Assembly Bill A2234

Signed By Governor
2009-2010 Legislative Session

Relates to the past service costs associated with the membership of certain Haverstraw police officers in an optional twenty year retirement plan

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Archive: Last Bill Status - Signed by Governor

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

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2009-A2234 (ACTIVE) - Details

See Senate Version of this Bill:
S1001
Law Section:
Retirement
Laws Affected:
Amd ยง2, Chap 218 of 2008

2009-A2234 (ACTIVE) - Summary

Relates to the past service costs associated with the membership of certain Haverstraw police officers in an optional twenty year retirement plan.

2009-A2234 (ACTIVE) - Sponsor Memo

2009-A2234 (ACTIVE) - Bill Text download pdf 

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

                                  2234

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            January 15, 2009
                               ___________

Introduced  by  M.  of  A.  ZEBROWSKI  --  read once and referred to the
  Committee on Governmental Employees

AN ACT to amend chapter 218 of the laws of 2008, relating to authorizing
  John Lawless, Anthony Akers, Manfredo Figueroa, Richard Spatta,  David
  Kryger,  Michael Freeman and Concepcion Crespo to file for retroactive
  membership in the optional twenty year retirement plan of the New York
  state and local police and fire retirement system pursuant to  section
  384-d  of  the  retirement and social security law, in relation to the
  payment of past service costs

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

  Section  1.  Section 2 of chapter 218 of the laws of 2008, relating to
authorizing John Lawless,  Anthony  Akers,  Manfredo  Figueroa,  Richard
Spatta,  David Kryger, Michael Freeman and Concepcion Crespo to file for
retroactive membership in the optional twenty year  retirement  plan  of
the  New York state and local police and fire retirement system pursuant
to section 384-d of the retirement and social security law,  is  amended
to read as follows:
  S   2.  All  past  service  costs  associated  with  implementing  the
provisions of this act shall be borne by the town  of  Haverstraw,  WITH
INTEREST OVER A TEN YEAR PERIOD.
  S  2.  This  act  shall take effect immediately and shall be deemed to
have been in full force and effect on and after July 7, 2009.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
  This bill will permit the Town of  Haverstraw  to  amortize  the  past
service  cost  of chapter 218 of the laws of 2008 over a ten year period
at an 8% interest rate.
  If this bill is enacted, there will be no cost to employers of the New
York State and Local Police and Fire Retirement System.
  This estimate, dated December 31,  2008  and  intended  for  use  only
during  the  2009  Legislative  Session,  is  Fiscal  Note  No. 2009-62,
prepared by the Actuary for the New York State and Local Police and Fire
Retirement System.

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

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