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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to civil service and pensions
- Referred to civil service and pensions
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the retirement and social security law, in relation to option election
Purpose
To create a means by which to facilitate the complete and full application process for retirement benefits.
Summary of specific provisions
Section 1: Section 800 of the retirement and social security law is amended so that the City of New York is not excluded from the applicability of section 809 of this article. Section 2: Adds section 809 to the retirement and social security law so that with every disability retirement application form, all members shall receive the option election form. Section 3: Sets the enactment date.
Justification
Currently, under the Retirement and Social Security law, option election forms are not provided to a retiree until their application has been processed by the system. Yet, there is also a provision in the Retirement and Social Security law, section 90(b) that allows an individual's disability retirement to be processed despite their death if by the option election form has been filed. However, since the option election form is not provided with the application, there have been situations where the retirement application is duly filed and the retiree has died prior to the retirement system providing the option election form. Thus, if the retiree dies before filing the option election form, there are currently no provisions for the beneficiaries to receive disability retirement benefits. The beneficiaries of the retiree would only receive the death benefit. To prevent this tragic situation from continuing to occur, this legislation would require the Retirement System to provide the option election form with the retirement application, making sure that what appears to be constructed as a fail safe in the Retirement and Social Security law in fact operates in that fashion.
Prior legislative history
2007-2008 - Passed Senate
Fiscal implications
If enacted, there would be negligible administrative costs.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.