A10018 Summary:

BILL NOA10018
 
SAME ASNo Same As
 
SPONSORJoyner
 
COSPNSRButtenschon, Rosenthal L, Fall, Gottfried, Stern, Englebright, Cruz, Reilly, DeStefano, Montesano, Blankenbush, Crouch
 
MLTSPNSRTaylor
 
Amd 208-f, Gen Muni L; amd 361-a, R & SS L
 
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.
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A10018 Actions:

BILL NOA10018
 
03/04/2020referred to governmental employees
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A10018 Committee Votes:

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A10018 Floor Votes:

There are no votes for this bill in this legislative session.
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A10018 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          10018
 
                   IN ASSEMBLY
 
                                      March 4, 2020
                                       ___________
 
        Introduced by M. of A. JOYNER -- read once and referred to the Committee
          on Governmental Employees
 
        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 382 of the laws of 2019, is amended to read
     3  as follows:
     4    c. Commencing July first, two thousand [nineteen] twenty  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                  [246.1%] 256.5%
    14            1978                           [236%] 246.1%
    15            1979                           [226.2%] 236%
    16            1980                           [216.7%] 226.2%
    17            1981                           [207.5%] 216.7%
    18            1982                           [198.5%] 207.5%
    19            1983                           [189.8%] 198.5%
    20            1984                           [181.4%] 189.8%
    21            1985                           [173.2%] 181.4%
    22            1986                           [165.2%] 173.2%
    23            1987                           [157.5%] 165.2%
    24            1988                           [150.0%] 157.5%
    25            1989                           [142.7%] 150.0%
    26            1990                           [135.7%] 142.7%
    27            1991                           [128.8%] 135.7%
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14957-03-0

        A. 10018                            2
 
     1            1992                           [122.1%] 128.8%
     2            1993                           [115.7%] 122.1%
     3            1994                           [109.4%] 115.7%
     4            1995                           [103.3%] 109.4%
     5            1996                            [97.4%] 103.3%
     6            1997                            [91.6%] 97.4%
     7            1998                            [86.0%] 91.6%
     8            1999                            [80.6%] 86.0%
     9            2000                            [75.4%] 80.6%
    10            2001                            [70.2%] 75.4%
    11            2002                            [65.3%] 70.2%
    12            2003                            [60.5%] 65.3%
    13            2004                            [55.8%] 60.5%
    14            2005                            [51.3%] 55.8%
    15            2006                            [46.9%] 51.3%
    16            2007                            [42.6%] 46.9%
    17            2008                            [38.4%] 42.6%
    18            2009                            [34.4%] 38.4%
    19            2010                            [30.5%] 34.4%
    20            2011                            [26.7%] 30.5%
    21            2012                            [23.0%] 26.7%
    22            2013                            [19.4%] 23.0%
    23            2014                            [15.9%] 19.4%
    24            2015                            [12.6%] 15.9%
    25            2016                             [9.3%] 12.6%
    26            2017                             [6.1%] 9.3%
    27            2018                             [3.0%] 6.1%
    28            2019                             [0.0%] 3.0%
    29            2020                             0.0%
    30    § 2. Subdivision c of section 361-a of the retirement and social secu-
    31  rity  law,  as amended by chapter 382 of the laws of 2019, is amended to
    32  read as follows:
    33    c. Commencing July first, two thousand [nineteen] twenty  the  special
    34  accidental  death  benefit  paid  to  a widow or widower or the deceased
    35  member's children under the age of eighteen or, if a student, under  the
    36  age  of  twenty-three,  if the widow or widower has died, shall be esca-
    37  lated by adding thereto an additional percentage of the  salary  of  the
    38  deceased member, as increased pursuant to subdivision b of this section,
    39  in accordance with the following schedule:
    40       calendar year of death
    41       of the deceased member              per centum
    42            1977 or prior                    [246.1%] 256.5%
    43            1978                             [236%] 246.1%
    44            1979                             [226.2%] 236%
    45            1980                             [216.7%] 226.2%
    46            1981                             [207.5%] 216.7%
    47            1982                             [198.5%] 207.5%
    48            1983                             [189.8%] 198.5%
    49            1984                             [181.4%] 189.8%
    50            1985                             [173.2%] 181.4%
    51            1986                             [165.2%] 173.2%
    52            1987                             [157.5%] 165.2%
    53            1988                             [150.0%] 157.5%
    54            1989                             [142.7%] 150.0%
    55            1990                             [135.7%] 142.7%
    56            1991                             [128.8%] 135.7%

        A. 10018                            3
 
     1            1992                             [122.1%] 128.8%
     2            1993                             [115.7%] 122.1%
     3            1994                             [109.4%] 115.7%
     4            1995                             [103.3%] 109.4%
     5            1996                              [97.4%] 103.3%
     6            1997                              [91.6%] 97.4%
     7            1998                              [86.0%] 91.6%
     8            1999                              [80.6%] 86.0%
     9            2000                              [75.4%] 80.6%
    10            2001                              [70.2%] 75.4%
    11            2002                              [65.3%] 70.2%
    12            2003                              [60.5%] 65.3%
    13            2004                              [55.8%] 60.5%
    14            2005                              [51.3%] 55.8%
    15            2006                              [46.9%] 51.3%
    16            2007                              [42.6%] 46.9%
    17            2008                              [38.4%] 42.6%
    18            2009                              [34.4%] 38.4%
    19            2010                              [30.5%] 34.4%
    20            2011                              [26.7%] 30.5%
    21            2012                              [23.0%] 26.7%
    22            2013                              [19.4%] 23.0%
    23            2014                              [15.9%] 19.4%
    24            2015                              [12.6%] 15.9%
    25            2016                               [9.3%] 12.6%
    26            2017                               [6.1%] 9.3%
    27            2018                               [3.0%] 6.1%
    28            2019                               [0.0%] 3.0%
    29            2020                               0.0%
    30    § 3. This act shall take effect July 1, 2020.
          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 2020.
          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  $606,000  above  the  approximately $13.6 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, 2019  actuarial  valu-
        ation.    Distributions  and  other  statistics can be found in the 2019
        Report of the  Actuary  and  the  2019  Comprehensive  Annual  Financial
        Report.
          The  actuarial assumptions and methods used are described in the 2015,
        2016, 2017, 2018, and 2019 Annual Report to the Comptroller on Actuarial
        Assumptions, and the Codes, Rules and Regulations of the  State  of  New
        York: Adult and Control.
          The Market Assets and GASB Disclosures are found in the March 31, 2019
        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.

        A. 10018                            4
 
          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  February  24,  2020, and intended for use only
        during the  2020  Legislative  Session,  is  Fiscal  Note  No.  2020-57,
        prepared  by  the  Actuary  for  the New York State and Local Retirement
        System.
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