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STATE OF NEW YORK
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S. 5668                                                  A. 8270

2011-2012 Regular Sessions

S E N A T E - A S S E M B L Y

June 9, 2011
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IN  SENATE -- Introduced by Sen. BALL -- read twice and ordered printed,
  and when printed to be committed to the Committee on Civil Service and
  Pensions

IN ASSEMBLY -- Introduced by M. of A. GALEF -- read once and referred to
  the Committee on Governmental Employees

AN ACT to authorize the Town of Kent, in the county of Putnam, to  offer
  certain retirement options to police officer Jerry R. Raneri

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Notwithstanding any other provision of law to the contrary,
the Town of Kent, in the county of Putnam, a participating  employer  in
the  New  York  state and local police and fire retirement system, which
previously elected to offer the  optional  retirement  plan  established
pursuant  to  section 384-d of the retirement and social security law to
police officers employed by such Town,  is  hereby  authorized  to  make
participation  in  such  plan  available  to  Jerry  R. Raneri, a police
sergeant employed by the Town of Kent, who, on  the  effective  date  of
this act is covered under the provisions of section 375-i of the retire-
ment and social security law, and who, for reasons not ascribable to his
own  negligence  failed  to  make a timely application to participate in
such optional retirement plan. The Town of Kent may so elect  by  filing
with the state comptroller, on or before December 31, 2011, a resolution
of  its  legislative  body  together with certification that such police
officer did not bar himself from participation in such  retirement  plan
as  a  result of his own negligence. Thereafter, such police officer may
elect to be covered by the provisions of section 384-d of the retirement
and social security law, and shall be entitled to the  full  rights  and
benefits  associated  with  coverage  under  such  section,  by filing a
request to that effect with the state comptroller on or before June  30,
2012.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11422-02-1
S. 5668                             2                            A. 8270

  S   2.  All  past  service  costs  associated  with  implementing  the
provisions of this act shall be borne by the Town of Kent.
  S 3. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
  This  bill  will  allow  the  Town of Kent to reopen the provisions of
Section 384-d of the Retirement and Social Security Law for Police Offi-
cer Jerry R. Raneri.
  If this bill is enacted, we anticipate that there will be an  increase
of  approximately $6,300 in the annual contributions of the Town of Kent
for the fiscal year ending March 31, 2012.
  In addition to the annual contributions discussed above, there will be
an immediate past service cost of approximately $29,100  which  will  be
borne  by  the Town of Kent as a one-time payment. This estimate assumes
that payment will be made on February 1, 2012.
  This estimate, dated June 7, 2011 and intended for use only during the
2011 Legislative Session, is Fiscal Note No. 2011-194, prepared  by  the
Actuary  for  the  New  York  State and Local Police and Fire Retirement
System.