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NY A09907
Bill
Status
5/27/2014
Primary Sponsor
Joseph Morelle
Click for details
AI Summary
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Authorizes the St. Paul Boulevard Fire District in Rochester to reopen enrollment in the optional twenty year retirement plan under the New York State Police and Fire Retirement System for six named firefighters who missed the deadline due to reasons not attributable to their negligence
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Requires the fire district to file a resolution with the state comptroller by December 31, 2014, certifying that the firefighters did not fail to enroll through their own negligence
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Permits the six firefighters to elect coverage under the plan by filing a request with the state comptroller by June 30, 2015
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Places all employer past service costs on the St. Paul Boulevard Fire District, which may be paid in ten equal annual installments, estimated at approximately $204,500 upfront or $27,700 annually if amortized
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Increases the fire district's annual pension contributions by approximately $22,000 in fiscal year 2015, with future costs varying based on billing rates and salaries
Legislative Description
Authorizes the St. Paul Boulevard fire district to offer an optional twenty year retirement plan to firefighters Robert J. Anderson, Edmond Kaspar, Kevin Magin, Jeremy Schaeffer, John Semmler and Timothy Warth.
Last Action
substituted by s7683
6/18/2014