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NY S08658
Bill
Status
7/23/2020
Primary Sponsor
Monica Martinez
Click for details
AI Summary
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Permits Marie Glarakis, a Suffolk County Police Department retiree receiving performance of duty disability retirement, to change her retirement option from "Joint allowance" to "Single life allowance" (Option 0) with no designated beneficiary.
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Requires Marie Glarakis to submit a request for the change to the state comptroller within six months of the act's effective date.
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Recalculates her retirement benefit amount, payable as of the effective date of the act, with all payments ceasing upon her death.
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Establishes an immediate past service cost of approximately $49,700, shared by the State of New York and all participating employers in the Police and Fire Retirement System.
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Takes effect immediately upon enactment.
Legislative Description
Authorizes Marie Glarakis, a former Suffolk county police officer who is receiving a performance of duty disability retirement, to change the designated beneficiary of her retirement benefits and her retirement option to single life allowance (Option O).
Last Action
referred to governmental employees
7/23/2020