Bill S3505-2011

Authorizes the village of Maybrook, in Orange county, to offer an optional 20 year retirement plan to police officer Michael E. Maresca

Authorizes the village of Maybrook, in Orange county, to offer an optional 20 year retirement plan to police officer Michael E. Maresca.

Details

Actions

  • Jun 21, 2011: SUBSTITUTED BY A6043
  • Jun 21, 2011: ORDERED TO THIRD READING CAL.1459
  • Jun 21, 2011: COMMITTEE DISCHARGED AND COMMITTED TO RULES
  • Feb 24, 2011: REFERRED TO CIVIL SERVICE AND PENSIONS

Votes

Memo

BILL NUMBER:S3505

TITLE OF BILL:

An act to authorize the village of Maybrook, in the county of Orange, to offer an optional twenty year retirement plan to police officer Michael E. Maresca

PURPOSE:

The purpose of this bill is to allow the village of Maybrook to make available to police officer Michael E. Maresca the optional twenty year retirement plan established pursuant to section 384-d of the retirement and social security law.

SUMMARY OF PROVISIONS:

Section 1 states that the village of Maybrook 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 authorized to make participation in such plan available to Michael E. Maresca, a police officer employed by the village of Maybrook, for the term of his employment by such village, who for reasons not ascribable to his own negligence failed to make a timely application to participate in such optional twenty year retirement plan.

Section 2 states that all employer costs associated with implementing the provisions of this act shall be borne by the village of Maybrook.

JUSTIFICATION:

Police Officer Michael E. Maresca for reasons not ascribable to his own negligence failed to make a timely application to participate in the optional twenty year retirement plan, established pursuant to section 384-d of the retirement and social security law. Legislation is therefore needed to remedy this situation.

LEGISLATIVE HISTORY:

S.8306 OF 2010

LOCAL FISCAL IMPLICATIONS:

There will be an anticipated increase of approximately $2,540 in the annual contributions of the Village of Maybrook 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 $8,800 which would be borne by the Village of Maybrook.

The Village of Maybrook is willing to cover all costs associated with this legislation.

EFFECTIVE DATE:

Immediately.


Text

STATE OF NEW YORK ________________________________________________________________________ 3505 2011-2012 Regular Sessions IN SENATE February 24, 2011 ___________
Introduced by Sen. LARKIN -- 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 Maybrook, in the county of Orange, to offer an optional twenty year retirement plan to police officer Micha- el E. Maresca 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 Maybrook, in the county of Orange, 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 Micha- el E. Maresca, a police officer employed by the village of Maybrook, who, for reasons not ascribable to his own negligence failed to make a timely application to participate in such optional twenty year retire- ment plan. The village of Maybrook may so elect by filing with the state comptroller, on or before December 31, 2011, a resolution of its board of trustees 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 bene- fits associated with coverage under such section, by filing a request to that effect with the state comptroller on or before June 30, 2012. S 2. All past service costs associated with implementing the provisions of this act shall be borne by the village of Maybrook. S 3. This act shall take effect immediately.

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