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Bill > S06796

NY S06796

NY S06796
Provides that where a deputy sheriff would have been entitled to a service retirement benefit at the time of his or her death, the beneficiary may elect to receive an amount equal to the pension reserve that would have been established had the member retired on the date of his or her death, or the value of the death benefit and the reserve-for-increased-take-home-pay, if any, whichever is greater.

summary

Introduced
05/17/2021
In Committee
06/10/2021
Crossed Over
06/10/2021
Passed
10/18/2021
Dead
Signed/Enacted/Adopted
10/29/2021

Introduced Session

2021-2022 General Assembly

Bill Summary

Provides that where a deputy sheriff would have been entitled to a service retirement benefit at the time of his or her death, the beneficiary may elect to receive an amount equal to the pension reserve that would have been established had the member retired on the date of his or her death, or the value of the death benefit and the reserve-for-increased-take-home-pay, if any, whichever is greater.

AI Summary

This bill amends the Retirement and Social Security Law to provide that where a deputy sheriff employed by Suffolk County would have been entitled to a service retirement benefit at the time of their death, the beneficiary may elect to receive an amount equal to the pension reserve that would have been established had the member retired on the date of their death, or the value of the death benefit and the reserve-for-increased-take-home-pay, whichever is greater. The bill also specifies that the provisions of the act are not subject to the appropriation requirement, and that all past service costs associated with the act shall be paid by Suffolk County.

Committee Categories

Labor and Employment

Sponsors (2)

Last Action

SIGNED CHAP.543 (on 10/29/2021)
(1 Companion Bills)

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