S T A T E O F N E W Y O R K
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5645--A
2011-2012 Regular Sessions
I N A S S E M B L Y
February 24, 2011
___________
Introduced by M. of A. CANESTRARI -- read once and referred to the
Committee on Governmental Employees -- committee discharged, bill
amended, ordered reprinted as amended and recommitted to said commit-
tee
AN ACT in relation to allowing John R. Panichi to join the special
retirement plan for sheriffs, undersheriffs and deputy sheriffs
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, John R. Pani-
chi, who is employed as a deputy sheriff in the county of Rensselaer,
and who is a member of the New York state and local employees' retire-
ment system, and who was eligible to make the election pursuant to
section 552 of the retirement and social security law to join the
special retirement plan for sheriffs, undersheriffs and deputy sheriffs
engaged in law enforcement activities, shall be eligible to individually
join such special retirement plan if the county of Rensselaer so elects
by filing with the state comptroller, on or before December 31, 2011, a
resolution of its governing body together with certification that such
deputy sheriff did not bar himself from participation in such retirement
plan as a result of his own negligence. Thereafter such deputy sheriff
may elect to be covered by the provisions of section 552 of the retire-
ment and social security law, and shall be entitled to the full rights
and benefits associated with coverage under such section for the service
rendered with the county of Rensselaer only, by filing a request to that
effect with the state comptroller on or before June 30, 2012.
S 2. All costs incurred by the implementation of this act shall be
borne by the county of Rensselaer.
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.
LBD01495-05-1
A. 5645--A 2
This bill would allow Rensselaer County to reopen the provisions of
Section 552 of the Retirement and Social Security Law for John R. Pani-
chi.
If this legislation is enacted during the 2011 legislative session, we
anticipate that there would be an increase of approximately $5,700 in
the annual contributions of Rensselaer County for the fiscal year ending
March 31, 2012.
In addition to the annual contributions discussed above, there would
be an immediate past service cost of approximately $39,800, which would
be borne by Rensselaer County as a one-time payment. This estimate is
based on the assumption that payment would be made on February 1, 2012.
This estimate, dated June 15, 2011, and intended for use only during
the 2011 Legislative Session, is Fiscal Note No. 2011-206, prepared by
the Actuary for the New York State and Local Employees' Retirement
System.