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S06640 Summary:

BILL NOS06640
 
SAME ASSAME AS A06784
 
SPONSORGOUNARDES
 
COSPNSRADDABBO, CLEARE, COMRIE, FERNANDEZ, JACKSON, LIU, MARTINEZ, MATTERA, PALUMBO, PARKER, RAMOS, RHOADS, SALAZAR, SCARCELLA-SPANTON, SKOUFIS, STAVISKY, WEBER, WEIK
 
MLTSPNSR
 
Amd §604-b, R & SS L
 
Provides an option for beneficiaries of NYC transit authority members to receive a lump sum equal to the pension reserve where a member who is eligible for a service retirement dies prior to filing for retirement.
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