S1022-2011 Actions

• Feb 9, 2012: PRINT NUMBER 1022A
• Feb 9, 2012: AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS
• Jan 4, 2012: REFERRED TO CIVIL SERVICE AND PENSIONS
• Jan 5, 2011: REFERRED TO CIVIL SERVICE AND PENSIONS

S1022-2011 Memo

BILL NUMBER:S1022

TITLE OF BILL:

An act
to authorize the village of Sleepy Hollow
to offer an optional twenty year
retirement plan to certain police officers
employed by such village

PURPOSE OR GENERAL IDEA OF BILL:

This legislation would allow certain police officers employed by the
village of Sleepy Hollow to enroll in the optional twenty-year
retirement plan.

SUMMARY OF SPECIFIC PROVISIONS:

Section one of the bill allows the village of Sleepy Hollow to offer
an optional twenty year retirement plan to Jose Quinoy, Raymond
D'Alessandro, and James Warren, police officers of the village.

Section Two sets forth that all employer costs associated with this
measure shall be borne by the village of Sleepy Hollow.

Section Three is the effective date.

JUSTIFICATION:

For reasons not ascribable to their own negligence Village Officers
Jose Quinoy, Raymond D'Alessandro, and James Warren, failed to make
a timely application to participate in the optional twenty-year
retirement plan.

LEGISLATIVE HISTORY:

2009/2010:  S.4196 - Died in Civil Service, Pensions Committee
2008:-      S.8420 - Died in Senate Rules

FISCAL IMPLICATIONS:

None to State.

EFFECTIVE DATE:

This act shall take effect immediately.

S1022-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 
                                         1022
 2011-2012 Regular Sessions
 I N  SENATE
 (PREFILED)
 January 5, 2011
 
 Introduced  by  Sen.  STEWART-COUSINS -- read twice and ordered printed,
 and when printed to be committed to the Committee on Civil Service and
 Pensions
 

AN ACT to authorize the village of Sleepy Hollow to  offer  an  optional
 twenty  year  retirement  plan  to certain police officers employed by
 such village
 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  village  of Sleepy Hollow, a participating employer in the New York
 state and local police and  fire  retirement  system,  which  previously
 elected  to  offer the optional twenty year retirement plan, established
 pursuant to section 384-d of the retirement and social security law,  to
 police  officers  employed by such village, is hereby authorized to make
 participation  in  such  plan  available   to   Jose   Quinoy,   Raymond
 D'Alessandro,  and James Warren, police officers employed by the village
 of Sleepy Hollow, who, for reasons not ascribable to  their  own  negli
 gence,  failed  to  make  a  timely  application  to participate in such
 optional twenty year retirement plan.  The village of Sleepy Hollow  may
 so elect by filing with the state comptroller, on or before December 31,
 2011,  a  resolution of its local legislative body together with certif
 ication that such police officers did not bar  themselves  from  partic
 ipation  in  such  retirement  plan as a result of their own negligence.
 Thereafter, such  police  officers  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.
 LBD04034-02-1
 
       S. 1022                             2
 

S 2. All employer costs associated with implementing the provisions of
 this  act shall be borne by the village of Sleepy Hollow over a ten year
 period.
 

S 3. This act shall take effect immediately.
 FISCAL  NOTE.--This  bill  will  allow  Officers  Jose Quinoy, Raymond
 D'Alessandro, and James Warren to become covered by  the  provisions  of
 Section 384-d of the Retirement and Social Security Law.
 If  this  bill  were  enacted,  we  anticipate  that  there will be an
 increase of approximately $16,900 in the  annual  contributions  of  the
 Village of Sleepy Hollow 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 $153,000 which would be
 borne by the Village of Sleepy Hollow as a one-time payment. This  esti
 mate is based on the assumption that payment will be made on February 1,
 2012.  If  the  past service cost is amortized over a period of ten (10)
 years, the past service costs for the  first  year  including  interest,
 would be approximately $20,800.
 This  estimate,  dated  December  28,  2010  and intended for use only
 during the  2011  Legislative  Session,  is  Fiscal  Note  No.  2011-70,
 prepared  by Actuary for the New York State and Local Employees' Retire
 ment System and the New York State and Local Police and Fire  Retirement
 System."

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