senate Bill S7675

Signed by Governor

Provides for a period of probable usefulness for the payment of the past service cost by the city of Elmira to provide additional pension benefits to eligible firefighters employed by such city

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Sponsor

Bill Status


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

  • 28 / May / 2014
    • REFERRED TO LOCAL GOVERNMENT
  • 03 / Jun / 2014
    • COMMITTEE DISCHARGED AND COMMITTED TO RULES
  • 03 / Jun / 2014
    • ORDERED TO THIRD READING CAL.1154
  • 10 / Jun / 2014
    • HOME RULE REQUEST
  • 10 / Jun / 2014
    • PASSED SENATE
  • 10 / Jun / 2014
    • DELIVERED TO ASSEMBLY
  • 10 / Jun / 2014
    • REFERRED TO CITIES
  • 19 / Jun / 2014
    • SUBSTITUTED FOR A9898
  • 19 / Jun / 2014
    • ORDERED TO THIRD READING RULES CAL.611
  • 19 / Jun / 2014
    • HOME RULE REQUEST
  • 19 / Jun / 2014
    • PASSED ASSEMBLY
  • 19 / Jun / 2014
    • RETURNED TO SENATE
  • 09 / Oct / 2014
    • DELIVERED TO GOVERNOR
  • 21 / Oct / 2014
    • SIGNED CHAP.422

Summary

Provides for a period of probable usefulness for the payment of the past service cost by the city of Elmira to provide additional pension benefits to eligible firefighters employed by such city.

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Bill Details

See Assembly Version of this Bill:
A9898
Versions:
S7675
Legislative Cycle:
2013-2014
Law Section:
Local Finance Law
Laws Affected:
Amd ยง11.00, Loc Fin L

Sponsor Memo

BILL NUMBER:S7675

TITLE OF BILL: An act to amend the local finance law, in relation to
providing for a period of probable usefulness for the payment of the
past service cost by the city of Elmira to provide additional pension
benefits to eligible firefighters employed by such city

PURPOSE:

This bill would provide for a period of probable usefulness for the
payment of the past service cost by the city of Elmira to provide
additional pension benefits to eligible firefighters employed by the
city.

SUMMARY OF PROVISIONS:

Section 1 amends paragraph a of section 11.00 of the local finance law
by adding a new subdivision 107 that will provide additional pension
benefits pursuant to sections 375 I and 375 j of the retirement and
social security law to eligible firefighters employed by the city of
Elmira, ten years.

Section 2 is the effective date.

PURPOSE:

This legislation would establish the period of usefulness in order for
the City to bond for the past service cost due to the New York State
and Local Police and Fire Retirement System.

LEGISLATIVE HISTORY:

New Bill

FISCAL IMPLICATIONS:

None to State.

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
________________________________________________________________________

                                  7675

                            I N  S E N A T E

                              May 28, 2014
                               ___________

Introduced  by  Sen.  O'MARA -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

AN ACT to amend the local finance law, in relation to  providing  for  a
  period of probable usefulness for the payment of the past service cost
  by the city of Elmira to provide additional pension benefits to eligi-
  ble firefighters employed by such city

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

  Section 1. Paragraph a of section 11.00 of the local  finance  law  is
amended by adding a new subdivision 107 to read as follows:
  107.  PAYMENT  BY  THE  CITY OF ELMIRA, COUNTY OF CHEMUNG, OF THE PAST
SERVICE COST DUE TO THE NEW YORK STATE AND LOCAL POLICE AND FIRE RETIRE-
MENT SYSTEM TO PROVIDE ADDITIONAL PENSION BENEFITS PURSUANT TO  SECTIONS
THREE  HUNDRED  SEVENTY-FIVE-I  AND  THREE HUNDRED SEVENTY-FIVE-J OF THE
RETIREMENT AND SOCIAL SECURITY LAW TO ELIGIBLE FIREFIGHTERS EMPLOYED  BY
THE CITY OF ELMIRA, TEN YEARS.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15399-01-4

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