Allows for NYSTRS retirees to change their retirement plan beneficiary to a spouse at any time either prior to or after retirement

This bill (S 6258) allows New York State Teachers’ Retirement System (NYSTRS) retirees to change their retirement plan beneficiary to a spouse at any time - before or after they retire. Previously, retirees could only update spouse beneficiary designations within 30 days of retirement. The bill removes this time limit specifically for spouse beneficiaries, applying to both regular retirees and those retired for disability. It does not change rules for non-spouse beneficiaries or other retirement plan options.