Let Vassallo Reapply for Disability

Section 1. Notwithstanding any other provision of law, Robert V. Vassallo, Sr., who was employed as a correction officer with the department of correctional services for the state of New York for approximately one year beginning in 1968, and who was employed as a correction officer with the department of correction for the city of New York for approximately one year until September 10, 1970, and who was employed as a police officer with the New York state parkway police for the period beginning September 10, 1970 and ending January 1, 1980, and who was employed as a trooper with the New York state police for the period beginning January 1, 1980 and ending March 1, 1990, and who was employed as an investigator in the bureau of criminal investigation with the New York state police for the period beginning March 1, 1990 and ending September 13, 1997, and who, on January 14, 1991, was critically injured in an automobile accident while working undercover in an unmarked police car, and, as a result of such critical injuries has been unable to return to work with the New York state police, and who, for reasons not ascribable to his own negligence, has been denied a disability retirement from the New York state police, and who, as of the effective date of this act, is on regular service retirement, shall be entitled to reapply for a disability retirement from the New York state police if on

EXPLANATION--Matter in italics (underscored) is new; matter in brackets

[ ] is old law to be omitted.

LBD06853-07-8

S. 5084--A 2

or before December 31, 2019, he files a written request with the state comptroller to that effect.

§ 2. This act shall take effect immediately.

Fiscal Note.-- Pursuant to Legislative Law, Section 50:

This bill would entitle Robert V. Vassallo, Sr., a service retiree who

was formerly employed as a police officer with the New York State

Police, to file an application to receive a disability benefit from the

New York State and Local Police and Fire Retirement System instead of

his current service retirement benefit.

If this bill is enacted, there will be no increase in the annual bene-

fit paid by the System. Therefore, there would be no cost to the 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, 2017 actuarial valu-

ation. Distributions and other statistics can be found in the 2017

Report of the Actuary and the 2017 Comprehensive Annual Financial

Report.

The actuarial assumptions and methods used are described in the 2015,

2016, and 2017 Annual Report to the Comptroller on Actuarial Assump-

tions, 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, 2017

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 estimate, dated January 31, 2018, and intended for use only

during the 2018 Legislative Session, is Fiscal Note No. 2018-54,

prepared by the Actuary for the New York State and Local Retirement

System.