Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 23, 2020 |
referred to governmental employees delivered to assembly passed senate |
Jul 22, 2020 |
ordered to third reading cal.941 |
Jul 21, 2020 |
reported and committed to rules |
Jul 20, 2020 |
reported and committed to finance |
Jul 18, 2020 |
committee discharged and committed to civil service and pensions |
Jul 01, 2020 |
referred to rules |
Senate Bill S8658
2019-2020 Legislative Session
Sponsored By
(D, WF) 4th Senate District
Archive: Last Bill Status - In Assembly 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
Votes
2019-S8658 (ACTIVE) - Details
2019-S8658 (ACTIVE) - Sponsor Memo
BILL NUMBER: S8658 SPONSOR: MARTINEZ TITLE OF BILL: An act authorizing Marie Glarakis to change the designated beneficiary of her retirement benefits PURPOSE: To allow Ms. Glarakis a pension correction to change her beneficiary and option for retirement. SUMMARY OF PROVISIONS: Section 1. To allow Ms. Glarakis to change her pension beneficiary to non-designated and to change her pension option from both to single life-zero. Section 2. Effective Date
2019-S8658 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8658 I N S E N A T E July 1, 2020 ___________ Introduced by Sen. MARTINEZ -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT authorizing Marie Glarakis to change the designated beneficiary of her retirement benefits THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Notwithstanding any other provision of law to the contrary, Marie Glarakis, who is receiving a performance of duty disability retirement from the New York State and Local Police and Fire Retirement System and whom retired from the Suffolk county police department on December 27, 2010, and who had previously named James Scandariato as her designated pension beneficiary, shall be permitted to change her benefi- ciary and her retirement option from "Joint allowance" to "Single life allowance" (Option 0) wherein no beneficiary is selected and the pension benefit ceases upon the death of the member, if on or before six months after the effective date of this act, Marie Glarakis shall submit a request therefor to the state comptroller. Such benefit shall be recal- culated and her new benefit amount shall be paid as of the effective date of this act. § 2. This act shall take effect immediately. FISCAL NOTE.--Pursuant to Legislative Law, Section 50: This bill would authorize Marie Glarakis, who is receiving a Perform- ance of Duty disability retirement benefit from the New York State and Local Police and Fire Retirement System (PFRS), to change her retirement option election to a Single Life Allowance. At retirement, Ms. Glarakis selected a Pop-Up Joint Allowance Full option with James Scandariato as the designated beneficiary. The benefit would be recalculated and paya- ble as of the effective date of this bill with all payments ceasing upon the death of the member. If this legislation is enacted during the 2020 legislative session, there will be an immediate past service cost of approximately $49,700. This cost would be shared by the State of New York and all of the participating employers in the PFRS. Summary of relevant resources: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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