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Senator · Senate District 43
No co-sponsors yet.
History
- Referred to civil service and pensions
- Print number 3422a
- Amend (t) and recommit to civil service and pensions
- 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.
Authorizes the town of East Greenbush, Rensselaer county, to make the retirement incentive offered pursuant to chapter 105 of 2010 available to Richard C. Bender
In Assembly Committee · Governmental Employees · Sponsor Ronald Canestrari
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S3422A
Title of bill
An act authorizing the town of East Greenbush, in the county of Rensselaer, to make retired employee Richard C. Bender eligible for the retirement incentive offered by chapter 105 of the laws of 2010
Purpose
Authorizes the Town of East Greenbush, a participating employer in the New York State and local police and fire department system, which previously elected to offer the temporary retirement incentive, to make participation in such plan available to Richard C. Bender, by changing his effective date of retirement from August 13, 2010, to October 1, 2010.
Summary of provisions
Section 1 authorizes the Town of East Greenbush, in the county of Rensselaer, a participating employer in the New York State and local police and fire department system, which previously elected to offer the temporary retirement incentive, established pursuant to chapter 105 of the laws of 2010, to make participation in such plan available to Richard C. Bender, by changing the effective date of retirement from August 13, 2010, to October 1, 2010.
Section 2 specifies that all employer costs associated with implementing the provisions of this act shall be borne by the Town of East Greenbush, and may be amortized over a period often years.
Section 3 provides for an immediate effective date.
Justification
Richard C. Bender, for reasons not ascribable to his own negligence, failed to retire under the 90 day window offered by the Town of East Greenbush pursuant to chapter 105 of the laws of 2010.
Local fiscal implications
There will be an estimated, immediate past service cost of $160,000, which will be borne by the Town of East Greenbush as a one-time payment, assuming payment on February 1, 2012. The interest cost would be approximately $21,700.
Effective date
Effective immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.