senate Bill S5140

Signed by Governor

Authorizes the village of Hudson Falls to offer a 20 year retirement plan to police officer Brandon Kommer

download pdf

Sponsor

Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor
view actions

actions

  • 10 / May / 2013
    • REFERRED TO CIVIL SERVICE AND PENSIONS
  • 12 / Jun / 2013
    • COMMITTEE DISCHARGED AND COMMITTED TO RULES
  • 12 / Jun / 2013
    • ORDERED TO THIRD READING CAL.1357
  • 13 / Jun / 2013
    • HOME RULE REQUEST
  • 13 / Jun / 2013
    • PASSED SENATE
  • 13 / Jun / 2013
    • DELIVERED TO ASSEMBLY
  • 13 / Jun / 2013
    • REFERRED TO WAYS AND MEANS
  • 19 / Jun / 2013
    • SUBSTITUTED FOR A7576
  • 19 / Jun / 2013
    • ORDERED TO THIRD READING RULES CAL.468
  • 19 / Jun / 2013
    • HOME RULE REQUEST
  • 19 / Jun / 2013
    • PASSED ASSEMBLY
  • 19 / Jun / 2013
    • RETURNED TO SENATE
  • 19 / Jul / 2013
    • DELIVERED TO GOVERNOR
  • 31 / Jul / 2013
    • SIGNED CHAP.288

Summary

Authorizes the village of Hudson Falls to offer a 20 year retirement plan to police officer Brandon Kommer.

do you support this bill?

Bill Details

See Assembly Version of this Bill:
A7576
Versions:
S5140
Legislative Cycle:
2013-2014
Law Section:
Retirement

Sponsor Memo

BILL NUMBER:S5140

TITLE OF BILL: An act to authorize the village of Hudson Falls, in
the county of Washington to offer an optional twenty year retirement
plan to police officer Brandon Kommer

PURPOSE:

Authorizes the village of Hudson Falls to offer a 20 year retirement
plan to police officer Brandon Kommer.

SUMMARY OF PROVISIONS:

Section one of this bill authorizes the village of Hudson Falls, a
participating employer in the New York state local police and fire
retirement system, to make participation in the optional twenty year
retirement plan as pursuant to section 384-d of the retirement and
social security law available to police officer Brandon Kommer. The
village of Hudson Falls may so elect to make such plan available by
filing with the state comptroller, on or before December 31, 2014, a
resolution of its board of trustees together with certification that
such police officer did not bar himself from participation in such
retirement plan as a result of his own negligence.

Section two includes all past costs associated with implementing this
act shall be borne by the village of Hudson Falls.

Section three contains the effective date.

JUSTIFICATION:

This bill has been requested by the village of Hudson Falls and would
allow the village to offer the optional twenty year retirement plan,
as established by section 384-d of the retirement and social security
law, to police officer Brandon Kommer. Brandon Kommer is employed by
the village of Hudson Falls as a police officer and for reasons not
due to his own negligence, failed to make a timely application to
participate in such retirement plan. Since the factors leading to the
failure of a timely application being submitted cannot be credited to
the individual and if the village of Hudson Falls chooses to file such
with the state comptroller it is only fair to extend the optional
twenty year retirement plan to this police officer who so bravely
serves his community in a very dangerous profession.

LEGISLATIVE HISTORY:

This is a new bill.

FISCAL IMPLICATIONS:

It is estimated that this bill will require a one-time payment of
$7,410, which would be borne by the Village of Hudson Falls.
Additionally, it is estimated there will be an increase of
approximately $3,100 in the annual contributions of the Village of
Hudson Falls.

EFFECTIVE DATE:


This act shall take effect immediately.

view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5140

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              May 10, 2013
                               ___________

Introduced  by  Sen.  LITTLE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Civil Service and Pensions

AN ACT to authorize the village of Hudson Falls, in the county of  Wash-
  ington  to  offer  an  optional  twenty year retirement plan to police
  officer Brandon Kommer

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Notwithstanding any other provision of law to the contrary,
the  village of Hudson Falls, in the county of Washington, a participat-
ing employer in the New York state and local police and fire  retirement
system,  which  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 employed by such village, is
hereby authorized to make participation in such plan available to  Bran-
don  Kommer,  a  police officer employed by the village of Hudson Falls,
who, for reasons not ascribable to his own negligence, failed to make  a
timely  application  to participate in such optional twenty year retire-
ment plan.  The village of Hudson Falls may so elect by filing with  the
state  comptroller,  on or before December 31, 2014, a resolution of its
board of trustees together with certification that such  police  officer
did  not  bar  himself  from  participation in such retirement plan as a
result of his own negligence.  Thereafter, such police officer may elect
to be covered by the provisions of section 384-d of the  retirement  and
social  security law, and shall be entitled to the full rights and bene-
fits associated with coverage under such section, by filing a request to
that effect with the state comptroller on or before June 30, 2015.
  S 2. All past costs associated with  implementing  the  provisions  of
this act shall be borne by the village of Hudson Falls.
  S 3. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10784-02-3

S. 5140                             2

  This  bill  will  allow  the  Village  of  Hudson  Falls to reopen the
provisions of Section 384-d of the Retirement and  Social  Security  Law
for police officer Brandon Kommer.
  If this legislation is enacted during the 2013 legislative session, we
anticipate that there will be an increase of approximately $3,100 in the
annual  contributions of the Village of Hudson Falls for the fiscal year
ending March 31, 2014.
  In addition to the annual contributions discussed above, there will be
an immediate past service cost of approximately $7,410, which  would  be
borne  by  the Village of Hudson Falls as a one-time payment. This esti-
mate is based on the assumption that payment will be made on February 1,
2014.
  Summary of relevant resources:
  Data: March 31, 2012 Actuarial Year End  File  with  distributions  of
membership  and  other  statistics  displayed  in the 2012 Report of the
Actuary and 2012 Comprehensive Annual Financial Report.
  Assumptions and Methods: 2010, 2011 and  2012  Annual  Report  to  the
Comptroller on Actuarial Assumptions, Codes Rules and Regulations of the
State of New York: Audit and Control.
  Market  Assets and GASB Disclosures: March 31, 2012 New York State and
Local Retirement System Financial Statements and Supplementary  Informa-
tion.
  Valuations  of Benefit Liabilities and Actuarial Assets: summarized in
the 2012 Actuarial Valuations report.
  I am a member of the American Academy of Actuaries and meet the Quali-
fication Standards to render the actuarial opinion contained herein.
  This estimate, dated May 9, 2013, and intended for use only during the
2013 Legislative Session, is Fiscal Note No. 2013-143, prepared  by  the
Actuary  for  the  New  York  State and Local Police and Fire Retirement
System.

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.