Assembly Bill A10054

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

    S. 6967--A                                           A. 10054--A
    Cal. No. 788

                      S E N A T E - A S S E M B L Y

                              March 1, 2010
                               ___________

IN  SENATE  --  Introduced  by  Sen.  McDONALD -- read twice and ordered
  printed, and when printed to be committed to the  Committee  on  Civil
  Service  and  Pensions  --  reported favorably from said committee and
  committed to the Committee on Finance -- reported favorably from  said
  committee,  ordered  to  first  and  second  report, amended on second
  report, ordered to a third reading, and to be  reprinted  as  amended,
  retaining its place in the order of third reading

IN  ASSEMBLY  --  Introduced  by  M.  of  A. CANESTRARI -- read once and
  referred to the Committee on Governmental Employees  --  reported  and
  referred  to  the Committee on Ways and Means -- committee discharged,
  bill amended, ordered reprinted as amended  and  recommitted  to  said
  committee

AN  ACT  to  authorize  the town of North Greenbush to offer an optional
  twenty year retirement plan to certain  police  officers  employed  by
  such town

  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 town of North Greenbush, a participating 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 town,  is  hereby  authorized  to  make
participation  in  such  plan  available to Kate Anslow, Joseph Farrell,
Lisa Giddings-Fumarola, Michael Merola, Randy  Pastore,  Douglas  Pinzer
and  Clifford  Ruschmeyer, police officers employed by the town of North
Greenbush, who, for reasons not  ascribable  to  their  own  negligence,
failed  to  make  a  timely  application to participate in such optional
twenty year retirement plan. The town of North Greenbush may so elect by
filing with the state comptroller, on or before  December  31,  2010,  a
resolution  of  its  local  legislative body together with certification
that such police officers did not bar themselves from  participation  in
such  retirement  plan  as a result of their own negligence. Thereafter,

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

                      [ ] is old law to be omitted.
                                                           LBD16047-03-0

S. 6967--A                          2                        A. 10054--A

such police officers 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 benefits associated with coverage  under
such  section,  by  filing a request to that effect with the state comp-
troller on or before June 30, 2011.
  S  2.  All  past  service  costs  associated  with  implementing   the
provisions of this act shall be borne by the town of North Greenbush.
  S 3. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
  This  bill  will  allow  the  Town  of  North  Greenbush to reopen the
provisions of Section 384-d of the Retirement and  Social  Security  Law
for police officers Kate Anslow, Joseph Farrell, Lisa Giddings-Fumarola,
Michael Merola, Randy Pastore, Douglas Pinzer and Clifford Ruschmeyer.
  If this legislation is enacted during the 2010 legislative session, we
anticipate  that  there  will be an increase of approximately $21,700 in
the annual contributions of the Town of North Greenbush for  the  fiscal
year ending March 31, 2011.
  In addition to the annual contributions discussed above, there will be
an immediate past service cost of approximately $221,000, which would be
borne  by  the Town of North Greenbush as a one-time payment. This esti-
mate is based on the assumption that payment will be made on February 1,
2011.
  This estimate, dated June 9, 2010 and intended for use only during the
2010 Legislative Session, is Fiscal Note No. 2010-172, prepared  by  the
Actuary  for  the  New  York  State and Local Police and Fire Retirement
System.