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NY A06117
Bill
Status
4/3/2023
Primary Sponsor
William Conrad
Click for details
AI Summary
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Allows New York State Teachers' Retirement System (NYSTRS) retirees to designate or change their spouse as a beneficiary at any time before or after retirement, removing the previous 30-day deadline restriction for spouse designations.
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Applies to members retired for service with a deferred retirement allowance, permitting spouse beneficiary changes outside the standard 30-day window following retirement.
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Applies to members retired for disability, permitting spouse beneficiary changes at any time before or after the disability retirement date, outside the standard 30-day window.
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Takes effect immediately upon enactment.
Legislative Description
Allows for NYSTRS retirees to change their retirement plan beneficiary to a spouse at any time either prior to or after retirement.
Last Action
referred to governmental employees
1/3/2024