NY S05849 | 2023-2024 | General Assembly

Status

Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Introduced on March 20 2023 - 25% progression
Action: 2023-06-09 - SUBSTITUTED BY A5630
Text: Latest bill text (Introduced) [HTML]

Summary

Allows a beneficiary of a member whose death occurs on or after July 1, 2023 and who would have been entitled to a service credit at the time of such member's death to elect to receive a lump sum payment equal to the pension reserve that would have been established had the member retired on the date of such member's death.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Allows a beneficiary of a member whose death occurs on or after July 1, 2023 and who would have been entitled to a service credit at the time of such member's death to elect to receive a lump sum payment equal to the pension reserve that would have been established had the member retired on the date of such member's death.

Sponsors


Roll Calls

2023-06-09 - Senate - Senate Floor Vote - Final Passage (Y: 63 N: 0 NV: 0 Abs: 0) [PASS]
2023-04-25 - Senate - Senate Civil Service and Pensions Committee Vote (Y: 7 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2023-06-09SenateSUBSTITUTED BY A5630
2023-06-08SenateORDERED TO THIRD READING CAL.1810
2023-06-08SenateCOMMITTEE DISCHARGED AND COMMITTED TO RULES
2023-04-25SenateREPORTED AND COMMITTED TO FINANCE
2023-03-20SenateREFERRED TO CIVIL SERVICE AND PENSIONS

Same As/Similar To

A05630 (Same As) 2023-12-08 - tabled

New York State Sources


Bill Comments

feedback