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Bill May 21, 2026

Allows beneficiaries of certain deceased members to elect to receive death benefits in a lump sum

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.

https://openstates.org/ny/bills/2025-2026/A10843/
Michael Cashman Assemblymember Paula Kay Assemblymember Cosponsor Dana Levenberg Assemblymember Cosponsor Marianne Buttenschon Assemblymember Cosponsor
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