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Bill > S06854


NY S06854

NY S06854
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 0).


summary

Introduced
03/25/2025
In Committee
03/25/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT authorizing Marie Glarakis to change the designated beneficiary of her retirement benefits

AI Summary

This bill provides a specific exception to existing retirement benefit regulations for Marie Glarakis, a former Suffolk County police officer who is currently receiving a performance of duty disability retirement. The bill allows her to change two key aspects of her retirement benefits: first, she can change her designated pension beneficiary (currently James Scandariato), and second, she can modify her retirement option from a "Joint allowance" to a "Single life allowance" (Option 0), which means her pension payments will cease upon her death and no beneficiary will receive continued benefits. To take advantage of this change, Glarakis must submit a request to the state comptroller within six months of the act's effective date. If she does so, her benefits will be recalculated and paid from the effective date of the act. The fiscal note indicates that if enacted during the 2025 Legislative Session, this change would result in an immediate past service cost of approximately $49,000, which will be shared by the State of New York and participating employers in the New York State and Local Police and Fire Retirement System (NYSLPFRS).

Committee Categories

Labor and Employment

Sponsors (1)

Last Action

REFERRED TO CIVIL SERVICE AND PENSIONS (on 03/25/2025)

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