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Bill > A07671


NY A07671

NY A07671
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
04/04/2025
In Committee
04/04/2025
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 for Marie Glarakis, a former Suffolk county police officer who is currently receiving a performance of duty disability retirement benefit from the New York State and Local Police and Fire Retirement System (NYSLPFRS). Currently, Glarakis has a "Joint Allowance" retirement option with James Scandariato as her designated pension beneficiary. The bill would allow her to change her retirement option to a "Single Life Allowance" (Option 0), which means no beneficiary would be selected and her pension benefits would cease upon her death. To take advantage of this change, Glarakis must submit a request to the state comptroller within six months of the bill's effective date. If approved, her benefit will be recalculated and paid from the effective date of the act. The fiscal note indicates that this change would have an immediate past service cost of approximately $49,000, which would be shared by the State of New York and other participating employers in the NYSLPFRS.

Committee Categories

Labor and Employment

Sponsors (1)

Last Action

referred to governmental employees (on 04/04/2025)

bill text


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