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NY A10355
Bill
Status
2/26/2026
Primary Sponsor
Yudelka Tapia
Click for details
AI Summary
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Allows beneficiaries of state-paid judges, justices of the unified court system, and NYC housing judges to elect a lump-sum death benefit equal to the pension reserve (as if the member had retired on their death date) instead of the standard ordinary death benefit
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Applies to eligible retirement system members who would have been entitled to a service retirement benefit at the time of death
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Beneficiaries receive whichever amount is greater: the pension reserve value or the standard death benefit plus reserve-for-increased-take-home-pay
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Amends three sections of the Retirement and Social Security Law (adding sections 63-j, 508-d, and 606-d) to cover different retirement system tiers
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Creates an estimated $310,000 annual cost increase to the state beginning FYE 2027, plus a one-time past service cost of $4.17 million (which may be amortized over 10 years at $532,000 annually)
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
referred to governmental employees
2/26/2026