NY A07825

Deems deceased Peter Sistrom, former Metropolitan Transportation Authority employee with over 28 years of public service and age 65+, eligible for service retirement benefits despite dying on September 10, 2021.

Authorizes Peter Sistrom's spouse to file a service retirement application on his behalf within one year of the act's effective date, with a retirement effective date of September 9, 2021.

Allows the spouse to elect a joint allowance full option benefit with herself as beneficiary, with all benefits retroactive to September 9, 2021.

Requires any ordinary death benefits previously paid to the spouse to be deducted from the pension reserve and pension payable under this act.

Mandates the Metropolitan Transportation Authority bear all past service costs, estimated at approximately $1.01 million as a one-time payment by February 1, 2024.