senate Bill S3422A

2011-2012 Legislative Session

Authorizes the town of East Greenbush, Rensselaer county, to make the retirement incentive offered pursuant to chapter 105 of 2010 available to Richard C. Bender

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Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to civil service and pensions
Mar 11, 2011 print number 3422a
amend (t) and recommit to civil service and pensions
Feb 22, 2011 referred to civil service and pensions

Bill Amendments

Original
A (Active)
Original
A (Active)

S3422 - Bill Details

See Assembly Version of this Bill:
A6340
Current Committee:
Law Section:
Retirement

S3422 - Bill Texts

view summary

Authorizes the town of East Greenbush, Rensselaer county, to make the retirement incentive offered pursuant to chapter 105 of 2010 available to Richard C. Bender.

view sponsor memo
BILL NUMBER:S3422

TITLE OF BILL:
An act
in relation to authorizing Richard C. Bender to file for membership in
the New York state and local police and fire retirement system

PURPOSE:
Authorizes the Town of East Greenbush, a participating
employer in the New York State and local police and fire department
system, which previously elected to offer the temporary retirement
incentive, to make participation in such plan available to Richard C.
Bender, by changing his effective date of retirement from August 13,
2010, to October 1, 2010.

SUMMARY OF PROVISIONS:
Section 1 authorizes the Town of East
Greenbush, in the county of Rensselaer, a participating employer in
the New York State and local police and fire department system, which
previously elected to offer the temporary retirement incentive,
established pursuant to chapter 105 of the laws of 2010, to make
participation in such plan available to Richard C. Bender, by
changing the effective date of retirement from August 13, 2010, to
October 1, 2010.

Section 2 specifies that all employer costs associated with
implementing the provisions of this act shall be borne by the Town of
East Greenbush, and may be amortized over a period often years.

Section 3 provides for an immediate effective date.

JUSTIFICATION:
Richard C. Bender, for reasons not ascribable to his
own negligence, failed to retire under the 90 day window offered by
the Town of East Greenbush pursuant to chapter 105 of the laws of 2010.

LOCAL FISCAL IMPLICATIONS:
There will be an estimated, immediate past
service cost of $160,000, which will be borne by the Town of East
Greenbush as a one-time payment, assuming payment on February 1,
2012. The interest cost would be approximately $21,700.

EFFECTIVE DATE:
Effective immediately.

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

                                  3422

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            February 22, 2011
                               ___________

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 in relation to authorizing Richard C. Bender to file for  member-
  ship in the New York state and local police and fire retirement system

  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 East Greenbush, in the county of Rensselaer, a participating
employer in the New York state and  local  police  and  fire  retirement
system,  which  previously  elected  to  offer  the temporary retirement
incentive, established pursuant to chapter 105 of the laws of  2010,  is
hereby  authorized to make participation in such plan available to Rich-
ard C. Bender, who was employed by the Town of East Greenbush from Octo-
ber 3, 1980 and who retired from the New York state and local employees'
retirement system effective August 13, 2010, and for reasons not ascrib-
able to his own negligence, failed to retire  under  the  90  retirement
incentive  day  window offered by the Town of East Greenbush pursuant to
chapter 105 of the laws of 2010 shall be hereby eligible to  change  the
date of retirement to October 1, 2010.
  S 2. All employer costs associated with implementing the provisions of
this  act  shall be borne by the Town of East Greenbush and may be amor-
tized over a period of ten years.
  S 3. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
  This bill would allow Richard C. Bender, a retiree  of  the  New  York
State  and  Local  Employees'  Retirement  System, to change his date of
retirement to October 1, 2010 to be within the 90 day retirement  incen-
tive  window  offered  by  the Town of East Greenbush for the retirement
benefits under the provisions of Chapter 105 of the laws of 2010.
  If this bill is enacted and Richard C. Bender receives the  retirement
incentive, there will be an immediate past service cost of approximately

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08663-01-1

S. 3422                             2

$160,000 which will be borne by the Town of East Greenbush as a one-time
payment.  This  estimate is based on the assumption that payment will be
made on February 1, 2012. If this cost is  amortized  over  a  ten  year
period, the cost for the first year, including interest would be approx-
imately $21,700.
  This  estimate,  dated  December  10,  2011  and intended for use only
during the  2011  Legislative  Session,  is  Fiscal  Note  No.  2011-62,
prepared  by  the  Actuary  for  the New York State and Local Employees'
Retirement System.

S3422A (ACTIVE) - Bill Details

See Assembly Version of this Bill:
A6340
Current Committee:
Law Section:
Retirement

S3422A (ACTIVE) - Bill Texts

view summary

Authorizes the town of East Greenbush, Rensselaer county, to make the retirement incentive offered pursuant to chapter 105 of 2010 available to Richard C. Bender.

view sponsor memo
BILL NUMBER:S3422A

TITLE OF BILL:
An act
authorizing the town of East Greenbush, in the county of Rensselaer, to
make retired employee Richard C. Bender eligible for the retirement
incentive offered by chapter 105 of the laws of 2010

PURPOSE:
Authorizes the Town of East Greenbush, a participating employer in the
New York State and local police and fire department system, which
previously elected to offer the temporary retirement incentive, to
make participation in such plan available to Richard C. Bender, by
changing his effective date of retirement from August 13, 2010, to
October 1, 2010.

SUMMARY OF PROVISIONS:
Section 1 authorizes the Town of East Greenbush, in the county of
Rensselaer, a participating employer in the New York State and local
police and fire department system, which previously elected to offer
the temporary retirement incentive, established pursuant to chapter
105 of the laws of 2010, to make participation in such plan available
to Richard C.
Bender, by changing the effective date of retirement from August 13,
2010, to October 1, 2010.

Section 2 specifies that all employer costs associated with
implementing the provisions of this act shall be borne by the Town of
East Greenbush, and may be amortized over a period often years.

Section 3 provides for an immediate effective date.

JUSTIFICATION:
Richard C. Bender, for reasons not ascribable to his own negligence,
failed to retire under the 90 day window offered by the Town of East
Greenbush pursuant to chapter 105 of the laws of 2010.

LOCAL FISCAL IMPLICATIONS:
There will be an estimated, immediate past service cost of $160,000,
which will be borne by the Town of East Greenbush as a one-time
payment, assuming payment on February 1, 2012. The interest cost
would be approximately $21,700.

EFFECTIVE DATE:
Effective immediately.

view full text
download pdf
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 3422--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            February 22, 2011
                               ___________

Introduced  by Sen. McDONALD -- read twice and ordered printed, and when
  printed to be committed to the Committee on Civil Service and Pensions
  -- committee discharged, bill amended, ordered  reprinted  as  amended
  and recommitted to said committee

AN  ACT authorizing the town of East Greenbush, in the county of Rensse-
  laer, to make retired employee Richard  C.  Bender  eligible  for  the
  retirement incentive offered by chapter 105 of the laws of 2010

  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 East Greenbush, in the county of Rensselaer, a participating
employer in the New York state and local employees'  retirement  system,
which previously elected to offer the temporary retirement incentive for
certain  public  employees,  established  pursuant to chapter 105 of the
laws of 2010, is hereby authorized to make such plan available to  Rich-
ard C. Bender, who was employed by the town of East Greenbush from Octo-
ber 3, 1980 and who retired from the New York state and local employees'
retirement  system  effective  August  13, 2010, and who for reasons not
ascribable to his own negligence, failed to retire under the ninety  day
retirement incentive window offered by the town of East Greenbush pursu-
ant to chapter 105 of the laws of 2010 and to allow Richard C. Bender to
change  the  date  of his retirement to October 1, 2010 if he shall file
such request with the state comptroller by December 31, 2011.
  S 2. All past service costs associated with the implementation of  the
provisions  of this act shall be borne by the town of East Greenbush and
may be amortized over a period of ten years.
  S 3. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
  This bill would allow Richard C. Bender, a retiree  of  the  New  York
State  and  Local  Employees'  Retirement  System, to change his date of
retirement to October 1, 2010 to be within the 90 day retirement  incen-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08663-02-1

S. 3422--A                          2

tive  window  offered  by  the Town of East Greenbush for the retirement
benefits under the provisions of Chapter 105 of the laws  of  2010.  Mr.
Bender  must  file  a request with the state comptroller by December 31,
2011.
  If  this bill is enacted and Richard C. Bender receives the retirement
incentive, there will be an immediate past service cost of approximately
$160,000 which will be borne by the Town of East Greenbush as a one-time
payment. This estimate is based on the assumption that payment  will  be
made  on  February  1,  2012.  If this cost is amortized over a ten year
period, the cost for the first year, including interest would be approx-
imately $21,700.
  This estimate, dated March 4, 2011 and intended for  use  only  during
the  2011  Legislative Session, is Fiscal Note No. 2011-126, prepared by
the Actuary for the New  York  State  and  Local  Employees'  Retirement
System.

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