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S5251Senate2015-2016 SessionSame asA7475

Authorizes the village of Scotia, in the county of Schenectady, to offer firefighter Daniel Marchand an optional 20 year retirement plan

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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Sponsors

Primary sponsor
Hugh T. Farley

Senator · Senate District 49

No co-sponsors yet.

History

  1. Signed chap.330
  2. Delivered to governor
  3. Returned to senate
  4. Passed assembly
  5. Home rule request
  6. Ordered to third reading rules cal.395
  7. Substituted for A7475
  8. Referred to ways and means
  9. Delivered to assembly
  10. Passed senateVote 62–0
  11. Home rule request
  12. Advanced to third reading
Show 3 earlier actions
  1. 2nd report cal.
  2. 1st report cal.1099
  3. 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.

A7475Assembly

Authorizes the village of Scotia, in the county of Schenectady, to offer firefighter Daniel Marchand an optional 20 year retirement plan

Assembly Floor Calendar · Sponsor James Tedisco

Full text

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

Sponsor's memo

BILL NUMBER:S5251

Title of bill

An act to authorize the village of Scotia, in the county of Schenectady, to offer an optional twenty year retirement plan to firefighter Daniel Marchand

Purpose

To authorize the Village of Scotia to enable Daniel Marchand to partic- ipate in an optional twenty year retirement plan.

Summary of provisions

Section 1 authorizes the Village of Scotia 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 firefight- er, Daniel Marchand.

Section 2 provides that all costs associated with implementing the provisions of this act shall be borne by the Village of Scotia.

Justification

According to Village records, Mr. Marchand enrolled in the New York State and Local Police and Fire Retirement System on April 1, 2013. At that point in time, he did not elect a retirement plan and was therefore placed in the default plan, 375-i.

However, Village records indicate that Mr. Marchand subsequently submit- ted the election form to enroll in the 384-d plan within the allowable 12 month period.

It wasn't until he received his annual benefits statements that Mr. Marchand noted that the appropriate change from 375-i to 384-d was not recorded.

Since Mr. Marchand has been employed for more than one year he cannot enroll in the desired plan without special legislation. This bill grants him until June 30, 2016 to file appropriate paperwork to enroll in the Section 384-d plan if the Village provides necessary authorization.

Fiscal implications

The Village of Scotia would pay a past service cost of $6,550 as well as an increase in annual contributions.

Effective date

The 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.