Permits certain service retirement benefits for certain deceased county correction officers in Suffolk county who would have been entitled to service retirement at the time of their death.
STATE OF NEW YORK
________________________________________________________________________
8622
IN SENATE
May 10, 2018
___________
Introduced by Sen. GOLDEN -- read twice and ordered printed, and when
printed to be committed to the Committee on Civil Service and Pensions
AN ACT to amend the retirement and social security law, in relation to
service retirement benefits of county correction officers in Suffolk
county
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 89-f of the retirement and social security law is
2 amended by adding a new subdivision k to read as follows:
3 k. Notwithstanding any provision of law to the contrary, a member who
4 would have been entitled to a service retirement at the time of his or
5 her death and where his or her death occurs on or after the effective
6 date of this subdivision, the beneficiary or beneficiaries may elect to
7 receive, in a lump sum, an amount payable which shall be equal to the
8 pension reserve that would have been established had the member retired
9 on the date of his or her death, or the value of the death benefit and
10 the reserve-for-increased-take-home-pay, if any, whichever is greater.
11 § 2. Section 606 of the retirement and social security law is amended
12 by adding a new subdivision f to read as follows:
13 f. Notwithstanding any provision of this article to the contrary,
14 where the member is employed in Suffolk county as a correction officer
15 as defined in section eighty-nine-f of this chapter and would have been
16 entitled to a service retirement at the time of his or her death and
17 where his or her death occurs on or after the effective date of this
18 subdivision, the beneficiary or beneficiaries may elect to receive, in a
19 lump sum, an amount payable which shall be equal to the pension reserve
20 that would have been established had the member retired on the date of
21 his or her death, or the value of the death benefit and the reserve-for-
22 increased-take-home-pay, if any, whichever is greater.
23 § 3. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD15882-01-8
