Bill Text: NY S05901 | 2019-2020 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relates to providing cost-of-living adjustments; increases benefits from fifty to one hundred percent.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-06-26 - PRINT NUMBER 5901E [S05901 Detail]

Download: New_York-2019-S05901-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          5901

                               2019-2020 Regular Sessions

                    IN SENATE

                                      May 16, 2019
                                       ___________

        Introduced by Sen. GOUNARDES -- read twice and ordered printed, and when
          printed to be committed to the Committee on Civil Service and Pensions

        AN  ACT  to  amend the retirement and social security law, the education
          law and the administrative code of the city of New York,  in  relation
          to providing cost-of-living adjustments

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Subdivision g of section 78-a of the retirement and  social
     2  security law, as added by chapter 125 of the laws of 2000, is amended to
     3  read as follows:
     4    g. Notwithstanding any other provision of law, effective the first day
     5  of  September,  two  thousand twenty, the surviving spouse of a deceased
     6  retired member who retired under an option which provides that  benefits
     7  are  to be continued for life to the surviving spouse after the death of
     8  the retired member, shall be entitled to receive  benefits  pursuant  to
     9  this  section. Said benefits shall be [fifty] one hundred percent of the
    10  monthly benefits which the pensioner would be receiving pursuant to this
    11  section if living, and shall commence (i) with a payment for  the  month
    12  of September, two thousand twenty, or (ii) the month following the death
    13  of the deceased retired member, whichever is later.
    14    § 2. Subdivision g of section 378-a of the retirement and social secu-
    15  rity  law,  as  added  by chapter 125 of the laws of 2000, is amended to
    16  read as follows:
    17    g. Notwithstanding any other provision of law, effective the first day
    18  of September, two thousand twenty, the surviving spouse  of  a  deceased
    19  retired  member who retired under an option which provides that benefits
    20  are to be continued for life to the surviving spouse after the death  of
    21  the  retired  member,  shall be entitled to receive benefits pursuant to
    22  this section. Said benefits shall be [fifty] one hundred percent of  the
    23  monthly benefits which the pensioner would be receiving pursuant to this
    24  section  if  living, and shall commence (i) with a payment for the month

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08641-01-9
        S. 5901                             2

     1  of September, two thousand twenty, or (ii) the month following the death
     2  of the deceased retired member, whichever is later.
     3    §  3. Subdivision g of section 532-a of the education law, as added by
     4  chapter 125 of the laws of 2000, is amended to read as follows:
     5    g. Notwithstanding any other provision of law, effective the first day
     6  of September, two thousand twenty, the surviving spouse  of  a  deceased
     7  retired  member who retired under an option which provides that benefits
     8  are to be continued for life to the surviving spouse after the death  of
     9  the  retired  member,  shall be entitled to receive benefits pursuant to
    10  this section. Said benefits shall be [fifty] one hundred percent of  the
    11  monthly benefits which the pensioner would be receiving pursuant to this
    12  section  if  living, and shall commence (i) with a payment for the month
    13  of September, two thousand twenty, or (ii) the month following the death
    14  of the deceased retired member, whichever is later.
    15    § 4. Subdivision g of section 13-696 of the administrative code of the
    16  city of New York, as added by chapter  125  of  the  laws  of  2000,  is
    17  amended to read as follows:
    18    g. Notwithstanding any other provision of law, effective the first day
    19  of  September,  two  thousand twenty, the surviving spouse of a deceased
    20  retired member of the New York city employees'  retirement  system,  the
    21  New  York  city  teachers'  retirement  system, the New York city police
    22  pension fund, the New York city fire department pension fund or the  New
    23  York  city  board  of  education  retirement system who retired under an
    24  option which provides that benefits are to be continued for life to  the
    25  surviving  spouse  after  the  death of the member, shall be entitled to
    26  receive a benefit pursuant  to  this  section.  Said  benefit  shall  be
    27  [fifty]  one  hundred percent of the monthly benefit which the pensioner
    28  would be receiving if living, and shall commence (i) with a payment  for
    29  the month of September, two thousand twenty, or (ii) the month following
    30  the death of the deceased retired member, whichever is later.
    31    § 5. This act shall take effect immediately.