Bill S6781-2011

Authorizes the village of Ellenville to offer an optional twenty year retirement plan to certain police officers

Authorizes the village of Ellenville to offer an optional twenty year retirement plan to certain police officers.

Details

Actions

  • Jun 21, 2012: SUBSTITUTED BY A9588
  • Jun 6, 2012: ADVANCED TO THIRD READING
  • Jun 5, 2012: 2ND REPORT CAL.
  • Jun 4, 2012: 1ST REPORT CAL.1008
  • Mar 21, 2012: REFERRED TO CIVIL SERVICE AND PENSIONS

Meetings

Calendars

Votes

VOTE: COMMITTEE VOTE: - Civil Service and Pensions - Jun 4, 2012
Ayes (11): Golden, Fuschillo, Lanza, Little, Martins, O'Mara, Perkins, Addabbo, Dilan, Savino, Serrano
Ayes W/R (1): Hannon

Memo

BILL NUMBER:S6781

TITLE OF BILL: An act to authorize the village of Ellenville to offer an optional twenty year retirement plan to certain police officers

PURPOSE OR GENERAL IDEA OF BILL: The bill will allow six police officers in the Village of Ellenville an optional twenty year retirement plan.

SUMMARY OF SPECIFIC PROVISIONS: Section 1 - Authorizes the Village of Ellenville to offer an optional twenty year retirement plan to six police officers.

Section 2 - Requires the Village of Ellenville to bear all the employer costs of offering such plan to these police officers.

Section 3 - Effective date.

JUSTIFICATION: Under section 384-d of the retirement and social security law, police officers in the Village of Ellenville are eligible to receive an optional twenty year retirement plan. Due to reasons not ascribable to six police officers in the Village of Ellenville, such optional twenty year retirement plan was not offered to them. This legislation will correct this oversight and bring the retirement benefit of these officers in line with other police officers in Ellenville.

LEGISLATIVE HISTORY: New Bill.

FISCAL IMPLICATIONS: None to the state. However, the Village of Ellenville will have an increase of approximately $6,800 in annual contributions to the New York State and Local police and Fire Retirement System as well as an immediate past service cost of approximate1y $100,000 which would be borne as a one-time payment to be made on February 1, 2013. The Village of Ellenville may amortize the one-time payment over a period of ten (10) years.

EFFECTIVE DATE: Immediately.


Text

STATE OF NEW YORK ________________________________________________________________________ 6781 IN SENATE March 21, 2012 ___________
Introduced by Sen. BONACIC -- 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 Ellenville to offer an optional twen- ty year retirement plan to certain police officers 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 contra- ry, the village of Ellenville, 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 town, is hereby authorized to make participation in such plan available to Michael Jeter, LaMark Logan, Daniel Persell, Christopher Rosa, Robert Ross, and Vanessa Nixon-Tomlin, police officers employed by the Village of Ellenville, who, for reasons not ascribable to their own negligence, failed to make a timely applica- tion to participate in such optional twenty year retirement plan. The village of Ellenville may so elect by filing with the state comptroller, on or before December 31, 2012, a resolution of its local legislative body together with certification that such police officers did not bar themselves from participation 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, 2013. S 2. All past service costs associated with implementing the provisions of this act shall be borne by the village of Ellenville and may be amortized over a ten 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 Ellenville to reopen the provisions of Section 384-d of the Retirement and Social Security Law

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