New York A 7335: Relates to rent increase in manufactured home parks

Bill Text

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A07335 Summary:

BILL NOA07335A

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SAME ASSAME AS S06401-A

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SPONSORPheffer Amato

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COSPNSR

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MLTSPNSR

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Amd §§448, 508 & 606, R & SS L; amd §13-148, NYC Ad Cd

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Relates to death benefits for members of the uniformed force of the New York city department of sanitation and members of the uniformed force of the New York city department of correction; establishes that the beneficiaries of a member who would have been entitled to a service retirement benefit at the time of such member's death may elect to receive, in a lump sum, an amount payable which shall be equal to the pension reserve that would have been established had the member retired on the date of such member's death, or the value of the death benefit and the reserve-for-increased-take-home-pay, if any, whichever is greater.

Go to top A07335 Actions:

BILL NOA07335A

&nbsp

03/25/2025referred to governmental employees

01/07/2026referred to governmental employees

03/05/2026amend and recommit to governmental employees

03/05/2026print number 7335a

Go to topA07335 Committee&nbspVotes:

Go to topA07335 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA07335 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7335--A

 2025-2026 Regular Sessions

 IN ASSEMBLY

 March 25, 2025
 ___________

 Introduced by M. of A. PHEFFER AMATO -- read once and referred to the
 Committee on Governmental Employees -- recommitted to the Committee on
 Governmental Employees in accordance with Assembly Rule 3, sec. 2 --
 committee discharged, bill amended, ordered reprinted as amended and
 recommitted to said committee

 AN ACT to amend the retirement and social security law and the adminis-
 trative code of the city of New York, in relation to death benefits
 for members of the uniformed force of the New York city department of
 sanitation and members of the uniformed force of the New York city
 department of correction

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subdivision b of section 448 of the retirement and social
 2 security law is amended by adding a new paragraph 3 to read as follows:
 3 3. Provided further, notwithstanding any other provision of this arti-
 4 cle to the contrary, where a member is in the uniformed force of the New
 5 York city department of sanitation or the uniformed force of the New
 6 York city department of correction, and would have been entitled to a
 7 service retirement benefit at the time of such member's death and where
 8 such member's death occurs on or after July first, two thousand twenty-
 9 six, the beneficiary or beneficiaries may elect to receive, in a lump
 10 sum, an amount payable which shall be equal to the pension reserve that
 11 would have been established had the member retired on the date of such
 12 member's death, or the value of the death benefit and the reserve-for-
 13 increased-take-home-pay, if any, whichever is greater.
 14 § 2. Subdivision b of section 508 of the retirement and social securi-
 15 ty law, as amended by chapter 476 of the laws of 2018, is amended to
 16 read as follows:
 17 b. A member of a retirement system subject to the provisions of this
 18 article who is a police officer, firefighter, correction officer, inves-
 19 tigator revised plan member or sanitation worker and is in a plan which

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD05921-06-6

 A. 7335--A 2

 1 permits immediate retirement upon completion of a specified period of
 2 service without regard to age or who is subject to the provisions of
 3 section five hundred four or five hundred five of this article, shall
 4 upon completion of ninety days of service be covered for financial
 5 protection in the event of death in service pursuant to this subdivi-
 6 sion.
 7 1. Such death benefit shall be equal to three times the member's sala-
 8 ry raised to the next highest multiple of one thousand dollars, but in
 9 no event shall it exceed three times the maximum salary specified in
 10 section one hundred thirty of the civil service law or, in the case of a
 11 member of a retirement system other than the New York city