|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jul 18, 2012||
|Jul 06, 2012||
delivered to governor
|Jun 21, 2012||
returned to assembly
home rule request
3rd reading cal.1483
substituted for s7526
|Jun 21, 2012||
substituted by a10227a
ordered to third reading cal.1483
committee discharged and committed to rules
|May 31, 2012||
referred to civil service and pensions
senate Bill S7526Signed By Governor
Authorizes the city of Niagara Falls to offer an optional twenty year retirement plan to firefighter Richard E. Mylchreest, Jr.
Archive: Last Bill Status Via A10227 - Signed by Governor
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed by Governor
view actions (11)
Jun 21, 2012 - floor VoteA10227A600floor60Aye0Nay0Absent2Excused0Abstained
show floor vote details
Floor Vote: Jun 21, 2012aye (60)
Jun 21, 2012 - Rules committee VoteS7526230committee23Aye0Nay2Aye with Reservations0Absent0Excused0Abstained
- show floor vote details
S7526 - Bill Details
- See Assembly Version of this Bill:
- Law Section:
S7526 - Bill Texts
Authorizes the city of Niagara Falls to offer an optional twenty year retirement plan to firefighter Richard E. Mylchreest.
view sponsor memo
TITLE OF BILL:
to authorize the city of Niagara Falls, in the county of Niagara, to
offer an optional twenty year retirement plan to firefighter Richard E.
To make the benefits of plan 384-d of the New York State and
Local Police and Fire Retirement System available to Firefighter
Richard E. Mylchreest, Jr. who, for reasons not ascribable to his own
negligence, failed to make a timely application to participate in
such optional twenty year retirement plan.
SUMMARY OF SPECIFIC PROVISIONS:
Section 1 allows the City of Niagara
Falls to make participation in the optional twenty year retirement
plan (section 384-d) available for FireFighter Richard E. Mylchreest.
Section 2 requires that all employer costs associated with this act
shall be paid by the City of Niagara Falls.
Section 3 contains the effective date
This legislation is necessary to allow
the City of
Niagara Falls to make participation in plan 384-d of the New York
State and Local Police and Fire Retirement System available for
Firefighter Richard E. Mylchreest
PRIOR LEGISLATIVE HISTORY:
None to the State.
This act shall take effect immediately.
view full text
S T A T E O F N E W Y O R K ________________________________________________________________________ 7526 I N S E N A T E May 31, 2012 ___________ Introduced by Sen. GRISANTI -- read twice and ordered printed, and when printed to be committed to the Committee on Civil Service and Pensions AN ACT to authorize the city of Niagara Falls, in the county of Niagara, to offer an optional twenty year retirement plan to firefighter Rich- ard E. Mylchreest, Jr. 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 city of Niagara Falls, in the county of Niagara, 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 firefighters employed by such city, is here- by authorized to make participation in such plan available to Richard E. Mylchreest, Jr., a firefighter employed by the city of Niagara Falls, who, for reasons not ascribable to his own negligence, enrolled in the retirement plan established pursuant to section 375-i of the retirement and social security law. The city of Niagara Falls may so elect by filing with the state comptroller, on or before December 31, 2012, a resolution of its city council together with certification that such firefighter did not bar himself from participation in such retirement plan as a result of his own negligence. Thereafter, such firefighter 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 February 28, 2013. S 2. All past service costs associated with implementing the provisions of this act shall be borne by the city of Niagara Falls. S 3. This act shall take effect immediately. FISCAL NOTE.--This bill will allow the City of Niagara Falls to reopen the provisions of Section 384-d, therefore granting coverage under Section 384-e of the Retirement and Social Security Law for firefighter Richard E. Mylchreest, Jr. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15547-04-2 S. 7526 2 If this legislation is enacted during the 2012 legislative session, we anticipate that there will be an increase of approximately $5,800 in the annual contributions of the City of Niagara Falls for the fiscal year ending March 31, 2013. In addition to the annual contributions discussed above, there will be an immediate past service cost of approximately $102,000, which would be borne by the City of Niagara Falls as a one-time payment. This estimate is based on the assumption that payment will be made on February 1, 2013. Summary of relevant resources: Data: March 31, 2011 Actuarial Year End File with distributions of membership and other statistics displayed in the 2011 Report of the Actuary and 2011 Comprehensive Annual Financial Report. Assumptions and Methods: 2010 and 2011 Annual Report to the Comp- troller on Actuarial Assumptions, Codes Rules and Regulations of the State of New York: Audit and Control. Market Assets and GASB Disclosures: March 31, 2011 New York State and Local Retirement System Financial Statements and Supplementary Informa- tion. Valuations of Benefit Liabilities and Actuarial Assets: summarized in the 2011 Actuarial Valuations report. I am a member of the American Academy of Actuaries and meet the Quali- fication Standards to render the actuarial opinion contained herein. This estimate, dated May 14, 2012, and intended for use only during the 2012 Legislative Session, is Fiscal Note No. 2012-145, prepared by the Actuary for the New York State and Local Police and Fire Retirement System.
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