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S5778Senate2015-2016 SessionSame asA7978

Authorizes the town of Waterford to offer an optional twenty year retirement plan and the additional pension benefit plan for members of optional twenty year retirement plan to police officer Craig Fifield

Sponsor Kathleen A. MarchioneSD-43Affects Finance
Status
Signed by Governor
Impact
Pending
Outcome
Signed into law

Bill progress

Signed into law

What's happening

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Who cares

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Sponsors

Primary sponsor
Kathleen A. Marchione

Senator · Senate District 43

Chair, Local Government

No co-sponsors yet.

History

  1. Signed chap.353
  2. Delivered to governor
  3. Returned to senate
  4. Passed assembly
  5. Home rule request
  6. Ordered to third reading rules cal.685
  7. Substituted for A7978
  8. Referred to ways and means
  9. Delivered to assembly
  10. Passed senateVote 63–0
  11. Home rule request
  12. Ordered to third reading cal.1643
Show 2 earlier actions
  1. Committee discharged and committed to rules
  2. 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:S5778

Title of bill

An act to authorize the town of Waterford, in the county of Saratoga to offer an optional twenty year retirement plan and the additional pension benefit plan for members of optional twenty year retirement plan to police officer Craig Fifield

Purpose or general idea of bill

The purpose of this bill is to authorize Craig Fifield, who is currently employed by the town of Waterford, to participate in the optional retirement plan established pursuant to sections 384-d and 384-e of the retirement and social security law to police officers.

Summary of specific provisions

Section one of this bill authorizes the town of Waterford to make participation in the New York state local police and fire retirement system plan, established pursuant to section 384-d of the retirement and social security law and the additional pension benefit plan for members of the optional twenty year retirement plan established pursuant to section 384-e of the retirement and social security law, available to Craig Fifield.

Section two provides that all past service costs will be borne by the town of Waterford.

Section three provides for an immediate effective date

Justification

The town of Waterford has requested this legislation authorizing them to offer an optional twenty year retirement plan to Police Office Craig Fifield who, through no fault of his own, was enrolled into the wrong retirement plan. All costs associated with implementing this provision will be borne by the town.

Prior legislative history

New bill.

Fiscal implications

None to the state.

Effective date

Effective immediately

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