Senate Bill S5654

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

                                  5654

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                              May 26, 2009
                               ___________

Introduced  by Sen. McDONALD -- read twice and ordered printed, and when
  printed to be committed to the Committee on Civil Service and Pensions

AN ACT authorizing Steven Roy to file for retroactive membership in  the
  optional  20  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

  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 Schodack, a participating employer in the New York state and
local police and fire retirement system,  which  previously  elected  to
offer  the  optional  20  year  retirement  plan established pursuant to
section 384-d of the retirement and social security law, to police offi-
cers employed by such town, is hereby authorized to  make  participation
in  such  plan available to Steven Roy, a police officer employed by the
town of Schodack, who, for reasons not ascribable to his own  negligence
failed  to  make  timely  application to participate in such optional 20
year retirement plan. The town of Schodack may so elect by  filing  with
the  state  comptroller, on or before December 31, 2009, a resolution of
the Schodack town board 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,
2010.
  S  2.  All  past  service  costs  associated  with  implementing   the
provisions of this act shall be borne by the town of Schodack.
  S 3. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11231-02-9
              

S. 5654                             2

  This  bill  will  allow  the  Town  of Schodack to elect to reopen the
provisions of Section 384-d of the Retirement and  Social  Security  Law
for Police Officer Steven Roy.
  If this bill is enacted, and Officer Roy becomes covered under Section
384-d,  we  anticipate  that  there will be an increase of approximately
$2,500 in the annual contributions of  the  Town  of  Schodack  for  the
fiscal year ending March 31, 2010.
  In addition to the annual contributions discussed above, there will be
an  immediate  past service cost of approximately $20,500 which would be
borne by the Town of Schodack as a one time payment.  This  estimate  is
based on the assumption that payment will be made on February 1, 2010.
  This  estimate,  dated April 23, 2009 and intended for use only during
the 2009 Legislative Session, is Fiscal Note No. 2009-225,  prepared  by
the  Actuary for the New York State and Local Police and Fire Retirement
System.