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S4735Senate2013-2014 SessionSame asA6811

Allows Michael E. Petroski to join the optional twenty year retirement plan, town of Glenville, county of Schenectady

Sponsor Hugh T. FarleySD-49Affects Finance
Status
Signed by Governor
Impact
Pending
Outcome
Signed into law

Bill progress

Signed into law

What's happening

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Why it matters

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Who cares

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Sponsors

Primary sponsor
Hugh T. Farley

Senator · Senate District 49

No co-sponsors yet.

History

  1. Signed chap.271
  2. Delivered to governor
  3. Returned to senate
  4. Passed assembly
  5. Home rule request
  6. Ordered to third reading rules cal.527
  7. Substituted for A6811A
  8. Referred to ways and means
  9. Delivered to assembly
  10. Passed senateVote 62–0
  11. Home rule request
  12. Ordered to third reading cal.1443
Show 4 earlier actions
  1. Committee discharged and committed to rules
  2. Print number 4735a
  3. Amend and recommit to civil service and pensions
  4. 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.

A6811Assembly

Allows Michael E. Petroski to join the optional twenty year retirement plan, town of Glenville, county of Schenectady

Assembly Floor Calendar · Sponsor James Tedisco

Full text

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

Sponsor's memo

BILL NUMBER:S4735A

Title of bill

An act to allow Michael E. Petroski to join the optional twenty year retirement plan, town of Glenville, county of Schenectady

Purpose

This legislation authorizes the Town of Glenville to reopen the optional twenty-year retirement plan to Michael Petroski

Summary of provisions

This bill authorizes the Town of Glenville to make participation in the optional twenty-year retirement plan, established pursuant to Section 384-d of the Retirement and Social Security Law, available to Michael E. Petroski, a police officer employed by the Town of Glenville, who for reasons not ascribable to his own negligence failed to make a timely application to participate in the optional retirement system.

Justification

The Town of Glenville had previously elected to offer the optional twenty-year retirement plan, established pursuant to Section 384-d of the Retirement and Social Security Law, to police officers in its employ. For reasons not ascribable to his own negligence, Michael E. Petroski did not make an application to participate in the optional retirement system. This bill allows the Town of Glenville to reopen the Section 384-d plan to Mr. Petroski so long as he makes a request on or before December 31, 2013.

Legislative history

New bill.

Fiscal implications

The bill will allow the Town of Glenville to reopen the provisions of Section 384-d of the Retirement and Social Security Law for police officer Michael E. Petroski.

If this legislation is enacted during the 2013 legislative session, we anticipate that there will be an increase of approximately $8,750 in the annual contribution of the Town of Glenville for the fiscal year ending March 31, 2014.

In addition to the annual contributions, there will be an immediate Past service cost of approximately $52,200 which would be borne by the Town of Glenville as a one-time payment. This estimate is based on the assumption that payment will be made by February 1, 2014.

Effective date

Immediately

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