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A07949 Summary:

BILL NOA07949
 
SAME ASSAME AS S07314
 
SPONSORPheffer Amato
 
COSPNSR
 
MLTSPNSR
 
Amd §501, R & SS L
 
Permits surviving spouses of tier 3 retirement plan members to retain accidental death benefits upon remarriage.
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A07949 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A7949
 
SPONSOR: Pheffer Amato
  TITLE OF BILL: An act to amend the retirement and social security law, in relation to permit surviving spouses of certain retirement plan members to retain certain benefits upon remarriage   PURPOSE: To extend Accidental Death benefits to widows or widowers of New York City police officers killed in the line of duty should they remarry, thus providing the same benefits to Tier 3 spouses that Tier 2 spouses have.   SUMMARY OF SPECIFIC PROVISIONS: Section 1: Amends subdivision 7 of section 501 of the retirement and social security law that as surviving spouse who has not renounced survivorship rights in a separation agreement continue to receive bene- fits if they remarry.   JUSTIFICATION: This bill seeks to remedy an inequity facing widows or widowers of New York City police officers killed in the line of duty. Currently, widows or widowers of officers killed in the line of duty and hired before July 1, 2009, are eligible to continue to receive Accidental Death Benefits should they remarry. However, widows and widowers of officers hired on or after July 1, 2009, are not eligible to receive Accidental Death Benefits should they remarry. New York City police officers take significant risks in their duty to protect the public. When an officer is killed in the line of duty, it reflects the ultimate sacrifice in service to the community. Providing benefits to the officer's family acknowledges and honors that sacrifice. One of the reasons to extend the benefits is to provide long-term finan- cial stability and security for the spouse and any dependents. Remar- riage does not necessarily eliminate the financial needs or responsibil- ities that the spouse may have, particularly if they have children or ongoing financial commitments arising from the marriage with the offi- cer. Additionally, continuing the benefits after remarriage is a way to honor and respect the memory and service of the fallen officer. It main- tains a lasting gesture of gratitude and acknowledgment from the commu- nity for the service rendered by the officer. Extending these benefits to Tier 3 spouses puts them on par with Tier 2 spouses.   FISCAL IMPLICATIONS: Please see fiscal note attached.   LEGISLATIVE HISTORY: This is new legislation   EFFECTIVE DATE: This act shall take effect immediately.
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