New York A07335 establishes a new death benefit option for uniformed force members of the New York City Department of Sanitation and Department of.

New York A07335 amends the retirement and social security law to provide an alternative death benefit for uniformed force members of the New York City Department of Sanitation and Department of Correction who die on or after July 1, 2026. Beneficiaries can elect to receive a lump sum equal to the pension reserve that would have been established had the member retired on the date of their death, or the value of the death benefit and the reserve-for-increased-take-home-pay, whichever is greater.

New York A07335 establishes a new death benefit option for uniformed force members of the New York City Department of Sanitation and Department of.

New York A07335 amends the retirement and social security law to provide an alternative death benefit for uniformed force members of the New York City Department of Sanitation and Department of Correction who die on or after July 1, 2026. Beneficiaries can elect to receive a lump sum equal to the pension reserve that would have been established had the member retired on the date of their death, or the value of the death benefit and the reserve-for-increased-take-home-pay, whichever is greater.