|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Apr 28, 2021||referred to civil service and pensions|
senate Bill S6432
Current Bill Status - In Senate Committee Civil Service And Pensions Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S6432 (ACTIVE) - Details
S6432 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6432 SPONSOR: PALUMBO 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. Allows 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
S6432 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6432 2021-2022 Regular Sessions I N S E N A T E April 28, 2021 ___________ Introduced by Sen. PALUMBO -- read twice and ordered printed, and when printed to be committed to the Committee on Civil Service and Pensions 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 2021 legislative session, there will be an immediate past service cost of approximately $48,000. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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