NY Gen Mun L § 207-G (2021)
2021 New York Laws GMU - General Municipal Article 10 - Firefighters and Police Officers 207-G - Ordinary Death Benefits of Members of Police Retirement Systems.

§  207-g.  Ordinary  death  benefits  of  members of police retirement systems. 1. As used in this section:  (a) "Member" means a contributor to the pension  system  of  any  city maintaining  a  police  pension  fund  based  upon  the  accumulation of deductions from the compensation or the  contributions  of  the  members thereof  and  payments  made  by  such city to pension reserves for such members, and  such  pension  system  provides  for  optional  retirement allowances.  (b)  "Accumulated  deductions"  shall mean the sum of all the amounts, deducted from the compensation of a member of  such  pension  system  or contributed  by  him,  standing to his credit therein; together with the interest  thereon,  if  any,  as  provided  by  the  law,   charter   or administrative code governing such system.  (c) "Pension" shall mean payments for life derived from appropriations for and payments into such pension system by such city.  (d)  "Minimum period of service" shall mean a fixed number of years of service specified in a plan or option provided by  such  police  pension system  and  elected  by such member, as a necessary pre-requisite for a pension or retirement allowance upon retirement from service.  (e) "Minimum age" means the age specified in a plan or option provided by such police pension system and elected by such member, as a necessary pre-requisite for a pension or retirement allowance upon retirement from service.   2. Notwithstanding the provisions of any  general,  special  or  local law,  charter  or  administrative code, and in lieu of any lesser amount therein prescribed, upon the death of  a  member,  prior  to  the  first payment  of  a  retirement  benefit, who has attained the minimum age or completed  the  minimum  period  of  service,  as  elected  by  him  for retirement,  and whether or not such member shall have filed application for retirement, there shall be paid to his estate, or to such person  as he  has nominated or shall nominate by written designation duly executed and filed in accordance with the requirements of such respective  police pension systems:  (a) His accumulated deductions; and in addition thereto,  (b)  The  amount  of  the  reserve  equal  to the present value of the pension he would have received, under the provisions of the law, charter or administrative code governing such police pension system, if  he  had retired  and  become  entitled  to  a  pension  on  the  day immediately preceding the day of his death.   The beneficiary of such deceased member shall have the right to accept such benefits in lump sums or in such periodic payments, on  an  annuity basis, as such beneficiary shall elect.   3. Nothing contained in the foregoing provisions of this section shall be held or deemed to affect or to lessen any benefits greater than those set  forth in the foregoing paragraph two which are or shall be provided for by any such police pension system in respect of a member or  members thereof  dying  in  the course of or as the result of the performance of his duties.   4. The provisions of this section shall not apply to  members  of  the New York state and local police and fire retirement system.