Assembly Bill A11575

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

                                  11575

                          I N  A S S E M B L Y

                              June 28, 2010
                               ___________

Introduced  by  COMMITTEE  ON  RULES -- (at request of M. of A. John) --
  read once and referred to the Committee on Governmental Employees

AN ACT to authorize the city of Rochester, in the county of  Monroe,  to
  offer a certain retirement plan to certain police officers

  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 city of Rochester, in the county of Monroe, 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 secu-
rity law, to police officers employed by such city, is hereby authorized
to  make  participation  in  such  plan  available to David Blaho, Kevin
Powers, Lourdes Baez, Carol McDermott, MaryEllen Monahan-Kenny, and Liza
Dann, police officers employed  by  the  city  of  Rochester,  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 city of Rochester may so elect by filing with the comptroller, on or
before December 31, 2010, a resolution of its city council together with
certification that such police officers  did  not  bar  themselves  from
participation  in  such  retirement plan as a result of their own negli-
gence.  Thereafter, 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, including eligibility for participation in
the plan established pursuant to section 384-e  of  the  retirement  and
social  security  law, by filing a request to that effect with the state
comptroller on or before June 30, 2011.
  S 2. All employer costs associated with implementing the provisions of
this act shall be borne by the city of Rochester, with interest, over  a
ten-year period.
  S 3. This act shall take effect immediately.
  FISCAL  NOTE.--This  bill will allow the City of Rochester to elect to
reopen the provisions of Section 384-d together with  Section  384-e  of

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

A                                                          LBD17899-01-0

A. 11575                            2

the  Retirement  and  Social  Security  Law for 6 police officers in its
employ. There are other police officers  similarly  situated  who  could
benefit from this proposal, but they are not included in this bill.
  If  this  bill  is  enacted,  and the affected officers become covered
under Section 384-d together with  Section  384-e,  we  anticipate  that
there  will  be  an  increase  of  approximately  $22,500  in the annual
contributions of the City of Rochester 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 $1.04 million which
would be borne by the City of Rociiester. If this cost is amortized over
a period of ten (10) years, the cost for the first year including inter-
est, would be approximately $144,000. This  estimate  is  based  on  the
assumption  that  the  first  year's payment will be made on February 1,
2011.
  These estimated costs are based on the 6 named police officers in  the
legislation  having  a total estimated salary for the fiscal year ending
March 31, 2010 of approximately $460,000.
  This estimate, dated June 30, 2010 and intended for  use  only  during
the  2010  Legislative  Session, is Fiscal Note No. 2010-182 prepared by
the Actuary for the New York State and Local Police and Fire  Retirement
System.