NY A10558

Authorizes Judy A. Lynch, widow of deceased New York state and local employees' retirement system member James G. Lynch, to file a new service retirement application and option election form on his behalf with a joint allowance full option

Deems James G. Lynch's retirement date as June 12, 2016, notwithstanding his death on June 13, 2016, and requires the widow to submit the request to the state comptroller within one year of the act's effective date

Waives any rights or benefits to the pre-retirement ordinary death benefit under section 448 of the retirement and social security law upon filing the retirement application

Requires deduction of all amounts previously paid by the retirement system to any beneficiary of James G. Lynch from the service retirement benefit payable thereafter

Establishes a one-time state cost of approximately $593,000 to be paid by New York, with payment assumed on March 1, 2025, and takes effect immediately