S 7740: Authorizes Olivia Rae Salta, the daughter of Dawn Jimenez-Salta, to file a new service retirement application and option election form with the New York state and local employees' retirement system on behalf of her deceased mother.

  
  STATE OF NEW YORK ________________________________________________________________________ 7740 2025-2026 Regular Sessions  IN SENATE May 2, 2025 ___________ Introduced by Sen. PERSAUD -- read twice and ordered printed, and when printed to be committed to the Committee on Civil Service and Pensions AN ACT to authorize Olivia Rae Salta, the daughter of Dawn Jimenez-Sal- ta, to file a new service retirement application and option election form with the New York state and local employees' retirement system on behalf of her deceased mother The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Short title. This act shall be known and may be cited as 2 the "Dawn Jimenez-Salta act". 3 § 2. Notwithstanding any other provision of law to the contrary, 4 Olivia Rae Salta, the daughter of Dawn Jimenez-Salta, who was a member 5 of the unified court system and member of the New York state and local 6 employees' retirement system, who died on October 20, 2024 from trauma 7 prior to filing for retirement, shall be authorized to file a new 8 service retirement application and an option election form on behalf of 9 her deceased mother with a joint allowance full option, if, within one 10 year from the effective date of this act, she shall submit a request 11 therefor to the state comptroller. In addition, her date of retirement 12 shall be deemed to have been October 19, 2024. Once such application is 13 received, any rights or benefits to the pre-retirement ordinary death 14 benefit payable upon the death of a member in service pursuant to 15 section 448 of the retirement and social security law shall be waived. 16 Any amounts paid by the New York state and local employees' retirement 17 system as the result of the death of Dawn Jimenez-Salta prior to the 18 filing of the request for a service retirement benefit pursuant to this 19 section shall be deducted from the service retirement benefit payable on 20 an actuarially equivalent basis over the expected future lifetime of 21 Olivia Rae Salta. 22 § 3. Any additional costs for this act shall be paid by the state of 23 New York. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11106-03-5 
 S. 7740 2 1 § 4. This act shall take effect immediately. FISCAL NOTE.--Pursuant to Legislative Law, Section 50: This bill would authorize Olivia Rae Salta, the daughter of deceased member Dawn Jimenez-Salta, to file a new service retirement application and option election form with the New York State and Local Employees' Retirement System (NYSLERS). The date of retirement will be October 19, 2024, one day prior to the date of death of Dawn Jimenez-Salta. The option election will be a joint allowance full. Any ordinary death bene- fit paid by NYSLERS prior to the filing of a new service retirement application will be deducted from the benefits payable under this legis- lation. If this bill is enacted during the 2025 Legislative Session, there will be an immediate past service cost of approximately $1,000,000 which 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 April 9, 2025, and intended for use only during the 2025 Legislative Session, is Fiscal Note No. 2025-144. As Chief Actuary of the New York State and Local Retirement System, I, Aaron Schottin Young, hereby certify that this analysis complies with applica- ble 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.