Assembly Bill A8424

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

                                  8424

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                              June 15, 2011
                               ___________

Introduced  by  M.  of A. CROUCH, FINCH -- read once and referred to the
  Committee on Governmental Employees

AN ACT to authorize the county of Broome to  offer  an  optional  twenty
  year  retirement plan to deputy sheriffs Richard Merrell and Frederick
  Akshar

  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 county of Broome, a participating employer in the New York state and
local  employees'  retirement  system, which previously elected to offer
the optional  twenty  year  retirement  plan,  established  pursuant  to
section  552  of  the  retirement  and social security law, to sheriffs,
under-sheriffs and deputy sheriffs employed by such  county,  is  hereby
authorized  to make participation in such plan and benefits available to
Richard Merrell and Frederick Akshar, deputy sheriffs  employed  by  the
county  of  Broome,  who, for reasons not ascribable to their own negli-
gence, failed to make  a  timely  application  to  participate  in  such
optional twenty year retirement plan.  The county of Broome may so elect
by  filing with the state comptroller, on or before December 31, 2011, a
resolution of its local legislative  body  together  with  certification
that  such  deputy sheriffs did not bar themselves from participation in
such retirement plan as a result of their  own  negligence.  Thereafter,
such  deputy  sheriffs  may  elect  to  be  covered by the provisions of
section 552 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  comp-
troller on or before June 30, 2012.
  S  2.  All  employer "past service" costs associated with implementing
the provisions of this act shall be borne by the county of Broome.
  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.
                                                           LBD11765-02-1
              

A. 8424                             2

  This bill would allow  Broome  County  to  reopen  the  provisions  of
Section  552  of the Retirement and Social Security Law for deputy sher-
iffs Richard Merrell and Frederick Akshar.
  If this legislation is enacted during the 2011 legislative session, we
anticipate  that  there would be an increase of approximately $13,400 in
the annual contributions of Broome 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 $23,300, which  would
be  borne by Broome 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 14, 2011, and intended for use  only  during
the  2011  Legislative Session, is Fiscal Note No. 2011-205, prepared by
the Actuary for the New  York  State  and  Local  Employees'  Retirement
System.