Loading chat...
NY S06258
Bill
Status
6/6/2025
Primary Sponsor
James Skoufis
Click for details
AI Summary
-
Allows New York State Teachers' Retirement System (NYSTRS) members to designate their spouse as a beneficiary at any time before or after retirement, removing the current 30-day deadline
-
Applies to both service retirees and those receiving deferred retirement allowances
-
Extends the same flexibility to disability retirees, permitting spouse beneficiary designation at any time rather than within 30 days of retirement or approval
-
Amends Section 539 of the Education Law, specifically subdivision 6 regarding option selection filing requirements
-
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
ADVANCED TO THIRD READING
2/3/2026