Bill Text: NY S05936 | 2015-2016 | General Assembly | Amended

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Bill Title: Relates to death benefits for certain members under the jurisdiction of the department of corrections and community supervision.

Spectrum: Slight Partisan Bill (Republican 5-2)

Status: (Engrossed - Dead) 2016-06-17 - referred to ways and means [S05936 Detail]

Download: New_York-2015-S05936-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         5936--B
                               2015-2016 Regular Sessions
                    IN SENATE
                                      June 12, 2015
                                       ___________
        Introduced  by  Sens.  RITCHIE, YOUNG -- read twice and ordered printed,
          and when printed to be committed to the Committee on Rules  --  recom-
          mitted  to  the  Committee on Civil Service and Pensions in accordance
          with Senate Rule 6, sec. 8  --  committee  discharged,  bill  amended,
          ordered  reprinted  as  amended  and  recommitted to said committee --
          committee discharged, bill amended, ordered reprinted as  amended  and
          recommitted to said committee
        AN  ACT  to amend the retirement and social security law, in relation to
          death benefits for certain members; and providing for  the  repeal  of
          such provisions upon expiration thereof
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subdivision b of section 448 of the retirement  and  social
     2  security law is amended by adding a new paragraph 3 to read as follows:
     3    3. Provided further, notwithstanding any other provision of this arti-
     4  cle to the contrary, where a member is in a title as defined in subdivi-
     5  sion  i of section eighty-nine of this chapter under the jurisdiction of
     6  the department of corrections and community supervision, and would  have
     7  been  entitled to a service retirement benefit at the time of his or her
     8  death and where his or her death occurs on  or  after  July  first,  two
     9  thousand sixteen, the beneficiary or beneficiaries may elect to receive,
    10  in  a  lump  sum,  an amount payable which shall be equal to the pension
    11  reserve that would have been established had the member retired  on  the
    12  date  of  his  or  her  death, or the value of the death benefit and the
    13  reserve-for-increased-take-home-pay, if any, whichever is greater.
    14    § 2. Subdivision b of section 508 of the retirement and social securi-
    15  ty law, as amended by chapter 18 of the laws of 2012, is amended to read
    16  as follows:
    17    b. A member of a retirement system subject to the provisions  of  this
    18  article  who  is  a policeman, fireman, correction officer, investigator
    19  revised plan member or sanitation man and is in  a  plan  which  permits
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11357-09-6