For the Nassau County assessment roll and for the New York City assessment roll the residential properties for the residential ratio are designated as major type 1 (real property class 1) instead of as major type A.
A. The death benefit is a lump sum, paid upon the death of a person who worked long enough to qualify for Social Security benefits. It goes to a surviving spouse who was living in the person's household at the time of death, or, if living apart, was receiving certain Social Security benefits on the deceased's record.
To the extent that the cumulative long-term obligation to provide pension benefits of the participating governments in a cost-sharing plan (their total pension liability) is larger than the value of the assets available in the pension planâs trust to pay pension benefits, there is a net pension liability.