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Sponsors
Senator · Senate District 42
No co-sponsors yet.
History
- Substituted by A9588
- Advanced to third reading
- 2nd report cal.
- 1st report cal.1008
- 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 village of Ellenville to offer an optional twenty year retirement plan to certain police officers
Signed by Governor · Sponsor Kevin Cahill
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S6781
Title of bill
An act to authorize the village of Ellenville to offer an optional twenty year retirement plan to certain police officers
Purpose or general idea of bill
The bill will allow six police officers in the Village of Ellenville an optional twenty year retirement plan.
Summary of specific provisions
Section 1 - Authorizes the Village of Ellenville to offer an optional twenty year retirement plan to six police officers.
Section 2 - Requires the Village of Ellenville to bear all the employer costs of offering such plan to these police officers.
Section 3 - Effective date.
Justification
Under section 384-d of the retirement and social security law, police officers in the Village of Ellenville are eligible to receive an optional twenty year retirement plan. Due to reasons not ascribable to six police officers in the Village of Ellenville, such optional twenty year retirement plan was not offered to them. This legislation will correct this oversight and bring the retirement benefit of these officers in line with other police officers in Ellenville.
Legislative history
New Bill.
Fiscal implications
None to the state. However, the Village of Ellenville will have an increase of approximately $6,800 in annual contributions to the New York State and Local police and Fire Retirement System as well as an immediate past service cost of approximate1y $100,000 which would be borne as a one-time payment to be made on February 1, 2013. The Village of Ellenville may amortize the one-time payment over a period of ten (10) years.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.