Senate Bill S8679

2019-2020 Legislative Session

Authorizes Harvey Eilbaum to file a request to nominate an additional beneficiary with the New York state and local employees' retirement system

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Archive: Last Bill Status - In Senate Committee Rules 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-S8679 (ACTIVE) - Details

See Assembly Version of this Bill:
A10760
Current Committee:
Senate Rules
Law Section:
Retirement
Versions Introduced in 2021-2022 Legislative Session:
S5406, A7255

2019-S8679 (ACTIVE) - Summary

Authorizes Harvey Eilbaum to file a request to nominate an additional beneficiary with the New York state and local employees' retirement system.

2019-S8679 (ACTIVE) - Sponsor Memo

2019-S8679 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8679
 
                             I N  S E N A T E
 
                               July 6, 2020
                                ___________
 
 Introduced  by Sen. CARLUCCI -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT in relation to authorizing Harvey Eilbaum to file a  request  for
   change  of  beneficiary  with  the New York state and local employees'
   retirement system
 
   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, Harvey Eilbaum,
 who  is  currently  a  member of the New York state and local employees'
 retirement system, who retired from the Rockland county district  attor-
 ney's  office  on  May 21, 2004, shall be authorized to change his named
 beneficiary to Janice Eilbaum, if within one year of the effective  date
 of this act, he shall file a written request on a form prescribed by the
 New  York  state and local employees' retirement system with the head of
 said retirement system.
   § 2. This act shall take effect immediately.
   FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
   This bill would authorize Harvey Eilbaum, a retiree of  the  New  York
 State  and Local Employees' Retirement System (ERS), to change his named
 beneficiary to Janice Eilbaum.
   If this bill is enacted during the  2020  legislative  session,  there
 will  be  an  immediate  past service cost of approximately $20,800 that
 would be shared by the State of New York and all participating employers
 in the ERS.
   Summary of relevant resources:
   The membership data used in  measuring  the  impact  of  the  proposed
 change  was  the same as that used in the March 31, 2019 actuarial valu-
 ation. Distributions and other statistics  can  be  found  in  the  2019
 Report  of  the  Actuary  and  the  2019  Comprehensive Annual Financial
 Report.
   The actuarial assumptions and methods used are described in the  2015,
 2016, 2017, 2018, and 2019 Annual Report to the Comptroller on Actuarial
 Assumptions,  and  the  Codes, Rules and Regulations of the State of New
 York: Audit and Control.

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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