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NY A09222
Bill
Status
7/18/2012
Primary Sponsor
Teresa Sayward
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AI Summary
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Authorizes the town of Inlet in Hamilton County to extend eligibility for the optional 20-year retirement plan under NY Retirement and Social Security Law Section 384-d to Sergeant John Harrington, who missed the application deadline through no fault of his own.
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Requires the town to file a resolution with the state comptroller by December 31, 2013, certifying that Harrington's failure to apply timely was not due to his own negligence.
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Allows Harrington to elect coverage under the 20-year plan by filing a request with the state comptroller on or before June 30, 2014, with full rights and benefits under Section 384-d.
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Town of Inlet bears all costs, including an estimated one-time past service cost of approximately $40,400 and increased annual contributions of approximately $3,600 for fiscal year ending March 31, 2013.
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Effective immediately upon enactment.
Legislative Description
Authorizes the town of Inlet to offer a 20 year retirement plan to police officer John Harrington.
Last Action
signed chap.132
7/18/2012