STATE OF NEW YORK
________________________________________________________________________
8142
IN SENATE
April 6, 2018
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Introduced by Sen. PHILLIPS -- read twice and ordered printed, and when
printed to be committed to the Committee on Civil Service and Pensions
AN ACT to amend the education law, in relation to providing an applica-
tion process for opting out of the pop-up retirement option
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The education law is amended by adding a new section 514-a
2 to read as follows:
3 § 514-a. Application to rescind optional election. Notwithstanding any
4 other provision of law, any member who elects to receive the "pop-up
5 option" allowance defined in part 5014.2 of title 21 of the New York
6 codes, rules and regulations shall be eligible to submit a written
7 application to the board to rescind such optional allowance election
8 after the prescribed thirty-day window, upon showing a valid change of
9 circumstance. A valid change of circumstance may include, but is not
10 limited to, significant financial hardship, continuing medical expenses
11 or change in marital status. The application shall be approved by the
12 sole discretion of the board.
13 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD13978-01-7
