Senate Bill S8658

2019-2020 Legislative Session

Authorizes Marie Glarakis to change the designated beneficiary of her retirement benefits

download bill text pdf

Sponsored By

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

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2019-S8658 (ACTIVE) - Details

See Assembly Version of this Bill:
A10815
Current Committee:
Assembly Governmental Employees
Law Section:
Retirement
Versions Introduced in Other Legislative Sessions:
2021-2022: S6432, A6703
2023-2024: S6575, A6703

2019-S8658 (ACTIVE) - Summary

Authorizes Marie Glarakis, a former Suffolk county police officer who is receiving a performance of duty disability retirement, to change the designated beneficiary of her retirement benefits and her retirement option to single life allowance (Option O).

2019-S8658 (ACTIVE) - Sponsor Memo

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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