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NY S06716
Bill
Status
2/9/2016
Primary Sponsor
Thomas Croci
Click for details
AI Summary
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Allows retired Suffolk County police officers in the New York State and Local Police and Fire Retirement System who separated from service before April 1, 2015 to have compensatory time included in their final average salary calculations for retirement benefits.
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Requires Suffolk County to elect to provide these additional benefits by filing a resolution with the State Comptroller on or before December 31, 2016.
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Permits affected police officers to request recalculation of their retirement benefits with the State Comptroller on or before June 30, 2017, effective retroactively to their retirement date.
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Requires Suffolk County to bear all past service costs associated with implementing this act, which may be amortized over a period of ten years.
Legislative Description
Relates to recalculation of earned benefits for certain members enrolled in an optional retirement plan.
Last Action
COMMITTED TO RULES
6/17/2016