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NY A09095
Bill
Status
1/26/2016
Primary Sponsor
Daniel Stec
Click for details
AI Summary
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Authorizes the city of Glens Falls to allow Micki Guy, a firefighter, to participate in the optional twenty-year retirement plan under section 384-d of the Retirement and Social Security Law, despite missing the original application deadline through no fault of her own.
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Micki Guy must file a request with the state comptroller by December 31, 2016 to elect coverage under section 384-e and receive all associated rights and benefits.
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The city of Glens Falls must bear all past service costs associated with the plan participation and may amortize these costs over a ten-year period.
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Anticipated to increase the city's annual pension contributions by approximately $2,070 in fiscal year 2016.
Legislative Description
Authorizes Micki Guy, a firefighter in the city of Glens Falls, in the county of Warren, to elect to participate in the optional 20 year retirement program.
Last Action
substituted by s6545
6/15/2016