senate Bill S6432

2021-2022 Legislative Session

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

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Civil Service And Pensions Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Apr 28, 2021 referred to civil service and pensions

S6432 (ACTIVE) - Details

See Assembly Version of this Bill:
A6703
Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement
Versions Introduced in 2019-2020 Legislative Session:
S8658, A10815

S6432 (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).

S6432 (ACTIVE) - Sponsor Memo

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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