Bill Text: NY S06781 | 2015-2016 | General Assembly | Introduced

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Bill Title: Authorizes the widow of Robert A. Serroen to change his retirement option.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-02-22 - REFERRED TO CIVIL SERVICE AND PENSIONS [S06781 Detail]

Download: New_York-2015-S06781-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          6781
                    IN SENATE
                                    February 22, 2016
                                       ___________
        Introduced  by  Sen.  MARCELLINO  -- read twice and ordered printed, and
          when printed to be committed to the Committee  on  Civil  Service  and
          Pensions
        AN  ACT authorizing the widow of Robert A. Serroen to change his retire-
          ment option
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section 1. Notwithstanding any other provision of law to the contrary,
     2  Gina M. Serroen, the widow of Robert A. Serroen, who was employed by the
     3  Nassau  County  Sheriff's  Department  and was retired from the New York
     4  state and local employees'  retirement  system  effective  December  17,
     5  2011,  and  for  reasons  not ascribable to his own negligence failed to
     6  change his retirement option selection prior to the expiration of thirty
     7  days following the date of payability of his retirement allowance, shall
     8  be authorized to file  such  option  election  form  on  behalf  of  her
     9  deceased  husband  to  a joint allowance full option, if within one year
    10  from the effective date of this act, she files a written request to that
    11  effect with the state comptroller.
    12    § 2. The costs associated with implementing the provisions of this act
    13  shall be borne by the County of Nassau.
    14    § 3. This act shall take effect immediately and  shall  be  deemed  to
    15  have  been  in  full  force  and  effect on and after December 17, 2011.
        FISCAL NOTE.-- Pursuant to Legislative Law, Section 50:
          This  bill  would  retroactively  change  the  retirement  option  for
        deceased  retiree Robert A. Serroen who retired on December 17, 2011 and
        died on May 12, 2013. The current retirement option, pop up joint allow-
        ance 25%, would be changed to  the  retirement  option  joint  allowance
        full.  The  bill  will  be  deemed to have been in effect on his date of
        retirement.
          If this bill is enacted, we anticipate that there would be an  immedi-
        ate  past service cost of approximately $767,000 which would be borne by
        Nassau County as a one-time payment.  This  estimate  is  based  on  the
        assumption that payment would be made on February 1, 2017.
          Summary of relevant resources:
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10957-03-6