Loading chat...
NY A03416
Bill
Status
Introduced
1/27/2025
Primary Sponsor
William Conrad
Click for details
AI Summary
- Allows New York State Teachers' Retirement System (NYSTRS) members to designate or change their spouse as a beneficiary at any time before or after retirement
- Removes the current 30-day deadline restriction for spouse beneficiary designations that applies to service retirees and those with deferred retirement allowances
- Extends the same spouse beneficiary flexibility to members retired for disability, eliminating the 30-day post-approval or post-retirement deadline for spouse designations
- Amends Section 539 of the Education Law, which was originally added in 2002
- Takes effect immediately upon passage
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
1/7/2026
Committee Referrals
Governmental Employees1/27/2025
Full Bill Text
No bill text available