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NY S08217
Bill
Status
11/11/2020
Primary Sponsor
James Seward
Click for details
AI Summary
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Authorizes the City of Cortland to allow firefighter Travis Marshall 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 his own.
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Requires the City of Cortland to file a resolution with the state comptroller within 12 months of the act's effective date, certifying that Marshall's failure to apply was not due to his own negligence.
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Allows Marshall to elect coverage under the plan by filing a request with the state comptroller within 6 months of the city's filing, entitling him to full rights and benefits associated with the plan.
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Requires the City of Cortland to bear all past costs of implementing the provision, which may be amortized over a ten-year period; estimated at $13,600 in past service cost and approximately $2,600 in additional annual contributions for fiscal year 2021.
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Takes effect immediately upon enactment.
Legislative Description
Authorizes the city of Cortland to offer an optional twenty year retirement plan to firefighter Travis Marshall, who, for reasons not ascribable to his own negligence, failed to make a timely application to participate in such plan previously established by the retirement and social security law.
Last Action
signed chap.264
11/11/2020