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NY S07365
Bill
Status
Passed
7/22/2014
Primary Sponsor
Greg Ball
Click for details
AI Summary
- Authorizes the Town of Carmel to make the optional 20-year retirement plan under Section 384-d of the Retirement and Social Security Law available to police sergeant Robert Behan and police officer James Evans, who missed the deadline due to reasons not attributable to their own negligence
- Town of Carmel must file a resolution with the state comptroller by December 31, 2014, certifying that the officers did not bar themselves from participation due to negligence
- Police officers may elect coverage under Section 384-d by filing a request with the state comptroller by June 30, 2015
- Town of Carmel must bear all past service costs associated with the plan, estimated at approximately $67,900 as a one-time payment and approximately $20,100 in increased annual contributions for fiscal year 2015
- Act takes effect immediately upon enactment
Legislative Description
Authorizes the town of Carmel, in the county of Putnam, to offer police officers Robert Behan and James Evans an optional 20 year retirement plan.
Last Action
SIGNED CHAP.174
7/22/2014
Committee Referrals
Governmental Employees6/18/2014
Civil Service and Pensions5/14/2014
Full Bill Text
No bill text available