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NY A08892

Bill

Status

Introduced

1/26/2024

Primary Sponsor

Scott Gray

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

Committee Referrals

Rules6/7/2024
Ways and Means5/29/2024
Governmental Employees1/26/2024

Full Bill Text

No bill text available