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

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Archive: Last Bill Status - Passed Senate


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (21)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 02, 2014 referred to governmental employees
delivered to assembly
passed senate
May 21, 2014 advanced to third reading
May 20, 2014 2nd report cal.
May 19, 2014 1st report cal.789
May 05, 2014 print number 5162c
amend (t) and recommit to civil service and pensions
Jan 08, 2014 referred to civil service and pensions
returned to senate
died in assembly
Jun 18, 2013 referred to governmental employees
delivered to assembly
passed senate
ordered to third reading cal.1450
committee discharged and committed to rules
Jun 06, 2013 print number 5162b
amend and recommit to civil service and pensions
May 30, 2013 print number 5162a
amend and recommit to civil service and pensions
May 13, 2013 referred to civil service and pensions

Votes

view votes

May 19, 2014 - Civil Service and Pensions committee Vote

S5162C
9
0
committee
9
Aye
0
Nay
2
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Committee Vote: May 19, 2014

aye wr (2)

Jun 18, 2013 - Rules committee Vote

S5162B
25
0
committee
25
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Rules committee vote details

Bill Amendments

Original
A
B
C (Active)
Original
A
B
C (Active)

S5162 - Details

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

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.

S5162 - Sponsor Memo

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

S5162A - Details

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

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.

S5162A - Sponsor Memo

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

S5162B - Details

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

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.

S5162B - Sponsor Memo

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

S5162C (ACTIVE) - Details

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

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.

S5162C (ACTIVE) - Sponsor Memo

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

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