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NY A05629
Bill
Status
3/20/2023
Primary Sponsor
Karines Reyes
Click for details
AI Summary
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Allows retired members to change their option election or designate a new beneficiary if their current beneficiary has been convicted of a family offense as defined in Family Court Act Section 812 or Criminal Procedure Law Section 530.11, provided the retired member is the complainant.
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Provides a 180-day window from the date of the beneficiary's conviction for retired members to submit a written request to change their election or designate a new beneficiary to the retirement system.
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Requires the comptroller, in consultation with the Division of Criminal Justice Services and the New York State Office for the Prevention of Domestic Violence, to ensure retired members are notified of these provisions.
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Authorizes the comptroller to promulgate rules and regulations necessary for implementation.
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Applies to multiple retirement systems including those governed by the Retirement and Social Security Law (Articles 2 and 8), the Education Law (Article 19), and several New York City retirement systems under the Administrative Code.
Legislative Description
Permits a retired member to change his or her option election or designate a new beneficiary where the beneficiary has been convicted of a family offense.
Last Action
referred to governmental employees
1/3/2024