Provides for an increase in the rates of compensation for gold star parents.
TITLE OF BILL: An act to amend the executive law, in relation to providing for an increase in the rates of compensation for gold star parents
PURPOSE: To provide for an annual increase in the rate of compensation for Gold Star Parents.
SUMMARY OF PROVISIONS: Amends paragraph (a) of subdivision 1 of section 367 of the executive law to allow for an increase of the annual annuity payment of Gold Star Parents by the same percentage as benefit amounts payable under title II of the Social Security Act (42 USC 401 et seq.) effective December first, two thousand thirteen.
EXISTING LAW: A Gold Star Parent shall be paid an annual annuity for the sum of five hundred dollars. There is no provision for a cost of living increase.
JUSTIFICATION: The Gold Star annuity is a special income-eligible annuity for parents that have lost a son or daughter in the armed services during a time of war. It is recognition of the emotional loss and of the financial implications to parents of the deceased, as there are many instances in which the deceased contributed to the financial well-being of his or her parents. Since its implementation in 2008, the Gold Star Parent Annuity has not been increased. As inflation and other economic factors cause prices to rise, the support we give to the parents of those who died serving this country should not fall behind. Thus, this Legislature has an obligation to allow the Gold Star Parent Annuity to increase by the same annual cost of living adjustment that the federal government provides in veterans' benefits.
LEGISLATIVE HISTORY: This is a new bill.
FISCAL IMPLICATIONS: The fiscal implications will be minimal to the State of New York.
EFFECTIVE DATE: Immediately.
STATE OF NEW YORK ________________________________________________________________________ 6679 IN SENATE February 26, 2014 ___________Introduced by Sen. MARCHIONE -- read twice and ordered printed, and when printed to be committed to the Committee on Veterans, Homeland Securi- ty and Military Affairs AN ACT to amend the executive law, in relation to providing for an increase in the rates of compensation for gold star parents THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (a) of subdivision 1 of section 367 of the execu- tive law, as added by chapter 399 of the laws of 2007, is amended to read as follows: (a) A parent, identified in 10 USC 1126 as a gold star parent, of a veteran who heretofore has died or parent of a veteran dying hereafter, shall upon application to the state director, be paid an annual annuity out of the treasury of the state for the sum of five hundred dollars for such term as such parent shall be entitled thereto under the provisions of this article.
[In no event shall such annual annuity payment exceed one thousand dollars per veteran]THE AMOUNT OF ANY ANNUITY PAYABLE UNDER THIS SECTION SHALL BE THE SAME AMOUNT AS THE ANNUITY PAYABLE IN THE PRECEDING YEAR, INCREASED BY THE SAME PERCENTAGE AS THE PERCENTAGE BY WHICH BENEFIT AMOUNTS PAYABLE UNDER TITLE II OF THE SOCIAL SECURITY ACT (42 USC 401 ET SEQ.) ARE INCREASED EFFECTIVE DECEMBER FIRST, TWO THOUSAND THIRTEEN. The term "parent" for the purposes of this section includes mother, father, stepmother, stepfather, mother through adoption and father through adoption. S 2. This act shall take effect immediately.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14036-02-4