Assembly Bill A7507

Signed By Governor
2017-2018 Legislative Session

Authorizes the village of Port Chester to offer an optional twenty year retirement plan to a certain police officer employed by such village

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Archive: Last Bill Status Via S5551 - Signed by Governor


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

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2017-A7507 (ACTIVE) - Details

See Senate Version of this Bill:
S5551
Law Section:
Retirement

2017-A7507 (ACTIVE) - Summary

Authorizes the village of Port Chester to offer an optional twenty year retirement plan to Police Officer Michael Sprague who is employed by such village.

2017-A7507 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7507
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              April 28, 2017
                                ___________
 
 Introduced  by  M. of A. OTIS -- read once and referred to the Committee
   on Governmental Employees
 
 AN ACT to authorize the village of Port Chester  to  offer  an  optional
   twenty  year  retirement  plan to a certain police officer employed by
   such village
 
   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,
 Michael  Sprague,  a  member  of the New York state and local police and
 fire retirement system, who was appointed as a police officer  with  the
 village of Port Chester on January 7, 2013, and who, through no fault of
 his  own,  failed  to  file  a  timely application to participate in the
 special twenty year retirement plan contained in section  384-d  of  the
 retirement  and  social  security  law resulting in the crediting of his
 service with the village of Port Chester in the general retirement  plan
 contained  in  section  375-i of such law, shall be given full credit in
 the special twenty year  retirement  plan  for  such  service  upon  the
 election of the village of Port Chester to assume the additional cost of
 such service. Thereafter, Michael Sprague 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 the effect with the
 state comptroller within one year of the effective date of this act.
   § 2. All employer past service costs associated with implementing  the
 provisions of this act shall be borne by the village of Port Chester and
 may be amortized over a ten year period.
   § 3. This act shall take effect immediately.
   FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
   This bill will allow Michael Sprague, a police officer employed by the
 Village of Port Chester, to elect to become covered under the provisions
 of Sections 384-d.

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

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