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S3816Senate2011-2012 SessionSame asA6191

Authorizes the city of Mount Vernon to offer certain retirement options to Paul D'Amore, Christopher Grieco, Wendell Griffin, Erin Holly, Thomas Joy, Patsy Leone and Jeremy Villanueva

Sponsor Ruth Hassell-ThompsonSD-36Affects Finance
Status
In Senate Committee
Civil Service And Pensions
Impact
Pending
Passage
Pending

Bill progress

Step 2 of 7

In committee · Civil Service And Pensions

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Sponsors

Primary sponsor
Ruth Hassell-Thompson

Senator · Senate District 36

No co-sponsors yet.

History

  1. Print number 3816a
  2. Amend and recommit to civil service and pensions
  3. Referred to civil service and pensions
  4. Referred to civil service and pensions

Companion bill

Full text

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

Sponsor's memo

BILL NUMBER:S3816A

Title of bill

An act to authorize the city of Mount Vernon, in the county of Westchester, to offer certain retirement options to Paul D'Amore, Christopher Grieco, Wendell Griffin, Erin Holly, Thomas Joy, Patsy Leone and Jeremy Villanueva, police officers employed by such city

Purpose or general idea of bill

To reopen the provisions of section 384-d of the retirement and social security law for 7 police officers in the city of Mount Vernon.

Justification

Due to an oversight by the Department of Public Safety, the 7 officers were placed into the 375-1 plan of the Retirement system instead of the 384-d plan. The officers were not able to fix the error within the allowed time frame of one year. As such, legislation will be enacted to allow the officers to be placed in the desired plan.

Prior legislative history

2009-10: S.7765/A.10849A (Pretlow) - Passed Senate/Referred to Governmental Employees in Assembly

Fiscal implications

This bill will allow the City of Mount Vernon to reopen the provisions of Section 384-d of the Retirement and Social Security Law for seven Police Officers; Paul D'Amore, Christopher Grieco, Wendell Griffin, Erin Holly, Thomas Joy, Patsy Leone and Jeremy Villanueva.

If this legislation is enacted during the 2012 legislative session, we anticipate that there will be an increase of approximately $25,000 in the annual contributions of the City of Mount Vernon for the fiscal year ending March 31, 2013.

In addition to the annual contributions discussed above, there will be an immediate past service cost of approximately $90,700, which would be borne by the city of Mount Vernon as a one-time payment. This estimate is based on the assumption that payment will be made on February 1, 2013.

This estimate, dated March 30, 2012 and intended for use only during the 2012 legislative session, is Fiscal note No. 2012-124, prepared by the Actuary for the New York state and Local Police and Fire Retirement System.

Effective date

This act shall Lake effect immediately.

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