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S4199Senate2015-2016 SessionSame asA6122

Authorizes Christopher Chapeton to file a request for change of benefit coverage with the New York state and local police and fire retirement system

Sponsor George LatimerSD-37Affects 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
George Latimer

Senator · Senate District 37

No co-sponsors yet.

History

  1. Referred to civil service and pensions
  2. Recommitted to rules
  3. Ordered to third reading cal.1403
  4. Committee discharged and committed to rules
  5. 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:S4199 REVISED MEMO 04/29/2015

Title of bill

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

Purpose

This bill will authorize the city of Yonkers, in the county of Westchester, to offer a retirement option to firefighter Christopher Chapeton.

Summary of provisions

Section 1. Notwithstanding any other provision of law, Christopher Chapeton, who is currently a member of the New York state and local police and fire retirement system, and who was first employed as a firefighter by the City of Yonkers on October 1, 2009, and by virtue of his date of employment became a member of the New York state and local police and fire retirement system who elected to participate in the optional twenty year retirement plan contained in section 384-d of the retirement and social security law, and who subsequently, for reasons not ascribable to his own negligence, failed to file a timely election to be covered by the benefits of article 22 of such law, shall be deemed to be covered by the benefits of such article 22 if, within one year of the effective date of this act, he shall file a written request to that effect with the state comptroller.

§ 2. All past service costs associated with the implementation of this act shall be borne by the city of Yonkers.

§ 3. This act shall take effect immediately.

Justification

Mr. Chapeton began working at a time where local police and fire employees were being enrolled in Tier V. Due to no fault of his own, Mr. Chapeton was not enrolled in Tier V and instead was enrolled in the Tier 3 plan under Article 14 of the Retirement and Social Security Law, a special default plan that does not provide a 20 year retirement option for firefighters such as Mr. Chapeton. This legislation will allow Mr. Chapeton to opt-in to the 20 year retirement plan. Olt

Legislative history

None

Fiscal implications

While the Tier V plan that Mr.Chapeton plans to opt-in to is more generous for retirees who retire with 20 years of service than his current Article 14 Tier 3 plan, his current plan would be more generous than the Tier V plan if he worked for several more years after that. For these reasons, the actuary estimates no fiscal cost to the City of Yonkers if this bill were enacted

Local fiscal implications

If such legislation is enacted during the 2015 legislative session, we anticipate that there will not be an increase in the annual contribution of the City of Yonkers for the fiscal year ending March 31, 2016.

There also will be no past service cost.

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.