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NY A05898
Bill
Status
2/24/2025
Primary Sponsor
Yudelka Tapia
Click for details
AI Summary
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Allows beneficiaries of state-paid judges and justices who die while eligible for service retirement to elect a lump sum death benefit equal to the pension reserve (as if the member had retired on their date of death) or the standard death benefit, whichever is greater
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Applies to judges and justices of the unified court system, retired Court of Appeals judges or Supreme Court justices serving under certification, and housing judges of the NYC Civil Court
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Adds identical provisions to three sections of the Retirement and Social Security Law (sections 63-j, 508-d, and 606-d) covering different retirement system tiers
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Requires the State of New York to pay all past service costs, with an immediate cost of approximately $4.85 million (or $619,000 annually if amortized over 10 years) plus ongoing annual costs of approximately $287,000
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Affects approximately 1,153 state-employed judges and justices with combined annual salaries of about $228 million
Legislative Description
Permits an eligible retirement system member to receive, in lieu of an ordinary death benefit, a death benefit such member would otherwise be entitled to receive provided such member is a state-paid judge or justice of the unified court system or a housing judge of the civil court of the city of New York.
Last Action
substituted by s5083
6/11/2025