Bill S5266-2013

Authorizes the village of Quogue, county of Suffolk to offer certain retirement options to police officer Robert J. Hammel

Authorizes the village of Quogue, county of Suffolk to offer certain retirement options to police officer Robert J. Hammel.

Details

Actions

  • Jul 31, 2013: SIGNED CHAP.296
  • Jul 19, 2013: DELIVERED TO GOVERNOR
  • Jun 19, 2013: returned to senate
  • Jun 19, 2013: passed assembly
  • Jun 19, 2013: home rule request
  • Jun 19, 2013: ordered to third reading rules cal.456
  • Jun 19, 2013: substituted for a7398
  • Jun 13, 2013: referred to ways and means
  • Jun 13, 2013: DELIVERED TO ASSEMBLY
  • Jun 13, 2013: PASSED SENATE
  • Jun 13, 2013: HOME RULE REQUEST
  • Jun 5, 2013: ADVANCED TO THIRD READING
  • Jun 4, 2013: 2ND REPORT CAL.
  • Jun 3, 2013: 1ST REPORT CAL.944
  • May 15, 2013: REFERRED TO CIVIL SERVICE AND PENSIONS

Votes

VOTE: COMMITTEE VOTE: - Civil Service and Pensions - Jun 3, 2013
Ayes (11): Golden, Fuschillo, Hannon, Lanza, Martins, Ritchie, Savino, Sanders, Addabbo, Dilan, Perkins

Memo

BILL NUMBER:S5266

TITLE OF BILL: An act to authorize the village of Quogue, in the county of Suffolk to offer an optional twenty year retirement plan to police officer Robert J. Hammel

PURPOSE: This legislation would allow the village of Quogue to reopen the provisions of the optional retirement plan offered under § 384-d of the Retirement and Social Security Law to Police Officer Robert J. Hammel.

SUMMARY OF PROVISIONS: This bill will allow the village of Quogue, in the county of Suffolk, a participating employer in the New York State and Local Police and Fire Retirement System, to elect to reopen the provisions of Section 384-d of the Retirement and Social Security Law for police officer Robert J. Hammel.

The village may file with the State Comptroller by December 31, 2013 a resolution of its town board together with certification that Robert J. Hammel did not bar himself from participation in the retirement plan as a result of his own negligence. Thereafter, Robert J. Hammel must file a request with the State Comptroller by June 30, 2014 electing coverage under § 384-d of the Retirement and Social Security Law.

All past costs associated with the implementation of these provisions shall be borne by the village of Quogue.

JUSTIFICATION:Police Officer Robert J. Hammel has been employed by the Quogue Village Police Department since March 1, 2009. Prior to his appointment to the Quogue Village PD, he was employed full-time by the Suffolk County Park Police and was enrolled as a member of the New York State and Local Police and Fire Retirement System (P&F) covered by the provisions of Section 375-i of the Retirement and Social Security Law.

At the time of his appointment to the Quogue Village PD, for reasons not ascribable to his own negligence, he failed to make a timely application to participate in the optional retirement plan offered by § 384-d of the Retirement and Social Security Law to which all other police officers employed by the Quogue Village PD are enrolled. As such, he remains enrolled in the P&F § 375-i retirement plan. Enactment of this legislation is necessary to allow the village of Quogue to reopen the provisions of § 384-d to make participation in the proper retirement plan available to Police Officer Robert J. Hammel.

LEGISLATIVE HISTORY: New Legislation, 2013.

FISCAL IMPLICATIONS: The Actuary of the New York State and Local Police and Fire Retirement System anticipates an increase of approximately $7,800 in the annual contributions of the village of Quogue for the fiscal year ending March 31, 2014. In addition, there will be an immediate past service cost of approximately $10,300 which would be borne by the village of Quogue as a onetime payment based on the assumption that payment will be made on February 1, 2014. The

village would have the option of amortizing the cost over a five-year period; the cost for the first year would be approximately $2,370.

EFFECTIVE DATE: This act shall take effect immediately.


Text

STATE OF NEW YORK ________________________________________________________________________ S. 5266 A. 7398 2013-2014 Regular Sessions S E N A T E - A S S E M B L Y May 15, 2013 ___________
IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print- ed, and when printed to be committed to the Committee on Civil Service and Pensions IN ASSEMBLY -- Introduced by M. of A. THIELE -- read once and referred to the Committee on Governmental Employees AN ACT to authorize the village of Quogue, in the county of Suffolk to offer an optional twenty year retirement plan to police officer Robert J. Hammel 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 Quogue, in the county of Suffolk, a participating employ- er 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 town, is hereby authorized to make participation in such plan available to patrolman Robert J. Hammel, registration number OB01367-1, a police officer employed by the village of Quogue, who, for reasons not ascribable to his own negligence, failed to make a timely application to participate in such optional twenty year retirement plan. The village of Quogue may so elect by filing with the state comptroller, on or before December 31, 2013, a resolution of its town board 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, 2014.
S 2. All past costs associated with implementing the provisions of this act shall be borne by the village of Quogue and may be amortized over a five-year period. S 3. This act shall take effect immediately. FISCAL NOTE.--Pursuant to Legislative Law, Section 50: This bill will allow the Village of Quogue to reopen the provisions of Section 384-d of the Retirement and Social Security Law for police offi- cer Robert J. Hammel. If this legislation is enacted during the 2013 legislative session, we anticipate that there will be an increase of approximately $7,800 in the annual contributions of the village of Quogue for the fiscal year ending March 31, 2014. In addition to the annual contributions discussed above, there will be an immediate past service cost of approximately $10,300, which would be borne by the Village of Quogue as a one-time payment. This estimate is based on the assumption that payment will be made on February 1, 2014. If this cost is amortized over a 5 year period, the cost for the first year would be approximately $2,370. Summary of relevant resources: Data: March 31, 2012 Actuarial Year End File with distributions of membership and other statistics displayed in the 2012 Report of the Actuary and 2012 Comprehensive Annual Financial Report. Assumptions and Methods: 2010, 2011 and 2012 Annual Report to the Comptroller on Actuarial Assumptions, Codes Rules and Regulations of the State of New York: Audit and Control. Market Assets and GASB Disclosures: March 31, 2012 New York State and Local Retirement System Financial Statements and Supplementary Informa- tion. Valuations of Benefit Liabilities and Actuarial Assets: summarized in the 2012 Actuarial Valuations report. I am a member of the American Academy of Actuaries and meet the Quali- fication Standards to render the actuarial opinion contained herein. This estimate, dated May 10, 2013, and intended for use only during the 2013 Legislative Session, is Fiscal Note No. 2013-149, prepared by the Actuary for the New York State and Local Police and Fire Retirement System.

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