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S05849 Summary:

BILL NOS05849
 
SAME ASSAME AS A05630
 
SPONSORJACKSON
 
COSPNSRCHU, 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.
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