senate Bill S4312

2013-2014 Legislative Session

Authorizes the city of Mount Vernon to offer certain retirement options to Christopher Grieco, Wendell Griffin, Patsy Leone and Jeremy Villanueva, police officers employed by such city

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Committee


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

do you support this bill?

Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to local government
Mar 20, 2013 referred to local government

S4312 - Bill Details

See Assembly Version of this Bill:
A6183
Current Committee:
Senate Local Government
Law Section:
Mount Vernon, City of
Versions Introduced in Previous Legislative Sessions:
2011-2012: A6191A, S3816, S3816A
2009-2010: A10849A, S7765

S4312 - Bill Texts

view summary

Authorizes the city of Mount Vernon to offer certain retirement options to Christopher Grieco, Wendell Griffin, Patsy Leone and Jeremy Villanueva, police officers employed by such city.

view sponsor memo
BILL NUMBER:S4312

TITLE OF BILL: An act to authorize the city of Mount Vernon, in the
county of Westchester, to offer certain retirement options to
Christopher Grieco, Wendell Griffin, Patsy Leone and Jeremy
Villanueva, police officers employed by such city

PURPOSE OR GENERAL IDEA OF BILL:

To reopen the provisions of section 384-d of the retirement and social
security law for 4 police officers in the City of Mount Vernon.

JUSTIFICATION:

Due to an oversight by the Department of Public Safety, the 4 officers
were placed into the 375-1 plan of the retirement system instead of
the 384-d plan. The officers were not able to fix the error within the
allowed time frame of one year. As such, legislation will be enacted
to allow the officers to be placed in the desired plan.

PRIOR LEGISLATIVE HISTORY:

A10849A 2009/2010 referred to governmental employees.

FISCAL IMPLICATIONS:

This bill will allow the City of Mount Vernon to reopen the provisions
of Section 384-d of the Retirement and Social Security Law for four
Police Officers: Christopher Grieco, Wendell Griffin, Patsy Leone and
Jeremy Villanueva.

If this legislation is enacted during the 2013 Legislative Session we
anticipate that there will be an increase of approximately $31,000 in
the annual contributions of the City of Mount Vernon for the fiscal
year ending March 31, 2014.

In addition to the annual contributions discussed above, there will be
an immediate past service cost of approximately $124,000, which would
be borne by the City of Mount Vernon as a one-time payment. This
estimate is based on the assumption that payment will be made on
February 1, 2014.

EFFECTIVE DATE:

This act shall take effect immediately.

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

                                  4312

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                             March 20, 2013
                               ___________

Introduced  by  Sen. HASSELL-THOMPSON -- read twice and ordered printed,
  and when printed to be committed to the Committee on Local Government

AN ACT to authorize the city of Mount Vernon, in the county of Westches-
  ter, to  offer  certain  retirement  options  to  Christopher  Grieco,
  Wendell  Griffin,  Patsy  Leone and Jeremy Villanueva, police officers
  employed by such city

  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 Mount Vernon, in the county of Westchester, a participating
employer in the New York state and  local  police  and  fire  retirement
system,  which  previously elected to offer the optional retirement plan
established pursuant to section 384-d of the retirement and social secu-
rity law to police officers employed by such city, is hereby  authorized
to  make  participation  in  such  plan available to Christopher Grieco,
Wendell Griffin, Patsy Leone  and  Jeremy  Villanueva,  police  officers
employed by the city of Mount Vernon, who, on the effective date of this
act  are covered under the provisions of section 375-i of the retirement
and social security law, and who, for reasons not  ascribable  to  their
own  negligence  failed  to  make a timely application to participate in
such optional retirement plan. The city of Mount Vernon may so elect  by
filing  with the state comptroller, on or before June 30, 2014, a resol-
ution of its legislative body together with certification that any  such
police officer did not bar himself or herself from participation in such
retirement  plan  as  a result of his or her own negligence. Thereafter,
any 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 benefits associated with coverage  under
such  section,  by  filing a request to that effect with the state comp-
troller on or before June 30, 2014.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06408-02-3

S. 4312                             2

  S 2. All costs associated with implementing the provisions of this act
shall be borne by the city of Mount Vernon.
  S 3. This act shall take effect immediately.
  FISCAL  NOTE.--This bill will allow the City of Mount Vernon to reopen
the provisions of Section 384-d of the Retirement  and  Social  Security
Law for four Police Officers: Christopher Grieco, Wendell Griffin, Patsy
Leone and Jeremy Villanueva.
  If  this  legislation is enacting during the 2013 legislative session,
we anticipate that there will be an increase of approximately $31,000 in
the annual contributions of the City of Mount Vernon for the fiscal year
ending March 31, 2014.
  In addition to the annual contributions discussed above, there will be
an immediate past service cost of approximately $124,000, which would be
borne by the City of Mount Vernon as a one-time payment.  This  estimate
is  based  on  the  assumption  that payment will be made on February 1,
2014.
  Summary of relevant resources:
  Data: March 31, 2012 Actuarial Year End  File  with  distributions  of
membership  and  other  statistics  displayed  in the 2012 Report of the
Actuary and 2012 Comprehensive Annual Financial Report.
  Assumptions and Methods: 2010, 2011 and  2012  Annual  Report  to  the
Comptroller on Actuarial Assumptions, Codes Rules and Regulations of the
State of New York: Audit and Control.
  Market  Assets and GASB Disclosures: March 31, 2012 New York State and
Local Retirement System Financial Statements and Supplementary  Informa-
tion.
  Valuations  of Benefit Liabilities and Actuarial Assets: summarized in
the 2012 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 March 12, 2013 and intended for use  only  during
the  2013  Legislative Session, is Fiscal Note No. 2013-100, prepared by
the Actuary for the New York State and Local Police and Fire  Retirement
System.

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.