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NY A09442

Bill

Status

Passed

9/27/2024

Primary Sponsor

Monica Wallace

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Authorizes the City of Buffalo to offer an optional twenty-year retirement plan under section 384-d of the Retirement and Social Security Law to firefighters Rhiannon Maguire and Jeffrey Brett, who missed the deadline due to reasons not attributable to their own negligence.

  • Requires the City of Buffalo to file a resolution with the state comptroller within nine months of the act's effective date, certifying that the firefighters did not bar themselves from participation through negligence.

  • Allows the two firefighters to elect coverage under sections 384-d and 384-e of the Retirement and Social Security Law by filing a request with the state comptroller within one year of the act's effective date.

  • All employer past service costs shall be borne by the City of Buffalo, with an option to amortize costs over a ten-year period at approximately $45,600 annually, or pay a lump sum of approximately $357,000.

  • Act takes effect immediately upon enactment.

Legislative Description

Authorizes the city of Buffalo to offer an optional twenty year retirement plan to firefighters Rhiannon Maguire and Jeffrey Brett.

Last Action

signed chap.418

9/27/2024

Committee Referrals

Rules6/4/2024
Rules6/4/2024
Ways and Means5/31/2024
Governmental Employees3/14/2024

Full Bill Text

No bill text available