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S1001Senate2009-2010 SessionSame asA2234

Relates to the past service costs associated with the membership of certain Haverstraw police officers in an optional twenty year retirement plan

Sponsor Thomas P. MorahanSD-38Affects Finance
Status
Senate Floor Calendar
Impact
Pending
Outcome
Companion signed

Bill progress

Signed via A2234

What's happening

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Who cares

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Sponsors

Primary sponsor
Thomas P. Morahan

Senator · Senate District 38

No co-sponsors yet.

History

  1. Substituted by A2234
  2. Ordered to third reading cal.731
  3. Committee discharged and committed to rules
  4. Reported and committed to finance
  5. Referred to civil service and pensions

Companion bill

The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.

A2234Assembly

Relates to the past service costs associated with the membership of certain Haverstraw police officers in an optional twenty year retirement plan

Signed by Governor · Sponsor Kenneth Zebrowski

Signed into law

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

Title of bill

An act to amend chapter 218 of the laws of 2008, relating to authorizing John Lawless, Anthony Akers, Manfredo Figueroa, Richard Spatta, David Kryger, Michael Freeman and Concepcion Crespo to file for retroactive membership in the optional twenty 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, in relation to the payment of past service costs

Purpose

This legislation would allow the Town of Haverstraw to pay for the provisions of chapter 218 over a ten year period with interest.

Summary of provisions

Section 1: Amends section 2 of chapter 218 of the laws of 2008, John Lawless, Anthony Akers, Manfredo Figueroa, Richard Spatta, David Kryger, Michael Freeman and Concepcion Crespo did not become members of the optional twenty year retirement plan of the NYS policemen's and firemen's retirement system pursuant to section 384-d of the retirement and social security law, shall be deemed to have become member's of such retirement plan.

Section 2: All costs associated with the operation of this act shall be borne by the Town of Haverstraw, with interest over a ten year period.

Section 3: Effective date.

Justification

The Town of Haverstraw and John Lawless, Anthony Akers. Manfredo Figueroa. Richard Spatta, David Kryger, Michael Freeman and Concepcion Crespo (hereinafter the "Officers") have requested this legislation in order to correct an inequity that resulted from the inadvertent failure of the Officers to notify the Town of their intention to join the Optional Twenty (20) Year Retirement Plan of the New York State Policemen's and Firemen's Retirement System within one (1) year of their employment pursuant to New York State Retirement and Social Security Law §384-d.

Legislative history

New Bill (Amending S.8058B of 2008).

Fiscal implications

This bill will permit the Town of Haverstraw to amortize the past service cost of chapter 218 of the laws of 2008 over a ten year period of an 8% interest rate.

Effective date

Immediately and shall be deemed to have been in full force and effect on and after July 7, 2009.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.