [75.4%] 80.6% 19 2000 [70.2%] 75.4% 20 2001 [65.3%] 70.2% 21 2002 [60.5%] 65.3% 22 2003 [55.8%] 60.5% 23 2004 [51.3%] 55.8% 24 2005 [46.9%] 51.3% 25 2006 [42.6%] 46.9% 26 2007 [38.4%] 42.6% 27 2008 [34.4%] 38.4% 28 2009 [30.5%] 34.4% 29 2010 [26.7%] 30.5% 30 2011 [23.0%] 26.7% 31 2012 [19.4%] 23.0% 32 2013 [15.9%] 19.4% 33 2014 [12.6%] 15.9% 34 2015 [9.3%] 12.6% 35 2016 [6.1%] 9.3% 36 2017 [3.0%] 6.1% 37 2018 [0.0%] 3.0% 38 2019 0.0% 39 § 2. Subdivision c of section 361-a of the retirement and social secu- 40 rity law, as amended by chapter 179 of the laws of 2018, is amended to 41 read as follows: 42 c. Commencing July first, two thousand [eighteen] nineteen the special 43 accidental death benefit paid to a widow or widower or the deceased 44 member's children under the age of eighteen or, if a student, under the 45 age of twenty-three, if the widow or widower has died, shall be esca- 46 lated by adding thereto an additional percentage of the salary of the 47 deceased member, as increased pursuant to subdivision b of this section, 48 in accordance with the following schedule: 49 calendar year of death 50 of the deceased member per centum 51 1977 or prior [236%] 246.1% 52 1978 [226.2%] 236% 53 1979 [216.7%] 226.2% 54 1980 [207.5%] 216.7% 55 1981 [198.5%] 207.5% 56 1982 [189.8%] 198.5%A. 4079--B 3 1 1983 [181.4%] 189.8% 2 1984 [173.2%] 181.4% 3 1985 [165.2%] 173.2% 4 1986 [157.5%] 165.2% 5 1987 [150.0%] 157.5% 6 1988 [142.7%] 150.0% 7 1989 [135.7%] 142.7% 8 1990 [128.8%] 135.7% 9 1991 [122.1%] 128.8% 10 1992 [115.7%] 122.1% 11 1993 [109.4%] 115.7% 12 1994 [103.3%] 109.4% 13 1995 [97.4%] 103.3% 14 1996 [91.6%] 97.4% 15 1997 [86.0%] 91.6% 16 1998 [80.6%] 86.0% 17 1999 [75.4%] 80.6% 18 2000 [70.2%] 75.4% 19 2001 [65.3%] 70.2% 20 2002 [60.5%] 65.3% 21 2003 [55.8%] 60.5% 22 2004 [51.3%] 55.8% 23 2005 [46.9%] 51.3% 24 2006 [42.6%] 46.9% 25 2007 [38.4%] 42.6% 26 2008 [34.4%] 38.4% 27 2009 [30.5%] 34.4% 28 2010 [26.7%] 30.5% 29 2011 [23.0%] 26.7% 30 2012 [19.4%] 23.0% 31 2013 [15.9%] 19.4% 32 2014 [12.6%] 15.9% 33 2015 [9.3%] 12.6% 34 2016 [6.1%] 9.3% 35 2017 [3.0%] 6.1% 36 2018 [0.0%] 3.0% 37 2019 0.0% 38 § 3. This act shall take effect July 1, 2019. FISCAL NOTE.--Pursuant to Legislative Law, Section 50: This bill would amend both the General Municipal Law and the Retire- ment and Social Security Law to increase the salary used in the computa- tion of the special accidental death benefit by 3% in cases where the date of death was before 2019. Insofar as this bill would amend the Retirement and Social Security Law, it is estimated that there would be an additional annual cost of approximately $547,000 above the approximately $12.5 million current annual cost of this benefit. This cost would be shared by the State of New York and all participating employers of the New York State and Local Police and Fire Retirement System. Summary of relevant resources: The membership data used in measuring the impact of the proposed change was the same as that used in the March 31, 2018 actuarial valu- ation. Distributions and other statistics can be found in the 2018 Report of the Actuary and the 2018 Comprehensive Annual Financial Report.A. 4079--B 4 The actuarial assumptions and methods used are described in the 2015, 2016, 2017 and 2018 Annual Report to the Comptroller on Actuarial Assumptions, and the Codes, Rules and Regulations of the State of New York: Audit and Control. The Market Assets and GASB Disclosures are found in the March 31, 2018 New York State and Local Retirement System Financial Statements and Supplementary Information. I am a member of the American Academy of Actuaries and meet the Quali- fication Standards to render the actuarial opinion contained herein. This fiscal note does not constitute a legal opinion on the viability of the proposed change nor is it intended to serve as a substitute for the professional judgment of an attorney. This estimate, dated January 24, 2019, and intended for use only during the 2019 Legislative Session, is Fiscal Note No. 2019-38, prepared by the Actuary for the New York State and Local Retirement System. FISCAL NOTE.--Pursuant to Legislative Law, Section 50: SUMMARY OF BILL: This proposed legislation would amend General Munici- pal Law (GML) Section 208-f(c) to increase certain Special Accidental Death Benefits (SADB) for surviving spouses, dependent children, and certain other individuals (Eligible Beneficiaries) of former uniformed employees of the City of New York and the New York City Health and Hospitals Corporation, and for certain former employees of the Tribor- ough Bridge and Tunnel Authority, who were members of certain New York City Pension Funds or Retirement Systems (NYCRS) and died as a natural and proximate result of an accident sustained in the performance of duty. Effective Date: July 1, 2019. BACKGROUND: Under the GML, the basic SADB is defined as: The salary of the deceased member at date of death (or, in certain instances, a greater salary based on a higher rank or other status)(Final Salary), less the following payments to an Eligible Bene- ficiary: * Any NYCRS death benefit as adjusted by any Supplementation or Cost- of-Living Adjustment (COLA), * Any Social Security death benefit, and * Any Workers' Compensation benefit. The SADB is paid to the deceased member's surviving spouse, if alive. If the spouse is no longer alive, the SADB is paid to the deceased member's children until age eighteen or until age twenty-three if a student. If neither a spouse nor a dependent child is alive, the SADB may be paid to certain other individuals, if eligible, in accordance with certain laws related to the World Trade Center attack. The GML also provides that the SADB is subject to escalation based on the calendar year in which the former member died. The SADB has tradi- tionally been increased by a cumulative, incremental percentage of Final Salary based on the calendar year of the member's death. IMPACT ON BENEFITS: With respect to the NYCRS, the proposed legis- lation would impact the SADB payable to certain survivors of members of the: * New York City Employees' Retirement System (NYCERS), * New York City Police Pension Fund (POLICE), or * New York City Fire Pension Fund (FIRE), and who were employed by one of the following employers in certain positions: * New York City Police Department - Uniformed Position,A. 4079--B 5 * New York City Fire Department - Uniformed Position, * New York City Department of Sanitation - Uniformed Position, * New York City Housing Authority - Uniformed Position, * New York City Transit Authority - Uniformed Position, * New York City Department of Correction - Uniformed Position, * New York City - Uniformed Position as Emergency Medical Technician (EMT), * New York City Health and Hospitals Corporation - Uniformed Position as EMT, or * Triborough Bridge and Tunnel Authority - Bridge and Tunnel Position. Under the proposed legislation, effective July 1, 2019, an additional 3.0% of Final Salary would be applied to the SADB paid due to deaths occurring in each calendar year on and after 1977. The SADB for deaths occurring prior to 1977 would receive the same escalation as deaths occurring in 1977. FINANCIAL IMPACT - PRESENT VALUES: Based on the Eligible Beneficiaries of deceased NYCRS members who would be impacted by this proposed legis- lation and the actuarial assumptions and methods described herein, the enactment of this proposed legislation would increase the Present Value of Future Benefits (PVFB) by approximately $49.2 million. FINANCIAL IMPACT - ANNUAL EMPLOYER CONTRIBUTIONS: As a result of the past four decades' practice of providing 3.0% COLAs on the SADB each year, and the likelihood that COLAs will continue to be granted in the future, the Actuary assumes that the SADB benefit will continue to increase 3% per year in the future in determining the NYCRS employer contributions. Therefore, the costs of this proposed legislation have already been accounted for and will not result in a further increase in employer contributions. There will, however, be a decrease in employer contributions if the proposed legislation is not enacted. In accordance with Administrative Code of the City of New York (ACCNY) Section 13-638.2(k-2), new Unfunded Accrued Liability attributable to benefit changes are to be amortized as determined by the Actuary but generally over the remaining working lifetime of those impacted by the benefit changes. However, since changes in the SADB COLA paid are not known in advance, the decrease in expected pension payments due to this legislation not passing would be treated as an actuarial gain. These actuarial gains would be amortized over a 15-year period (14 payments under the One-Year Lag Methodology (OYLM)) using level dollar payments. This would result in a decrease in NYCRS annual employer contributions of approximately $5.8 million each year. OTHER COSTS: Not measured in this Fiscal Note are the following: * The initial, additional administrative costs of NYCERS, POLICE, and FIRE and other New York City agencies to implement the proposed legis- lation. CONTRIBUTION TIMING: For the purposes of this Fiscal Note, it is assumed that the changes in the PVFB and annual employer contributions if this proposed legislation fails to pass, would be reflected for the first time in the Final June 30, 2020 actuarial valuations of NYCERS, POLICE, and FIRE. In accordance with the OYLM used to determine employer contributions, the decrease in employer contritions would first be reflected in Fiscal Year 2022. CENSUS DATA: The estimates presented herein are based on upon the census data for such Eligible Beneficiaries provided by the NYCRS. Retirement System Number of Decreased Annual Accidental Members with Death BenefitA. 4079--B 6 Eligible Survivors Prior to Proposed July 1, 2019 Increase ($ Millions) NYCERS 39 $ 3.1 POLICE 398 44.0 FIRE 631 74.1 Total 1,068 $121.2 ACTUARIAL ASSUMPTIONS AND METHODS: The changes in the PVFB and annual employer contributions presented herein have been calculated based on the actuarial assumptions and methods in effect for the June 30, 2018 (Lag) actuarial valuations used to determine the Preliminary Fiscal Year 2020 employer contributions of NYCERS, POLICE, and FIRE. RISK AND UNCERTAINTY: The costs presented in this Fiscal Note depend highly on the actuarial assumptions and methods used and are subject to change based on the realization of potential investment, demographic, contribution, and other risks. If actual experience deviates from actu- arial assumptions, the actual costs could differ from those presented herein. Costs are also dependent on the actuarial methods used, and therefore different actuarial methods could produce different results. Quantifying these risks is beyond the scope of this Fiscal Note. STATEMENT OF ACTUARIAL OPINION: I, Sherry S. Chan, am the Chief Actu- ary for, and independent of, the New York City Retirement Systems and Pension Funds. I am a Fellow of the Society of Actuaries, an Enrolled Actuary under the Employee Retirement Income and Security Act of 1974, a Member of the American Academy of Actuaries, and a Fellow of the Confer- ence of Consulting Actuaries. I meet the Qualification Standards of the American Academy of Actuaries to render the actuarial opinion contained herein. To the best of my 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 2019-21 dated May 17, 2019 was prepared by the Chief Actuary for the New York City Employees' Retirement System, the New York City Police Pension Fund, and New York City Fire Pension Fund. This estimate is intended for use only during the 2019 Legislative Session.