Assembly Bill A10629A

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

                                10629--A

                          I N  A S S E M B L Y

                             April 13, 2010
                               ___________

Introduced  by M. of A. GALEF -- read once and referred to the Committee
  on Governmental  Employees  --  committee  discharged,  bill  amended,
  ordered reprinted as amended and recommitted to said committee

AN  ACT  to  authorize the town of Kent to offer an optional twenty year
  retirement plan to a certain police officer 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  Kent,  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  a  police
officer  employed  by  such  town,  is hereby authorized to make partic-
ipation in such plan available to Jerry  R.  Raneri,  a  police  officer
employed by the town of Kent, who, for reasons not ascribable to his own
negligence,  failed  to make a timely application to participate in such
optional twenty year retirement plan. The town of Kent 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 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  benefits associated with coverage under such
section, by filing a request to that effect with the  state  comptroller
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 Kent.
  S 3. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
  This bill will  allow  the  Town  of  Kent  to  elect  to  reopen  the
provisions  of  section  384-d of the Retirement and Social Security Law
for police officer Jerry R. Raneri.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD16712-02-0
              

A. 10629--A                         2

  If this bill is enacted and Mr. Raneri becomes covered  under  section
384-d,  we  anticipate  that  there will be an increase of approximately
$4,200 in the annual contributions of the town of Kent  for  the  fiscal
year ending March 31, 2011.
  In  addition to the annual cost above, there will be an immediate past
service cost of approximately $29,100, which would be borne by the  Town
of  Kent  as  a one-time payment. This cost assumes that payment will be
made February 1, 2011.
  This estimate, dated June 3, 2010 and intended for use only during the
2010 Legislative Session, is Fiscal Note No. 2010-168, prepared  by  the
Actuary  for  the  New  York  State and Local Police and Fire Retirement
System.