Bill Text: NY S07675 | 2013-2014 | General Assembly | Introduced


Bill Title: Provides for a period of probable usefulness for the payment of the past service cost by the city of Elmira to provide additional pension benefits to eligible firefighters employed by such city.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2014-10-21 - SIGNED CHAP.422 [S07675 Detail]

Download: New_York-2013-S07675-Introduced.html
                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         7675
                                   I N  S E N A T E
                                     May 28, 2014
                                      ___________
       Introduced  by  Sen.  O'MARA -- read twice and ordered printed, and when
         printed to be committed to the Committee on Local Government
       AN ACT to amend the local finance law, in relation to  providing  for  a
         period of probable usefulness for the payment of the past service cost
         by the city of Elmira to provide additional pension benefits to eligi-
         ble firefighters employed by such city
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Paragraph a of section 11.00 of the local  finance  law  is
    2  amended by adding a new subdivision 107 to read as follows:
    3    107.  PAYMENT  BY  THE  CITY OF ELMIRA, COUNTY OF CHEMUNG, OF THE PAST
    4  SERVICE COST DUE TO THE NEW YORK STATE AND LOCAL POLICE AND FIRE RETIRE-
    5  MENT SYSTEM TO PROVIDE ADDITIONAL PENSION BENEFITS PURSUANT TO  SECTIONS
    6  THREE  HUNDRED  SEVENTY-FIVE-I  AND  THREE HUNDRED SEVENTY-FIVE-J OF THE
    7  RETIREMENT AND SOCIAL SECURITY LAW TO ELIGIBLE FIREFIGHTERS EMPLOYED  BY
    8  THE CITY OF ELMIRA, TEN YEARS.
    9    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD15399-01-4
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