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S4979Senate2013-2014 SessionSame asA4916

Provides beneficiaries with the same allocation of retirement benefits

Sponsor Martin J. GoldenSD-22+1 co-sponsorAffects Finance
Status
In Assembly Committee
Ways And Means
Impact
Pending
Passage
Pending

Bill progress

Step 5 of 7

In Assembly · Ways And Means

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Sponsors

Primary sponsor
Martin J. Golden

Senator · Senate District 22

Chair, Civil Service And Pensions

1 Co-sponsor

History

  1. Referred to ways and means
  2. Returned to assembly
  3. Repassed senate
  4. Amended on third reading 4979c
  5. Vote reconsidered - restored to third reading
  6. Returned to senate
  7. Recalled from assembly
  8. Referred to ways and means
  9. Delivered to assembly
  10. Passed senateVote 58–0
  11. Advanced to third reading
  12. 2nd report cal.
Show 7 earlier actions
  1. 1st report cal.786
  2. Referred to civil service and pensions
  3. Print number 4979b
  4. Amend and recommit to civil service and pensions
  5. Print number 4979a
  6. Amend (t) and recommit to civil service and pensions
  7. Referred to civil service and pensions

Companion bill

The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.

A4916Assembly

Provides beneficiaries with the same allocation of retirement benefits

In Assembly Committee · Ways And Means · Sponsor Peter Abbate

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:S4979C

Title of bill

An act to amend the retirement and social security law, in relation to providing beneficiaries with the same allocation of retirement benefits if the member has the service retirement application, disability retirement applications or option election forms postmarked prior to his or her death

Purpose

The purpose of the bill is direct the Retirement System to process retirement applications with the same allocation of such benefits for members of the system that filed their retirement paperwork, as if they did not die during the 30 day processing time for the retirement system.

Summary of specific provisions

Section 1 - Amends the RSSL by adding a new section 74a

Section 2 - Amends the RSSL by adding a new section 374a

Section 4 - Effective Date

Justification

Currently if a member files their retirement papers and subsequently dies prior to the system processing the member's papers, the member is afforded the in-service death benefit. This bill would allow the retirement system to process a members paperwork, as if that member were still alive, so that the initial retirement payment selection that that member elects is payable to their beneficiary.

Fiscal implications

Contained in the legislation.

Effective date

This act shall take effect immediately.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.