Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 21, 2018 |
vetoed memo.320 |
Dec 12, 2018 |
delivered to governor |
Jun 20, 2018 |
returned to senate passed assembly ordered to third reading rules cal.410 substituted for a10015 |
Jun 04, 2018 |
referred to ways and means delivered to assembly passed senate ordered to third reading cal.1513 committee discharged and committed to rules |
Feb 27, 2018 |
reported and committed to finance |
Jan 19, 2018 |
referred to civil service and pensions |
Senate Bill S7525
Vetoed By Governor2017-2018 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - Vetoed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Vetoed By Governor
- Signed By Governor
Actions
Votes
co-Sponsors
(D) Senate District
(R, C) 60th Senate District
2017-S7525 (ACTIVE) - Details
2017-S7525 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7525 SPONSOR: RITCHIE TITLE OF BILL: 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 PURPOSE: This bill would modify the in-service death benefit for tiers 2 through 6 state correction officers. SUMMARY OF PROVISIONS: Section 1 amends subdivision b of § 448 of the retirement and social security law is by adding a new paragraph stipulating that beneficiaries of corrections and community supervision officers may elect to receive, in a lump sum, an amount payable equal to the pension reserve that would have been established had the member retired on the date of his death, or the value of the death benefit and the reserve-for-increased-take- home-pay, if any, whichever is greater.
2017-S7525 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7525 I N S E N A T E January 19, 2018 ___________ Introduced by Sen. RITCHIE -- 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, 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: Section 1. Subdivision b of section 448 of the retirement and social security law is amended by adding a new paragraph 3 to read as follows: 3. PROVIDED FURTHER, NOTWITHSTANDING ANY OTHER PROVISION OF THIS ARTI- CLE TO THE CONTRARY, WHERE A MEMBER IS IN A TITLE AS DEFINED IN SUBDIVI- SION I OF SECTION EIGHTY-NINE OF THIS CHAPTER UNDER THE JURISDICTION OF THE DEPARTMENT OF CORRECTIONS AND COMMUNITY SUPERVISION, AND WOULD HAVE BEEN ENTITLED TO A SERVICE RETIREMENT BENEFIT AT THE TIME OF HIS OR HER DEATH AND WHERE HIS OR HER DEATH OCCURS ON OR AFTER JULY FIRST, TWO THOUSAND EIGHTEEN, THE BENEFICIARY OR BENEFICIARIES MAY ELECT TO RECEIVE, IN A LUMP SUM, AN AMOUNT PAYABLE WHICH SHALL BE EQUAL TO THE PENSION RESERVE THAT WOULD HAVE BEEN ESTABLISHED HAD THE MEMBER RETIRED ON THE DATE OF HIS OR HER DEATH, OR THE VALUE OF THE DEATH BENEFIT AND THE RESERVE-FOR-INCREASED-TAKE-HOME-PAY, IF ANY, WHICHEVER IS GREATER. § 2. Subdivision b of section 508 of the retirement and social securi- ty law, as amended by chapter 18 of the laws of 2012, is amended to read as follows: b. A member of a retirement system subject to the provisions of this article who is a policeman, fireman, correction officer, investigator revised plan member or sanitation man and is in a plan which permits immediate retirement upon completion of a specified period of service without regard to age or who is subject to the provisions of section five hundred four or five hundred five of this article, shall upon completion of ninety days of service be covered for financial protection in the event of death in service pursuant to this subdivision. 1. Such death benefit shall be equal to three times the member's sala- ry raised to the next highest multiple of one thousand dollars, but in no event shall it exceed three times the maximum salary specified in EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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