Bill Text: NY S06048 | 2017-2018 | 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 (Republican 1-0)

Status: (Introduced - Dead) 2018-06-25 - PRINT NUMBER 6048C [S06048 Detail]

Download: New_York-2017-S06048-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          6048
                               2017-2018 Regular Sessions
                    IN SENATE
                                      May 10, 2017
                                       ___________
        Introduced  by  Sen.  GOLDEN -- 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 seventeen, 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 seventeen, or (ii) the month following the
    13  death 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 seventeen, 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.
                                                                   LBD11293-01-7
        S. 6048                             2
     1  of September, two thousand seventeen, or (ii) the  month  following  the
     2  death 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 seventeen, 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 seventeen, or (ii) the month following the
    14  death 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 seventeen, 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  seventeen,  or  (ii)  the  month
    30  following the death of the deceased retired member, whichever is later.
    31    § 5. This act shall take effect immediately.