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S5654Senate2009-2010 SessionSame asA8588

Authorizes Steven Roy to file for retroactive membership in the optional twenty year retirement plan of the New York state and local police and fire retirement system

Sponsor Roy J. McDonaldSD-43Affects Finance
Status
Senate Floor Calendar
Impact
Pending
Outcome
Companion signed

Bill progress

Signed via A8588

What's happening

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Who cares

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Sponsors

Primary sponsor
Roy J. McDonald

Senator · Senate District 43

No co-sponsors yet.

History

  1. Substituted by A8588
  2. Ordered to third reading cal.818
  3. Committee discharged and committed to rules
  4. Referred to civil service and pensions

Companion bill

Full text

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

Sponsor's memo

Title of bill

An act authorizing Steven Roy to file for retroactive 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

Purpose

Provides that officer Steven Roy may enter the 20 year retirement plan in the Town of Schodack.

Summary of provisions

Section one- Pursuant to section 384-d of the retirement and social security law, the Town of Schodack has previously elected to offer the optional twenty year retirement plan to their police officer's. The Town of Schodack is seeking to make such plan available to Steven Roy, police officer, who, through no negligence of his own failed to apply on time to participate in the retirement plan. Should the Town of Schodack elect to file with the state comptroller, on or before December 31, 2009, and the Schodack town board confirms, the above police officer would be covered under the provisions of section 384-d and entitled to the full rights and benefits of the section should he request to do so with the state comptroller on or before June 30, 2010.

Section two- All past service costs associated with implementing the provisions of this act shall be borne by the town of Schodack.

Section three- Effective date.

Justification

Steven Roy, through no fault of his own failed to make a timely application to participate in the optional twenty year retirement plan for police officers in the Town of Schodack.

Legislative history

New Bill.

Fiscal implications

There will be no fiscal impact to the State. The Town of Schodack is going to pay the immediate past service cost of $20,500. Also, it will increase the annual contribution of the Town of Schodack by approximately $2,500.

Effective date

This act shall take effect immediately.

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