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NY A08300
Bill
Status
11/27/2020
Primary Sponsor
Kenneth Zebrowski
Click for details
AI Summary
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Authorizes the town of Clarkstown to make the optional retirement plan under section 384-d of the Retirement and Social Security Law available to four named police officers: Edward Fairclough, Kyle McKiernan, Corry Doyle, and Sean Weaver.
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Allows these officers to elect coverage under section 384-d by filing a request with the state comptroller within one year of the act's effective date, despite previously missing the deadline for reasons not attributable to their own negligence.
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Requires the town of Clarkstown to bear all past service costs associated with the retirement option change.
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Imposes an estimated one-time past service cost of $106,000 (due February 1, 2021) and an estimated annual contribution increase of approximately $24,000 for fiscal year 2021 on the town of Clarkstown.
Legislative Description
Authorizes the town of Clarkstown to offer a certain retirement option to Clarkstown police officers Edward Fairclough, Kyle McKiernan, Corry Doyle, and Sean Weaver.
Last Action
signed chap.290
11/27/2020