Senate Bill S5162B

2013-2014 Legislative Session

Allows a change in retirement options for certain retired members with the consent of the nominated survivor beneficiary

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions
Votes

Bill Amendments

2013-S5162 - Details

Current Committee:
Assembly Governmental Employees
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§514 & 610, R & SS L; amd §539, Ed L

2013-S5162 - Summary

Allows a change in retirement options for certain retired members of the New York state teachers' retirement system or the New York city teachers' retirement system with the consent of the nominated survivor beneficiary.

2013-S5162 - Sponsor Memo

2013-S5162 - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5162

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              May 13, 2013
                               ___________

Introduced  by  Sen.  SAVINO -- 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 and the education
  law, in relation to permitting certain retired members of the New York
  State Teachers' Retirement System  or  the  New  York  City  Teachers'
  Retirement  System to change their retirement options with the consent
  of the nominated survivor beneficiary

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section  514 of the retirement and social security law is
amended by adding a new subdivision e to read as follows:
  E. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, WHERE A RETIRED  MEMBER
OF  THE  NEW  YORK CITY TEACHERS' RETIREMENT SYSTEM HAS NOMINATED HIS OR
HER SPOUSE AS THE SURVIVOR BENEFICIARY UNDER OPTION  ONE,  TWO  OR  FIVE
PROVIDED  FOR IN SUBDIVISION A OF THIS SECTION, AND SUCH PERSON SO NOMI-
NATED CEASES BY CAUSES OTHER THAN DEATH TO BE HIS OR HER  SPOUSE  OR  IS
SEPARATED  FROM  HIM  OR  HER, OR IF SUCH OPTION WAS SELECTED IN CONTEM-
PLATION OF MARRIAGE WHICH HAS NOT TAKEN PLACE, THEN THE BOARD  OF  TRUS-
TEES  OF  SUCH  RETIREMENT SYSTEM SHALL HAVE THE AUTHORITY TO PERMIT THE
CHANGE OF SUCH OPTION TO THE  MAXIMUM  BENEFIT  THAT  IS  THE  ACTUARIAL
EQUIVALENT BY AND WITH THE CONSENT OF ALL PARTIES.
  S  2. Section 610 of the retirement and social security law is amended
by adding a new subdivision g to read as follows:
  G. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, WHERE A RETIRED  MEMBER
OF  THE  NEW  YORK CITY TEACHERS' RETIREMENT SYSTEM HAS NOMINATED HIS OR
HER SPOUSE AS THE SURVIVOR BENEFICIARY UNDER OPTION  ONE,  TWO  OR  FIVE
PROVIDED  FOR IN SUBDIVISION A OF THIS SECTION, AND SUCH PERSON SO NOMI-
NATED CEASES BY CAUSES OTHER THAN DEATH TO BE HIS OR HER  SPOUSE  OR  IS
SEPARATED  FROM  HIM  OR  HER, OR IF SUCH OPTION WAS SELECTED IN CONTEM-
PLATION OF MARRIAGE WHICH HAS NOT TAKEN PLACE, THEN THE BOARD  OF  TRUS-
TEES  OF  SUCH  RETIREMENT SYSTEM SHALL HAVE THE AUTHORITY TO PERMIT THE

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10230-03-3
              

2013-S5162A - Details

Current Committee:
Assembly Governmental Employees
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§514 & 610, R & SS L; amd §539, Ed L

2013-S5162A - Summary

Allows a change in retirement options for certain retired members of the New York state teachers' retirement system or the New York city teachers' retirement system with the consent of the nominated survivor beneficiary.

2013-S5162A - Sponsor Memo

2013-S5162A - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 5162--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              May 13, 2013
                               ___________

Introduced  by  Sen.  SAVINO -- read twice and ordered printed, and when
  printed to be committed to the Committee on Civil Service and Pensions
  -- committee discharged, bill amended, ordered  reprinted  as  amended
  and recommitted to said committee

AN ACT to amend the retirement and social security law and the education
  law, in relation to permitting certain retired members of the New York
  State  Teachers'  Retirement  System  or  the  New York City Teachers'
  Retirement System to change their retirement options with the  consent
  of the nominated survivor beneficiary

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 514 of the retirement and social  security  law  is
amended by adding a new subdivision e to read as follows:
  E.  NOTWITHSTANDING ANY OTHER PROVISION OF LAW, WHERE A RETIRED MEMBER
OF THE NEW YORK CITY TEACHERS' RETIREMENT SYSTEM HAS  NOMINATED  HIS  OR
HER  SPOUSE  AS  THE  SURVIVOR BENEFICIARY UNDER OPTION ONE, TWO OR FIVE
PROVIDED FOR IN SUBDIVISION A OF THIS SECTION, AND SUCH PERSON SO  NOMI-
NATED  CEASES  BY  CAUSES OTHER THAN DEATH TO BE HIS OR HER SPOUSE OR IS
SEPARATED FROM HIM OR HER, OR IF SUCH OPTION  WAS  SELECTED  IN  CONTEM-
PLATION  OF  MARRIAGE WHICH HAS NOT TAKEN PLACE, THEN THE BOARD OF TRUS-
TEES OF SUCH RETIREMENT SYSTEM SHALL HAVE THE AUTHORITY  TO  PERMIT  THE
CHANGE  OF  SUCH  OPTION  TO  THE  MAXIMUM BENEFIT THAT IS THE ACTUARIAL
EQUIVALENT BY AND WITH THE CONSENT OF ALL PARTIES.
  S 2. Section 610 of the retirement and social security law is  amended
by adding a new subdivision g to read as follows:
  G.  NOTWITHSTANDING ANY OTHER PROVISION OF LAW, WHERE A RETIRED MEMBER
OF THE NEW YORK CITY TEACHERS' RETIREMENT SYSTEM HAS  NOMINATED  HIS  OR
HER  SPOUSE  AS  THE  SURVIVOR BENEFICIARY UNDER OPTION ONE, TWO OR FIVE
PROVIDED FOR IN SUBDIVISION A OF THIS SECTION, AND SUCH PERSON SO  NOMI-
NATED  CEASES  BY  CAUSES OTHER THAN DEATH TO BE HIS OR HER SPOUSE OR IS
SEPARATED FROM HIM OR HER, OR IF SUCH OPTION  WAS  SELECTED  IN  CONTEM-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10230-05-3
              

2013-S5162B - Details

Current Committee:
Assembly Governmental Employees
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§514 & 610, R & SS L; amd §539, Ed L

2013-S5162B - Summary

Allows a change in retirement options for certain retired members of the New York state teachers' retirement system or the New York city teachers' retirement system with the consent of the nominated survivor beneficiary.

2013-S5162B - Sponsor Memo

2013-S5162B - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 5162--B

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              May 13, 2013
                               ___________

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

AN ACT to amend the retirement and social security law and the education
  law, in relation to permitting certain retired members of the New York
  State  Teachers'  Retirement  System  or  the  New York City Teachers'
  Retirement System to change their retirement options with the  consent
  of the nominated survivor beneficiary

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 514 of the retirement and social  security  law  is
amended by adding a new subdivision e to read as follows:
  E.  NOTWITHSTANDING ANY OTHER PROVISION OF LAW, WHERE A RETIRED MEMBER
OF THE NEW YORK CITY TEACHERS' RETIREMENT SYSTEM HAS  NOMINATED  HIS  OR
HER  SPOUSE  AS  THE  SURVIVOR BENEFICIARY UNDER OPTION ONE, TWO OR FIVE
PROVIDED FOR IN SUBDIVISION A OF THIS SECTION, AND SUCH PERSON SO  NOMI-
NATED  CEASES  BY  CAUSES OTHER THAN DEATH TO BE HIS OR HER SPOUSE OR IS
SEPARATED FROM HIM OR HER, OR IF SUCH OPTION  WAS  SELECTED  IN  CONTEM-
PLATION  OF  MARRIAGE WHICH HAS NOT TAKEN PLACE, THEN THE BOARD OF TRUS-
TEES OF SUCH RETIREMENT SYSTEM SHALL HAVE THE AUTHORITY  TO  PERMIT  THE
CHANGE  OF  SUCH  OPTION  TO  THE  MAXIMUM BENEFIT THAT IS THE ACTUARIAL
EQUIVALENT BY AND WITH THE CONSENT OF ALL PARTIES.
  S 2. Section 610 of the retirement and social security law is  amended
by adding a new subdivision g to read as follows:
  G.  NOTWITHSTANDING ANY OTHER PROVISION OF LAW, WHERE A RETIRED MEMBER
OF THE NEW YORK CITY TEACHERS' RETIREMENT SYSTEM HAS  NOMINATED  HIS  OR
HER  SPOUSE  AS  THE  SURVIVOR BENEFICIARY UNDER OPTION ONE, TWO OR FIVE
PROVIDED FOR IN SUBDIVISION A OF THIS SECTION, AND SUCH PERSON SO  NOMI-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10230-07-3
              

2013-S5162C (ACTIVE) - Details

Current Committee:
Assembly Governmental Employees
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§514 & 610, R & SS L; amd §539, Ed L

2013-S5162C (ACTIVE) - Summary

Allows a change in retirement options for certain retired members of the New York state teachers' retirement system or the New York city teachers' retirement system with the consent of the nominated survivor beneficiary.

2013-S5162C (ACTIVE) - Sponsor Memo

2013-S5162C (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 5162--C

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              May 13, 2013
                               ___________

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

AN ACT to amend the retirement and social security law, in  relation  to
  permitting  certain  retired  members  of  the New York City Teachers'
  Retirement System to change their retirement options with the  consent
  of  the  nominated  survivor  beneficiary  (Part  A); and to amend the
  education law, in relation to permitting certain  retired  members  of
  the New York State Teachers' Retirement System to change their retire-
  ment  options  with  the consent of the nominated survivor beneficiary
  (Part B)

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. This act enacts into law components of legislation relating
to  certain  options of the teachers' retirement system and the New York
City teachers' retirement system. Each  component  is  wholly  contained
within  a Part identified as Parts A and B.  The effective date for each
particular provision contained within such Part is set forth in the last
section of such Part. Any provision in any section  contained  within  a
Part, including the effective date of the Part, which makes reference to
a  section  "of  this act", when used in connection with that particular
component, shall be deemed  to  mean  and  refer  to  the  corresponding
section of the Part in which it is found. Section three of this act sets
forth the general effective date of this act.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10230-09-4

              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.