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NY S07675

Bill

Official Source

Status

Passed

10/21/2014

Primary Sponsor

Thomas O'Mara

Click for details

Origin

Senate

2013-2014 General Assembly

AI Summary

  • Amends Local Finance Law Section 11.00 to add a new subdivision 107 establishing a ten-year period of probable usefulness for Elmira's payment of past service costs
  • Authorizes the City of Elmira in Chemung County to pay past service costs to the New York State and Local Police and Fire Retirement System
  • The past service cost payments provide additional pension benefits to eligible firefighters employed by the City of Elmira under Sections 375-I and 375-J of the Retirement and Social Security Law
  • Takes effect immediately upon enactment

Legislative Description

Provides for a period of probable usefulness for the payment of the past service cost by the city of Elmira to provide additional pension benefits to eligible firefighters employed by such city.

Last Action

SIGNED CHAP.422

10/21/2014

Committee Referrals

Cities6/10/2014
Rules6/3/2014
Local Government5/28/2014

Full Bill Text

No bill text available