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S6517Senate2013-2014 Session

Relates to the authorization of the New York state and local police and fire retirement system to designate Sean William McCabe as a Tier III member

Sponsor Timothy M. KennedySD-63Affects Finance
Status
In Senate Committee
Rules
Impact
Pending
Passage
Pending

Bill progress

Step 2 of 7

In committee · Rules

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Sponsors

Primary sponsor
Timothy M. Kennedy

Senator · Senate District 63

No co-sponsors yet.

History

  1. Committed to rules
  2. Advanced to third reading
  3. 2nd report cal.
  4. 1st report cal.989
  5. Referred to civil service and pensions

Full text

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

Sponsor's memo

BILL NUMBER:S6517

Title of bill

An act in relation to authorizing Sean William McCabe to file a request for change of benefit coverage with the New York state and local police and fire retirement system

Purpose

To authorize Sean William McCabe to file a request for change of benefit coverage with the New York state and local police and fire retirement system.

Summary of provisions

Section 1 states that, notwithstanding any other provision of law, Sean William McCabe, a member of the New York state and local police and fire retirement system who was first employed by the Buffalo Police Department on July 31, 2009, who, for reasons not ascribable to his own negligence, elected to participate in the non-contributory retirement plan, shall be deemed to be covered by the benefits of the retirement plan contained in subdivision f of section 384 retroactive to July 31, 2009 if, within one year of the effective date of this act, he shall file a written request to that effect with the state comptroller. Upon the granting of such status, Sean William McCabe shall be granted a refund of any employee contributions made by him to the New York state and local police and fire retirement system.

Section 2 states all past service costs associated with the implementation of this act shall be borne by the city of Buffalo.

Section 3 contains the effective date.

Fiscal Note - There is an anticipated increase of $5,600 in the annual contributions of the City of Buffalo for the fiscal year ending March 31, 2015. In addition, there will be a past service cost of $12,700, which would be borne by the City of Buffalo as a one-time payment.

Justification

Sean William McCabe, presently employed by The City of Buffalo, erroneously elected to change his retirement status from Tier 3 to Tier 5. This bill allows Mr. McCabe to be granted Tier 3 status in the New York state and local police and fire retirement system, a status he rightfully earned.

Legislative history

None.

Fiscal implications

Fiscal note from Office of the New York State Comptroller provided.

Effective date

Immediately.

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