Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
508 A — New York Law | CourtGPT
  1. Home/
  2. Laws/
  3. New York/
  4. Rss - Retirement and Social Security/
  5. Article 14 - Coordinated-escalator Retirement Plan500 - Application/
  6. 508 A
New York Legal Code

508 A

Ask AI about this
a. A death benefit plus the reserve-for-increased-take-home-pay, if any, shall be payable upon the death of a member of a retirement system who: 1. Died before the effective date of retirement while a member of such retirement system; 2. Had at least ten years of credited service at the time of death; and 3. Died at a time and in a manner which did not result in the eligibility of the member's estate or any beneficiary to receive any death benefits from such retirement system on account of such death. b. Benefits provided under this section shall be payable to the member's estate or the beneficiary or beneficiaries nominated by the member on a designation of beneficiary form filed with the administrative head of such retirement system. c. The amount of the benefit payable pursuant to this section shall be equal to one-half of the amount of the ordinary death benefit which would have been payable had the member's death occurred on the last day of service upon which membership was based.