Assembly Bill A11630

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

                                  11630

                          I N  A S S E M B L Y

                              July 6, 2010
                               ___________

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

AN ACT to amend the retirement and social security law, in  relation  to
  allowing certain firefighters of the city of Buffalo to participate in
  an optional 20 year retirement plan in certain circumstances

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

  Section 1. The retirement and social security law is amended by adding
a new section 384-f to read as follows:
  S 384-F. OPTIONAL TWENTY YEAR RETIREMENT  PLAN  FOR  CITY  OF  BUFFALO
FIREFIGHTERS.  NOTWITHSTANDING ANY OTHER PROVISIONS OF THIS CHAPTER, ANY
MEMBER OF THE RETIREMENT SYSTEM WHO IS A  FIREFIGHTER  EMPLOYED  BY  THE
FIRE  DEPARTMENT  OF  THE  CITY  OF BUFFALO, AND WHOSE MEMBERSHIP IN THE
RETIREMENT SYSTEM COMMENCED BETWEEN JULY FIRST, TWO  THOUSAND  NINE  AND
THE  ENACTMENT  OF  THIS SECTION, SHALL BE A PARTICIPANT IN THE OPTIONAL
TWENTY YEAR RETIREMENT PLAN ESTABLISHED BY SECTION THREE HUNDRED  EIGHT-
Y-FOUR-E OF THIS TITLE DURING THE TIME PERIOD PRIOR TO THE EXPIRATION OF
SUCCESSOR  COLLECTIVE  BARGAINING  AGREEMENTS  AND/OR ARBITRATION AWARDS
UNTIL THE COMPLETION OF NEGOTIATIONS AND THE ATTAINMENT OF  NEW  COLLEC-
TIVE  BARGAINING  AGREEMENTS AND/OR ARBITRATION AWARDS. DURING SUCH TIME
PERIOD, SUCH FIREFIGHTER SHALL NOT BE  REQUIRED  TO  CONTRIBUTE  TO  THE
RETIREMENT SYSTEM.
  S 2. This act shall take effect immediately.
  Fiscal  Note:  -- This bill will provide that any firefighter employed
by the City of Buffalo, who was hired between July 1, 2009 and the  date
of  enactment  of  this legislation will be covered by the provisions of
Section 384-e of the Retirement and social Security  Law.  In  addition,
this legislation will provide that no such firefighter shall be required
to contribute to the retirement system.
  If  this bill is enacted, the City of Buffalo will pay annual employer
contributions based on the 384-e plan without any member  contributions,
instead  of  their current coverage. As a result, we anticipate that the
annual employer contributions for the City of Buffalo will  increase  by
approximately  2.4%  of  the affected firefighters annual salary for the

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

                                                           LBD17763-03-0

A. 11630                            2

fiscal year ending March 31, 2011. In future years, we expect - the cost
to be approximately 2.9% of the affected firefighters annual salary.
  This  estimate,  dated  June 28, 2010 and intended for use only during
the 2010 Legislative Session, is Fiscal Note No. 2010-178,  prepared  by
the Actuary for the New York State and Local Police and Fire Retirement.