New York Assembly bill in Session 2025-2026.
Status: in_committee. Latest action: April 6, 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.
| Date | Event | Detail |
|---|---|---|
| 2026-04-06 | Introduced | Bill introduced |
| 2026-04-06 | Status | in_committee |
| 2026-04-06 | Latest Action | In Assembly Committee |