New York A 7609: Relates to disability retirement benefits for Dennis Malone, a participant in World Trade Center rescue, recovery, and cleanup operations

Bill Text

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A07609 Summary:

BILL NOA07609 

&nbsp

SAME ASSAME AS S06860

&nbsp

SPONSORCarroll P

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

&nbsp

Entitles Dennis Malone, an employee of the Town of Clarkstown who retired from such service on August 16, 2018, and who participated in the World Trade Center rescue, recovery and cleanup operations to a 75% accidental disability retirement benefit.

Go to top A07609 Actions:

BILL NOA07609 

&nbsp

04/01/2025referred to governmental employees

01/07/2026referred to governmental employees

Go to topA07609 Committee&nbspVotes:

Go to topA07609 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA07609 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7609

 2025-2026 Regular Sessions

 IN ASSEMBLY

 April 1, 2025
 ___________

 Introduced by M. of A. P. CARROLL -- read once and referred to the
 Committee on Governmental Employees

 AN ACT relating to disability retirement benefits for Dennis Malone, a
 participant in World Trade Center rescue, recovery, and cleanup oper-
 ations

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Notwithstanding any other law to the contrary, Dennis
 2 Malone, an employee of the Town of Clarkstown who retired from such
 3 service on August 16, 2018, and who participated in the World Trade
 4 Center rescue, recovery and cleanup operations transporting officers to
 5 ground zero during clean up, shall be entitled to a 75% accidental disa-
 6 bility retirement benefit pursuant to paragraph 4 of subdivision d of
 7 section 605 of the retirement and social security law based upon the
 8 determination by the New York state and local employees' retirement
 9 system that Dennis Malone was permanently incapacitated for the perform-
 10 ance of his duties as a result of his participation in the World Trade
 11 Center rescue, recovery, or cleanup operations. Such benefit shall be
 12 payable from the date of his retirement.
 13 § 2. All costs associated with implementing this act shall be borne by
 14 the state of New York.
 15 § 3. This act shall take effect immediately.
 FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
 This bill would provide Dennis Malone, a service retiree of the New
 York State and Local Employees Retirement System, an accidental disabil-
 ity benefit equal to 75 percent of final average salary, because of
 their participation in the World Trade Center rescue, recovery and
 cleanup operations. Their retirement benefit would be recalculated, and
 payment would be made retroactive to the date of retirement.
 If this bill is enacted during the 2025 Legislative Session, there
 will be an immediate past service cost of approximately $648,000 which

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09053-02-5

 A. 7609 2

 will be borne by the State of New York as a one-time payment. This esti-
 mate assumes that payment will be made on March 1, 2026.
 Summary of relevant resources:
 Membership data as of March 31, 2024 was used in measuring the impact
 of the proposed change, the same data used in the April 1, 2024 actuari-
 al valuation. Distributions and other statistics can be found in the
 2024 Report of the Actuary and the 2024 Annual Comprehensive Financial
 Report. The actuarial assumptions and methods used are described in the
 2024 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, 2024 New York State and Local Retirement System Financial Statements
 and Supplementary Information.
 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 20, 2025, and intended for use only
 during the 2025 Legislative Session, is Fiscal Note No. 2025-69. As
 Chief Actuary of the New York State and Local Retirement System, I,
 Aaron Schottin Young, hereby certify that this analysis complies with
 applicable Actuarial Standards of Practice as well as the Code of
 Professional