WeVote
Log In

Bill

Bill

S 6406

Allows beneficiaries of certain deceased members to elect to receive death benefits in a lump sum

2025 Regular Session Introduced by Pete Harckham and 2 co-sponsors

Bill S 6406 allows beneficiaries of deceased pension members to choose a lump sum death benefit, providing immediate financial support during difficult times.

REFERRED TO CIVIL SERVICE AND PENSIONS
0
WeVote Research Nonpartisan
Bill Summary · S 6406

Summary of Bill S 6406

Overview

Bill S 6406 aims to provide beneficiaries of certain deceased members the option to receive death benefits in a lump sum. This legislation is designed to enhance the financial flexibility of beneficiaries during a challenging time following the loss of a loved one.

Purpose and Intent

The primary intent of Bill S 6406 is to allow beneficiaries—such as family members or dependents of deceased members of specific pension plans—to opt for a one-time lump sum payment of death benefits instead of receiving them in periodic installments. This change is intended to simplify the process for beneficiaries and provide them with immediate access to funds, which can be crucial for managing expenses during a period of grief.

Key Provisions

  • Lump Sum Election: Beneficiaries will have the option to elect to receive death benefits in a single lump sum payment.
  • Eligibility: The bill specifies which categories of deceased members are eligible for this benefit, although specific criteria are not detailed in the provided information.
  • Administrative Changes: The bill may require adjustments to existing administrative processes within pension systems to accommodate the lump sum payment option.

Affected Parties

  • Beneficiaries: Family members or dependents of deceased members of certain pension plans will be directly affected, gaining the ability to choose how they receive death benefits.
  • Pension Systems: The bill will impact the administration of pension systems that currently distribute death benefits in installments, requiring them to implement new procedures for lump sum payments.

Legislative Status

  • Introduced: March 13, 2025
  • Current Status: The bill has been referred to the Committee on Civil Service and Pensions for further consideration.

Related Legislation

Bill S 6406 is related to prior-session bills S 8400, S 8408, and S 5849, which may have addressed similar issues regarding death benefits and beneficiary rights.

Conclusion

Bill S 6406 represents a significant step towards providing greater financial options for beneficiaries of deceased members of pension plans. By allowing a lump sum payment of death benefits, the bill aims to alleviate some of the financial burdens faced by families during difficult times. The bill is currently under review by the appropriate legislative committee, and its progress will be monitored as it moves through the legislative process.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.