senate Bill S3505

Signed By Governor
2011-2012 Legislative Session

Authorizes the village of Maybrook, in Orange county, to offer an optional 20 year retirement plan to police officer Michael E. Maresca

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Archive: Last Bill Status Via A6043 - Signed by Governor


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Aug 03, 2011 signed chap.369
Jul 22, 2011 delivered to governor
Jun 21, 2011 returned to assembly
passed senate
home rule request
3rd reading cal.1459
substituted for s3505
Jun 21, 2011 substituted by a6043
ordered to third reading cal.1459
committee discharged and committed to rules
Feb 24, 2011 referred to civil service and pensions

Votes

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S3505 - Bill Details

See Assembly Version of this Bill:
A6043
Law Section:
Retirement
Versions Introduced in 2009-2010 Legislative Session:
S8306, A11530

S3505 - Bill Texts

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Authorizes the village of Maybrook, in Orange county, to offer an optional 20 year retirement plan to police officer Michael E. Maresca.

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BILL NUMBER:S3505

TITLE OF BILL:

An act
to authorize the village
of Maybrook, in the county of Orange, to offer
an optional twenty year retirement plan to police officer
Michael E. Maresca

PURPOSE:

The purpose of this bill is to allow the village of Maybrook to make
available to police officer Michael E. Maresca the optional twenty
year retirement plan established pursuant to section 384-d of the
retirement and social security law.

SUMMARY OF PROVISIONS:

Section 1 states that the village of Maybrook 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 police officers employed by such village, is authorized to make
participation in such plan available to Michael E. Maresca, a police
officer employed by the village of Maybrook, for the term of his
employment by such village, who for reasons not ascribable to his own
negligence failed to make a timely application to participate in such
optional twenty year retirement plan.

Section 2 states that all employer costs associated with implementing
the provisions of this act shall be borne by the village of Maybrook.

JUSTIFICATION:

Police Officer Michael E. Maresca for reasons not ascribable to his
own negligence failed to make a timely application to participate in
the optional twenty year retirement plan, established pursuant to
section 384-d of the retirement and social security law. Legislation
is therefore needed to remedy this situation.

LEGISLATIVE HISTORY:

S.8306 OF 2010

LOCAL FISCAL IMPLICATIONS:

There will be an anticipated increase of approximately $2,540 in the
annual contributions of the Village of Maybrook for the fiscal year
ending March 31, 2012. In addition to the annual contributions
discussed above, there will be an immediate past service cost of
approximately $8,800 which would be borne by the Village of Maybrook.

The Village of Maybrook is willing to cover all costs associated with
this legislation.

EFFECTIVE DATE:


Immediately.

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

                                  3505

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            February 24, 2011
                               ___________

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

AN ACT to authorize the village of Maybrook, in the county of Orange, to
  offer an optional twenty year retirement plan to police officer Micha-
  el E. Maresca

  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  village  of  Maybrook,  in  the  county  of Orange, 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 police officers employed by such village, is
hereby authorized to make participation in such plan available to Micha-
el E. Maresca, a police officer employed by  the  village  of  Maybrook,
who,  for  reasons not ascribable to his own negligence failed to make a
timely application to participate in such optional twenty  year  retire-
ment  plan.    The  village  of Maybrook may so elect by filing with the
state comptroller, on or before December 31, 2011, a resolution  of  its
board  of  trustees 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 bene-
fits associated with coverage under such section, by filing a request to
that effect with the state comptroller on or before June 30, 2012.
  S  2.  All  past  service  costs  associated  with  implementing   the
provisions of this act shall be borne by the village of Maybrook.
  S 3. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02808-02-1

S. 3505                             2

  FISCAL NOTE.--This bill will allow the Village of Maybrook to elect to
reopen  the  provisions  of  Section  384-d of the Retirement and Social
Security Law for Police Officer Michael E. Maresca.
  If  this  bill  is  enacted and the above officer become covered under
Section 384-d, we anticipate that there will be an increase of  approxi-
mately $3,900 in the annual contributions of the Village of Maybrook for
the fiscal year ending March 31, 2012.
  In addition to the annual contributions discussed above, there will be
an  immediate  past  service cost of approximately $8,800 which would be
borne by the Village of Maybrook. This estimate is based on the  assump-
tion that payment will be made on February 1, 2012.
  This  estimate,  dated  February  15,  2011  and intended for use only
during the 2011  Legislative  Session,  is  Fiscal  Note  No.  2011-114,
prepared by the Actuary for the New York State and Local Police and Fire
Retirement System.

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