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Sponsors
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History
- Substituted by A9998
- Advanced to third reading
- 2nd report cal.
- 1st report cal.1011
- 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 Casey Wall to participate in the optional 20 year retirement for police officers
Signed by Governor · Sponsor Michelle Schimel
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S7146
Title of bill
An act in relation to authorizing Casey Wall to participate in the optional 20 year retirement plan for police officers
Purpose
The purpose of this bill is to allow Casey Wall the opportunity to make a timely and effective election to change his retirement status from Tier III where he is currently to Tier V pursuant to the authority of Article 22 of the Retirement & Social Security Law.
Summary of provisions
Section 1 would grant to the Village of Sands Point the authority to allow Casey Wall to timely file an application to elect Tier V status in lieu of his current Tier III status.
Section 2 provides that all past service costs will be borne by the Village of Sands Point.
Section 3 provides that the Act shall take effect immediately.
Justification
Casey Wall was first hired as a police officer by the Village of Old Brookville in the County of Nassau, New York on January 7, 2010. He was enrolled in the New York State Police & Fire Retirement System under the Tier III provisions. A new Tier V retirement plan was signed by the Governor and became effective two days after Officer Wall was hired. The statute permitted anyone hired after July 1, 2009 to file a written election to have his or her retirement benefits calculated pursuant to Tier V within 120 days of the statute's effective date, or May 9, 2010. The statute further provided that if his employer had in place a non-contributory pension plan under Article XI, an officer electing into Tier V would be non-contributory as well. Officer Wall did make the written election required to opt into Tier V on a non-contributory basis, but for reasons not due to his own negligence, the paperwork and application was not received in a timely manner. This bill would rectify that situation and provide to Officer Wall the same right as all other police officers employed in the Village of Sands Point to participate in the contractually negotiated retirement plans.
Legislative history
This is a new bill.
Fiscal implications
Refer to fiscal note. There will be an increase of approximately $160 in the annual contributions of the Village of Sands Point for the fiscal year ending March 31, 2013. The fiscal note was prepared by
Actuary for the New York State and Local Police and Fire Retirement System.
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.