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.

New York Senate Bill S06401 proposes changes to death benefits for members of the uniformed forces of the New York City Department of Sanitation and the Department of Correction. If a member eligible for retirement dies before retiring, their beneficiaries can choose to receive a lump sum payment. This payment would be equal to the pension reserve that would have been set up if the member had retired on the date of their death, or the value of the death benefit and any reserve-for-increased-take-home-pay, whichever is greater.

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