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NY A08892
Bill
Status
1/26/2024
Primary Sponsor
Scott Gray
Click for details
AI Summary
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Allows Joshua David, a police officer employed by the Village of Clayton since 2009, to participate in the section 384-d special twenty year retirement plan despite missing the original enrollment deadline through no fault of his own.
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Requires the Village of Clayton to elect participation within one year of the act's effective date by filing a resolution with the state comptroller certifying that David did not negligently exclude himself from the plan.
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Permits David to elect coverage under section 384-d within eighteen months of the act's effective date and entitles him to full rights and benefits under that plan.
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Makes the Village of Clayton responsible for all employer past service costs, estimated at approximately $164,000 as a one-time payment, with the option to amortize over five years at approximately $36,600 annually.
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Takes effect immediately upon enactment.
Legislative Description
Authorizes the village of Clayton to offer an optional twenty year retirement plan to Joshua David, a police officer employed by such village.
Last Action
substituted by s9300
6/7/2024