Bill Text: NY A08076 | 2009-2010 | General Assembly | Amended
Bill Title: Authorizes certain police officers employed by the village of Lyons to join the twenty year retirement plan.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2010-08-13 - signed chap.337 [A08076 Detail]
Download: New_York-2009-A08076-Amended.html
S T A T E O F N E W Y O R K
________________________________________________________________________
8076--A
2009-2010 Regular Sessions
I N A S S E M B L Y
May 4, 2009
___________
Introduced by M. of A. OAKS -- read once and referred to the Committee
on Governmental Employees -- recommitted to the Committee on Govern-
mental Employees in accordance with Assembly Rule 3, sec. 2 -- commit-
tee discharged, bill amended, ordered reprinted as amended and recom-
mitted to said committee
AN ACT to authorize the village of Lyons 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:
1 Section 1. Notwithstanding any other provision of law to the contrary,
2 the village of Lyons, a participating employer in the New York state and
3 local police and fire retirement system, which previously elected to
4 offer the optional twenty year retirement plan, established pursuant to
5 section 384-d of the retirement and social security law, to police offi-
6 cers employed by such village, is hereby authorized to make partic-
7 ipation in such plan available to John Flock and Scott VanDuyne, police
8 officers employed by the village of Lyons, who, for reasons not ascriba-
9 ble to their own negligence, failed to make a timely application to
10 participate in such optional twenty year retirement plan. The village of
11 Lyons may so elect by filing with the state comptroller, on or before
12 December 31, 2010, a resolution of its local legislative body together
13 with certification that such police officers did not bar themselves from
14 participation in such retirement plan as a result of their own negli-
15 gence. Thereafter, such police officers may elect to be covered by the
16 provisions of section 384-d of the retirement and social security law,
17 and shall be entitled to the full rights and benefits associated with
18 coverage under such section, by filing a request to that effect with the
19 state comptroller on or before June 30, 2011.
20 S 2. All employer costs associated with implementing the provisions of
21 this act shall be borne by the village of Lyons and the past service
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10914-04-0
A. 8076--A 2
1 costs associated with this act may be amortized over a period of five or
2 ten years.
3 S 3. This act shall take effect immediately.
FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
This bill will allow the Village of Lyons to reopen the provisions of
Section 384-d of the Retirement and Social Security Law for police offi-
cers John J. Flock and Scott W. VanDuyne.
If this legislation is enacted during the 2010 legislative session, we
anticipate that there will be an increase of approximately $2,800 in the
annual contributions of the Village of Lyons for the fiscal year ending
March 31, 2011.
In addition to the annual contributions discussed above, there will be
an immediate past service cost of approximately $43,000, which would be
borne by the Village of Lyons as a one-time payment, assuming a payment
date of February 1, 2011. If the Village so elects, the past service can
be amortized over a period of five (5) or ten (10) years. The cost for
the first year will be approximately $9,980 or $5,940, respectively.
This estimate, dated April 16, 2010 and intended for use only during
the 2010 Legislative Session, is Fiscal Note No. 2010-138, prepared by
the Actuary for the New York State and Local Police and Fire Retirement
System.
