Bill S3422A-2011

Authorizes the town of East Greenbush, Rensselaer county, to make the retirement incentive offered pursuant to chapter 105 of 2010 available to Richard C. Bender

Authorizes the town of East Greenbush, Rensselaer county, to make the retirement incentive offered pursuant to chapter 105 of 2010 available to Richard C. Bender.

Details

Actions

  • Jan 4, 2012: REFERRED TO CIVIL SERVICE AND PENSIONS
  • Mar 11, 2011: PRINT NUMBER 3422A
  • Mar 11, 2011: AMEND (T) AND RECOMMIT TO CIVIL SERVICE AND PENSIONS
  • Feb 22, 2011: REFERRED TO CIVIL SERVICE AND PENSIONS

Memo

BILL NUMBER:S3422A

TITLE OF BILL: An act authorizing the town of East Greenbush, in the county of Rensselaer, to make retired employee Richard C. Bender eligible for the retirement incentive offered by chapter 105 of the laws of 2010

PURPOSE: Authorizes the Town of East Greenbush, a participating employer in the New York State and local police and fire department system, which previously elected to offer the temporary retirement incentive, to make participation in such plan available to Richard C. Bender, by changing his effective date of retirement from August 13, 2010, to October 1, 2010.

SUMMARY OF PROVISIONS: Section 1 authorizes the Town of East Greenbush, in the county of Rensselaer, a participating employer in the New York State and local police and fire department system, which previously elected to offer the temporary retirement incentive, established pursuant to chapter 105 of the laws of 2010, to make participation in such plan available to Richard C. Bender, by changing the effective date of retirement from August 13, 2010, to October 1, 2010.

Section 2 specifies that all employer costs associated with implementing the provisions of this act shall be borne by the Town of East Greenbush, and may be amortized over a period often years.

Section 3 provides for an immediate effective date.

JUSTIFICATION: Richard C. Bender, for reasons not ascribable to his own negligence, failed to retire under the 90 day window offered by the Town of East Greenbush pursuant to chapter 105 of the laws of 2010.

LOCAL FISCAL IMPLICATIONS: There will be an estimated, immediate past service cost of $160,000, which will be borne by the Town of East Greenbush as a one-time payment, assuming payment on February 1, 2012. The interest cost would be approximately $21,700.

EFFECTIVE DATE: Effective immediately.


Text

STATE OF NEW YORK ________________________________________________________________________ 3422--A 2011-2012 Regular Sessions IN SENATE February 22, 2011 ___________
Introduced by Sen. McDONALD -- read twice and ordered printed, and when printed to be committed to the Committee on Civil Service and Pensions -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT authorizing the town of East Greenbush, in the county of Rensse- laer, to make retired employee Richard C. Bender eligible for the retirement incentive offered by chapter 105 of the laws of 2010 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 East Greenbush, in the county of Rensselaer, a participating employer in the New York state and local employees' retirement system, which previously elected to offer the temporary retirement incentive for certain public employees, established pursuant to chapter 105 of the laws of 2010, is hereby authorized to make such plan available to Rich- ard C. Bender, who was employed by the town of East Greenbush from Octo- ber 3, 1980 and who retired from the New York state and local employees' retirement system effective August 13, 2010, and who for reasons not ascribable to his own negligence, failed to retire under the ninety day retirement incentive window offered by the town of East Greenbush pursu- ant to chapter 105 of the laws of 2010 and to allow Richard C. Bender to change the date of his retirement to October 1, 2010 if he shall file such request with the state comptroller by December 31, 2011. S 2. All past service costs associated with the implementation of the provisions of this act shall be borne by the town of East Greenbush and may be amortized over a period of ten years. S 3. This act shall take effect immediately. FISCAL NOTE.--Pursuant to Legislative Law, Section 50: This bill would allow Richard C. Bender, a retiree of the New York State and Local Employees' Retirement System, to change his date of retirement to October 1, 2010 to be within the 90 day retirement incen-

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Discuss!

blog comments powered by Disqus