New York Senate Bill S01992 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 1992 2023-2024 Regular Sessions  IN SENATE January 18, 2023 ___________ Introduced by Sens. JACKSON, HARCKHAM, MAYER -- 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 providing certain death benefits to correction officers, correction officer-sergeants, correction officer-captains, assistant wardens, associate wardens or wardens employed by Westchester county The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 89-e 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, where a 4 correction officer would have been entitled to retire pursuant to this 5 section at the time of his or her death and where his or her death 6 occurs on or after the effective date of the chapter of the laws of two 7 thousand twenty-three that added this subdivision, the beneficiary or 8 beneficiaries may elect to receive, in a lump sum, an amount payable 9 which shall be equal to the pension reserve that would have been estab- 10 lished had the member retired on the date of his or her death, or the 11 value of the death benefit and the reserve-for-increased-take-home-pay, 12 if any, whichever is greater. 13 § 2. The retirement and social security law is amended by adding a new 14 section 606-c to read as follows: 15 § 606-c. Death benefits for correction officers employed by Westches- 16 ter county. a. As used in this section, the term "correction officer" 17 shall mean a person employed by the Westchester county correction 18 department with a title of correction officer, correction officer-ser- 19 geant, correction officer-captain, assistant warden, associate warden or 20 warden. 21 b. Notwithstanding any provision of law to the contrary, where a 22 correction officer would have been entitled to a service retirement EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01825-01-3 
 S. 1992 2 1 benefit at the time of his or her death and where his or her death 2 occurs on or after the effective date of the chapter of the laws of two 3 thousand twenty-three that added this section, the beneficiary or bene- 4 ficiaries may elect to receive, in a lump sum, an amount payable which 5 shall be equal to the pension reserve that would have been established 6 had the member retired on the date of his or her death, or the value of 7 the death benefit and the reserve-for-increased-take-home-pay, if any, 8 whichever is greater. 9 § 3. All past service costs associated with implementing the 10 provisions of this act shall be borne by the county of Westchester and 11 may be amortized over a period of ten years. 12 § 4. Notwithstanding any other provision of law to the contrary, none 13 of the provisions of this act shall be subject to the appropriation 14 requirement of section 25 of the retirement and social security law. 15 § 5. This act shall take effect immediately.