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NY S05936
Bill
Status
6/17/2016
Primary Sponsor
Patricia Ritchie
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AI Summary
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Amends the retirement and social security law to provide enhanced death benefits for members employed by the Department of Corrections and Community Supervision who would have been eligible for service retirement at the time of death.
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Allows beneficiaries to elect a lump-sum payment equal to either the pension reserve that would have been established if the member retired on the date of death, or the value of the death benefit and reserve-for-increased-take-home-pay, whichever is greater.
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Applies to deaths occurring on or after July 1, 2016.
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Modifies section 448 and section 508 of the retirement and social security law.
Legislative Description
Relates to death benefits for certain members under the jurisdiction of the department of corrections and community supervision.
Last Action
referred to ways and means
6/17/2016