Senate Bill S7525

Vetoed By Governor
2017-2018 Legislative Session

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

download bill text pdf

Sponsored By

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

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2017-S7525 (ACTIVE) - Details

See Assembly Version of this Bill:
A10015
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§448 & 508, R & SS L
Versions Introduced in Other Legislative Sessions:
2015-2016: S5936, A7801
2019-2020: S2926, A6598
2021-2022: S6083, A4807

2017-S7525 (ACTIVE) - Summary

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

2017-S7525 (ACTIVE) - Sponsor Memo

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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