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A05630 Summary:
BILL NO | A05630 |
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SAME AS | SAME AS S05849 |
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SPONSOR | Jones |
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COSPNSR | Pheffer Amato, Buttenschon, Sillitti, Aubry, Santabarbara |
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MLTSPNSR | |
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Amd §§448 & 508, R & SS L | |
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Allows a beneficiary of a member whose death occurs on or after July 1, 2023 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. |