Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 03, 2016 |
print number 5245a |
Mar 03, 2016 |
amend and recommit to civil service and pensions |
Jan 06, 2016 |
referred to civil service and pensions |
May 11, 2015 |
referred to civil service and pensions |
Senate Bill S5245A
2015-2016 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Civil Service And Pensions 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
Actions
Bill Amendments
2015-S5245 - Details
- Current Committee:
- Senate Civil Service And Pensions
- Law Section:
- Retirement and Social Security Law
- Laws Affected:
- Amd §§448 & 508, R & SS L
2015-S5245 - Sponsor Memo
BILL NUMBER:S5245 TITLE OF BILL: An act to amend the retirement and social security law, in relation to death benefits for certain members PURPOSE: To amend the Retirement and Social Security Law by providing for an enhanced in-service death benefit for State Correctional Officers who are retirement eligible and who die while in service. The benefit provided would be the value of the pension reserve determined as if the member had retired on their date of death. SUMMARY OF SPECIFIC PROVISIONS: Section 1 of the bill would amend § 448 of the Retirement and Social Security Law to provide such a benefit. Section 2 of the bill would similarly amend the provisions of § 508 of such law. Section 3 of the bill would provide an immediate effective date. EXISTING LAW:
2015-S5245 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5245 2015-2016 Regular Sessions I N S E N A T E May 11, 2015 ___________ 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 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 FIFTEEN, 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. S 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. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10987-02-5
2015-S5245A (ACTIVE) - Details
- Current Committee:
- Senate Civil Service And Pensions
- Law Section:
- Retirement and Social Security Law
- Laws Affected:
- Amd §§448 & 508, R & SS L
2015-S5245A (ACTIVE) - Sponsor Memo
BILL NUMBER: S5245A TITLE OF BILL : An act to amend the retirement and social security law, in relation to death benefits for certain members PURPOSE : To amend the Retirement and Social Security Law by providing for an enhanced in-service death benefit for State Correctional Officers who are retirement eligible and who die while in service. The benefit provided would be the value of the pension reserve determined as if the member had retired on their date of death. SUMMARY OF PROVISIONS : Section 1 of the bill would amend § 448 of the Retirement and Social Security Law to provide such a benefit. Section 2 of the bill would similarly amend the provisions of § 508 of such law. Section 3 of the bill would provide an immediate effective date. EXISTING LAW :
2015-S5245A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5245--A 2015-2016 Regular Sessions I N S E N A T E May 11, 2015 ___________ Introduced by Sen. RITCHIE -- read twice and ordered printed, and when printed to be committed to the Committee on Civil Service and Pensions -- 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 death benefits for certain members 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 FIFTEEN, 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. S 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 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10987-03-6
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.