Bill Text: NY A09947 | 2009-2010 | General Assembly | Introduced
Bill Title: Authorizes William Bianco and Eric Lipinsky to file for retroactive membership in the optional 20 year retirement plan of the New York State and Local Retirement System.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2010-09-17 - signed chap.497 [A09947 Detail]
Download: New_York-2009-A09947-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
S. 6861 A. 9947
S E N A T E - A S S E M B L Y
February 17, 2010
___________
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. ALESSI -- read once and referred
to the Committee on Governmental Employees
AN ACT authorizing William Bianco and Eric Lipinsky to file for retroac-
tive membership in the optional 20 year retirement plan of the New
York state and local police and fire retirement system pursuant to
section 384-d of the retirement and social security law
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 Town of Riverhead, a participating employer in the New York state
3 and local police and fire retirement system, which previously elected to
4 offer the optional 20 year retirement plan established pursuant to
5 section 384-d of the retirement and social security law, and the addi-
6 tional pension benefits to members of such plan, established pursuant to
7 section 384-e of the retirement and social security law to police offi-
8 cers employed by such Town, is hereby authorized to make participation
9 available to William Bianco and Eric Lipinsky, police officers employed
10 by the Town of Riverhead, who, for reasons not ascribable to their own
11 intentional negligence, failed to make timely application to participate
12 in such optional 20 year retirement plan. The Town of Riverhead may so
13 elect by filing with the state comptroller, on or before December 31,
14 2010, a resolution of the Riverhead Town Board together with certif-
15 ication that such police officers did not bar themselves from partic-
16 ipation in such retirement plan as a result of their own negligence.
17 Thereafter, such police officers may elect to be covered by the
18 provisions of section 384-d and section 384-e of the retirement and
19 social security law, and shall be entitled to the full rights and bene-
20 fits associated with coverage under such section, by filing a request to
21 that effect with the state comptroller on or before June 30, 2011.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD15471-02-0
S. 6861 2 A. 9947
1 S 2. All past service costs associated with implementing the
2 provisions of this act shall be borne by the Town of Riverhead.
3 S 3. This act shall take effect immediately.
FISCAL NOTE.-- This bill will allow the Town of Riverhead to elect to
reopen the provisions of Section 384-d together with the provisions of
Section 384-e of the Retirement and Social Security Law for Police Offi-
cers William Bianco and Eric Lipinsky.
If this bill is enacted and the above officers become covered under
Section 384-e, we anticipate that there will be an increase of approxi-
mately $6,900 in the annual contributions of the Town of Riverhead 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 $11,100 which would be
borne by the Town of Riverhead as a one-time payment. This estimate is
based on the assumption that payment will be made on February 1, 2011.
This estimate, dated February 5, 2010, and intended for use only
during the 2010 Legislative Session, is Fiscal Note No. 2010-91,
prepared by the Actuary for the New York State and Local Police and Fire
Retirement System.
