Chapter 23 – Increase in Special Accidental Death Benefit
Chapter 23 of the Laws of 2015 increases the salary used in the computation of the special accidental death benefit provided under Section 208-f of the NYS General Municipal Law by 3%. The beneficiaries of the following NYCERS members are covered: members of the Uniformed Correction Force, Housing and Transit Police, Emergency Medical Technicians and Triborough Bridge and Tunnel Authority (TBTA) members. The benefit is payable to the widow, widower, or the children of the deceased (under 18 years of age or under 23 if the child is a student) if the widow or widower is deceased. Chapter 23 is deemed to have been in full force and effect on July 1, 2015.
Chapter 510 – Tier 6 Wage Exclusions and Plan Year Change
An act to amend the New York State Retirement and Social Security Law, to clarify in Tier 6 the definition of the exclusion from wages earned from multiple employers and to change the plan year for contributions for the New York city retirement systems from plan year April 1 to March 31 to plan year January 1 to December 31. Signed November 20, 2015.