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S05849 Summary:
| BILL NO | S05849 |
| SAME AS | SAME AS A05630 |
| SPONSOR | JACKSON |
| COSPNSR | CHU, GALLIVAN, KENNEDY, MANNION |
| MLTSPNSR | |
| Amd §§448 & 508, R & SS L | |
| 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. | |