S6406 (2025-26 session)
NY State bill
Allows a beneficiary of a member whose death occurs on or after July 1, 2026 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.
- Title
- Allows beneficiaries of certain deceased members to elect to receive death benefits in a lump sum
- Type
- New York State Senate bill
- Session
- 2025-26 session
- Status
- In Senate Committee
- Latest action date
- 2026-01-09
- In committee
- Civil Service And Pensions
- Introduced
- 2025-03-13
- Active version
- S6406A
- Same as
- A10843
- Law section
- Retirement and Social Security Law
Sponsors
- Robert Jackson State Senator, District 31
Co-sponsors
- Julia Salazar State Senator, District 18
Heard in committee
- Civil Service And Pensions NY State Senate committee