Bill Text: NY A00857 | 2015-2016 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Creates the Hudson River pilots surcharge board; provides that the board shall determine the rate of surcharge to be applied and benefits provided to Hudson River pilots.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2015-06-18 - substituted by s3951b [A00857 Detail]

Download: New_York-2015-A00857-Introduced.html
                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                          857
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                    January 7, 2015
                                      ___________
       Introduced  by  M. of A. CAHILL -- Multi-Sponsored by -- M. of A. CUSICK
         -- read once and referred to the Committee on Transportation
       AN ACT to amend the navigation law, in relation to  the  creation  of  a
         Hudson River pilots surcharge board
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Paragraph (a) of subdivision 4 of section 89-a of the navi-
    2  gation law, as added by chapter 197 of the laws of 1990, is  amended  to
    3  read as follows:
    4    (a)  Every  foreign  vessel  and  every American vessel under register
    5  navigating the waters of that portion of the Hudson river  specified  in
    6  this  section  shall  be  subject  to BASE pilotage [fees, at the] rates
    7  hereinafter specified in this subdivision:
    8    S 2. Subparagraph 1 of paragraph (b) of subdivision 4 of section  89-a
    9  of the navigation law, as amended by chapter 392 of the laws of 2006, is
   10  amended to read as follows:
   11    (1)  (I)  All  vessels of 100 pilotage units and over shall pay $12.17
   12  per pilotage unit for Section 1, Lower  River;  Yonkers,  to  all  ports
   13  through Hyde Park.
   14  The following charges shall be applicable to Section 1, Lower River:
   15  Up to 50 pilotage units ........................................ $852.97
   16  More than 50 and up to 100 pilotage units ..................... $1217.00
   17  All vessels of 100 pilotage units and over shall pay ............ $17.19
   18  per  pilotage  unit  for  Section  2, Upper River; Yonkers, to all ports
   19  beyond Hyde Park through Albany or Troy.
   20  The following charges shall be applicable to Section 2, Upper River:
   21  Up to 50 pilotage units ....................................... $1406.05
   22  More than 50 and up to 100 pilotage units ..................... $1719.00
   23  A maximum charge of up to 500 pilotage units shall be applicable.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD04664-01-5
       A. 857                              2
    1    (II) TWELVE MONTHS AFTER THE EFFECTIVE DATE OF THIS CLAUSE THE FOLLOW-
    2  ING BASE PILOTAGE RATES SHALL BE APPLICABLE:
    3    ALL  VESSELS OF 100 PILOTAGE UNITS AND OVER SHALL PAY $12.41 PER PILO-
    4  TAGE UNIT FOR SECTION 1, LOWER RIVER; YONKERS, TO ALL PORTS THROUGH HYDE
    5  PARK.
    6  THE FOLLOWING BASE PILOTAGE RATES SHALL  BE  APPLICABLE  TO  SECTION  1,
    7  LOWER RIVER:
    8  UP TO 50 PILOTAGE UNITS ........................................ $870.03
    9  MORE THAN 50 AND UP TO 100 PILOTAGE UNITS ..................... $1241.00
   10  A MAXIMUM CHARGE OF UP TO 500 PILOTAGE UNITS
   11  SHALL BE APPLICABLE.
   12  ALL  VESSELS  OF  100  PILOTAGE UNITS AND OVER SHALL PAY A BASE PILOTAGE
   13  RATE OF .......................................................... 17.53
   14  PER PILOTAGE UNIT FOR SECTION 2,
   15  UPPER RIVER; YONKERS, TO ALL PORTS BEYOND HYDE
   16  PARK THROUGH ALBANY OR TROY.
   17  THE FOLLOWING BASE PILOTAGE RATES SHALL  BE  APPLICABLE  TO  SECTION  2,
   18  UPPER RIVER:
   19  UP TO 50 PILOTAGE UNITS ....................................... $1434.17
   20  MORE THAN 50 AND UP TO 100 PILOTAGE UNITS ..................... $1753.00
   21  A MAXIMUM CHARGE OF UP TO 500 PILOTAGE UNITS SHALL BE APPLICABLE.
   22    (III)  TWENTY-FOUR  MONTHS AFTER THE EFFECTIVE DATE OF THIS CLAUSE THE
   23  FOLLOWING BASE PILOTAGE RATES SHALL BE APPLICABLE:
   24    ALL VESSELS OF 100 PILOTAGE UNITS AND OVER SHALL PAY $12.66 PER  PILO-
   25  TAGE UNIT FOR SECTION 1, LOWER RIVER; YONKERS, TO ALL PORTS THROUGH HYDE
   26  PARK.
   27  THE  FOLLOWING  BASE  PILOTAGE  RATES  SHALL BE APPLICABLE TO SECTION 1,
   28  LOWER RIVER:
   29  UP TO 50 PILOTAGE UNITS ........................................ $887.43
   30  MORE THAN 50 AND UP TO 100 PILOTAGE UNITS ..................... $1266.00
   31  A MAXIMUM CHARGE OF UP TO 500 PILOTAGE UNITS SHALL BE APPLICABLE.
   32  ALL VESSELS OF 100 PILOTAGE UNITS AND OVER SHALL  PAY  A  BASE  PILOTAGE
   33  RATE OF ......................................................... $17.88
   34  PER  PILOTAGE  UNIT  FOR  SECTION  2, UPPER RIVER; YONKERS, TO ALL PORTS
   35  BEYOND HYDE PARK THROUGH ALBANY OR TROY.
   36  THE FOLLOWING BASE PILOTAGE RATES SHALL  BE  APPLICABLE  TO  SECTION  2,
   37  UPPER RIVER:
   38  UP TO 50 PILOTAGE UNITS ....................................... $1462.85
   39  MORE THAN 50 AND UP TO 100 PILOTAGE UNITS ..................... $1788.00
   40  A MAXIMUM CHARGE OF UP TO 500 PILOTAGE UNITS SHALL BE APPLICABLE.
   41    (IV)  THIRTY-SIX  MONTHS  AFTER  THE EFFECTIVE DATE OF THIS CLAUSE THE
   42  FOLLOWING BASE PILOTAGE RATES SHALL BE APPLICABLE:
   43    ALL VESSELS OF 100 PILOTAGE UNITS AND OVER SHALL PAY $12.85 PER  PILO-
   44  TAGE UNIT FOR SECTION 1, LOWER RIVER; YONKERS, TO ALL PORTS THROUGH HYDE
   45  PARK.
   46  THE  FOLLOWING  BASE  PILOTAGE  RATES  SHALL BE APPLICABLE TO SECTION 1,
   47  LOWER RIVER:
   48  UP TO 50 PILOTAGE UNITS ........................................ $900.74
   49  MORE THAN 50 AND UP TO 100 PILOTAGE UNITS ..................... $1285.00
   50  A MAXIMUM CHARGE OF UP TO 500 PILOTAGE UNITS SHALL BE APPLICABLE.
   51  ALL VESSELS OF 100 PILOTAGE UNITS AND OVER SHALL  PAY  A  BASE  PILOTAGE
   52  RATE OF ......................................................... $18.15
   53  PER  PILOTAGE  UNIT  FOR  SECTION  2, UPPER RIVER; YONKERS, TO ALL PORTS
   54  BEYOND HYDE PARK THROUGH ALBANY OR TROY.
       A. 857                              3
    1  THE FOLLOWING BASE PILOTAGE RATES SHALL  BE  APPLICABLE  TO  SECTION  2,
    2  UPPER RIVER:
    3  UP TO 50 PILOTAGE UNITS ....................................... $1484.48
    4  MORE THAN 50 AND UP TO 100 PILOTAGE UNITS ..................... $1815.00
    5  A MAXIMUM CHARGE OF UP TO 500 PILOTAGE UNITS SHALL BE APPLICABLE.
    6    (V)  FORTY-EIGHT  MONTHS  AFTER  THE EFFECTIVE DATE OF THIS CLAUSE THE
    7  FOLLOWING BASE PILOTAGE RATES SHALL BE APPLICABLE:
    8    ALL VESSELS OF 100 PILOTAGE UNITS AND OVER SHALL PAY $13.07 PER  PILO-
    9  TAGE UNIT FOR SECTION 1, LOWER RIVER; YONKERS, TO ALL PORTS THROUGH HYDE
   10  PARK.
   11  THE  FOLLOWING  BASE  PILOTAGE  RATES  SHALL BE APPLICABLE TO SECTION 1,
   12  LOWER RIVER:
   13  UP TO 50 PILOTAGE UNITS ........................................ $914.25
   14  MORE THAN 50 AND UP TO 100 PILOTAGE UNITS ..................... $1307.00
   15  A MAXIMUM CHARGE OF UP TO 500 PILOTAGE UNITS SHALL BE APPLICABLE.
   16  ALL VESSELS OF 100 PILOTAGE UNITS AND OVER SHALL  PAY  A  BASE  PILOTAGE
   17  RATE OF ......................................................... $18.42
   18  PER  PILOTAGE  UNIT  FOR  SECTION  2, UPPER RIVER; YONKERS, TO ALL PORTS
   19  BEYOND HYDE PARK THROUGH ALBANY OR TROY.
   20  THE FOLLOWING BASE PILOTAGE RATES SHALL  BE  APPLICABLE  TO  SECTION  2,
   21  UPPER RIVER:
   22  UP TO 50 PILOTAGE UNITS ....................................... $1507.07
   23  MORE THAN 50 AND UP TO 100 PILOTAGE UNITS ..................... $1842.00
   24  A MAXIMUM CHARGE OF UP TO 500 PILOTAGE UNITS SHALL BE APPLICABLE.
   25    S  3. Paragraph (b) of subdivision 4 of section 89-a of the navigation
   26  law is amended by adding two new subparagraphs 1-b and 1-c  to  read  as
   27  follows:
   28    (1-B)  THERE  IS  HEREBY CREATED A HUDSON RIVER PILOTS SURCHARGE BOARD
   29  WHICH SHALL DETERMINE THE RATE OF THE SURCHARGE PROVIDED IN SUBPARAGRAPH
   30  ONE-C OF THIS PARAGRAPH. THE SURCHARGE BOARD SHALL DETERMINE ELIGIBILITY
   31  FOR BENEFITS PURSUANT TO SUBDIVISIONS FIVE AND EIGHT OF THIS SECTION.
   32    THE HUDSON RIVER PILOTS SURCHARGE BOARD SHALL CONSIST OF  TWO  MEMBERS
   33  AS FOLLOWS: THE PRESIDENT OF THE BOARD OF COMMISSIONERS OF PILOTS OF THE
   34  STATE  OF NEW YORK, OR HIS OR HER DESIGNEE FROM THE BOARD OF COMMISSION-
   35  ERS, AND THE PRESIDENT OF THE HUDSON RIVER PILOTS ASSOCIATION, OR HIS OR
   36  HER DESIGNEE WHO MUST BE A MEMBER OF SUCH ASSOCIATION. IN THE EVENT  THE
   37  TWO  MEMBERS  CANNOT  REACH  A  DECISION  ON THE SURCHARGE RATE, A THIRD
   38  MEMBER SHALL BE APPOINTED BY THE TWO MEMBERS FROM A  LIST  SUBMITTED  BY
   39  THE  AMERICAN ARBITRATION ASSOCIATION FROM ITS LISTS OF COMMERCIAL ARBI-
   40  TRATORS. IF, AFTER SUBMISSION OF SUCH A LIST, THE  TWO  MEMBERS  OF  THE
   41  BOARD  FAIL  TO AGREE UPON A SINGLE ARBITRATOR AS THE THIRD MEMBER, THEN
   42  THE AMERICAN ARBITRATION ASSOCIATION SHALL BE AUTHORIZED TO  SELECT  AND
   43  SUBMIT  THE  NAME OF THE THIRD MEMBER FOR APPOINTMENT. SUCH THIRD MEMBER
   44  SHALL BE APPOINTED WITHIN TEN DAYS OF A DEADLOCKED VOTE  OF  THE  HUDSON
   45  RIVER PILOTS SURCHARGE BOARD. SUCH MEMBERS SHALL VOTE AT MEETINGS CALLED
   46  UPON  WRITTEN  NOTICE MAILED SEVEN CALENDAR DAYS IN ADVANCE OF THE MEET-
   47  ING, TO DETERMINE THE RATE OF SURCHARGE, ASSISTED AS NECESSARY BY QUALI-
   48  FIED ACTUARIES OR ACCOUNTANTS, AUTHORIZED IN CLAUSE (I) OF  SUBPARAGRAPH
   49  ONE-C  OF THIS PARAGRAPH DURING EACH CALENDAR QUARTER IN TIME SUFFICIENT
   50  FOR SUCH SURCHARGE TO BE IN EFFECT ON THE FOLLOWING JANUARY FIRST, APRIL
   51  FIRST, JULY FIRST, AND OCTOBER FIRST OF EACH YEAR.   WRITTEN  NOTICE  OF
   52  MEETINGS  MAY  BE  WAIVED IF DONE SO WITH UNANIMOUS CONSENT OF ALL BOARD
   53  MEMBERS. MEMBERS OF THE HUDSON RIVER PILOTS  SURCHARGE  BOARD  SHALL  BE
   54  SUBJECT TO SECTION SEVENTEEN OF THE PUBLIC OFFICERS LAW.
   55    (1-C) (I) IN ADDITION TO THE BASE PILOTAGE CHARGE SET FORTH IN SUBPAR-
   56  AGRAPH ONE OF THIS PARAGRAPH, THERE IS HEREBY ESTABLISHED A SURCHARGE ON
       A. 857                              4
    1  EVERY FOREIGN VESSEL AND EVERY AMERICAN VESSEL UNDER REGISTER NAVIGATING
    2  THAT  PORTION  OF  THE  HUDSON  RIVER  SPECIFIED  IN  THIS SECTION. SUCH
    3  SURCHARGE, AS DETERMINED QUARTERLY BY THE HUDSON RIVER PILOTS  SURCHARGE
    4  BOARD,  SHALL  BE IMPOSED FOR THE EXCLUSIVE PURPOSE OF THE FUNDING, ON A
    5  SOUND ACTUARIAL BASIS, THE RETIREMENT BENEFITS FOR HUDSON RIVER  PILOTS,
    6  DESCRIBED IN CLAUSE (II) OF THIS SUBPARAGRAPH.
    7    (II)  THE  AMOUNT  OF  THE  SURCHARGE  DESCRIBED IN CLAUSE (I) OF THIS
    8  SUBPARAGRAPH SHALL BE COMPUTED AS FOLLOWS:
    9  PILOTAGE UNITS       SURCHARGE
   10  0 TO 50              $113.00
   11  51 TO 100            $138.00
   12  OVER 100             $1.38 PER PILOT UNIT
   13  DURING THE FIRST TWELVE MONTHS AFTER THE EFFECTIVE DATE OF THIS SUBPARA-
   14  GRAPH.
   15    THE AMOUNT OF THE SURCHARGE DESCRIBED IN CLAUSE (I) OF  THIS  SUBPARA-
   16  GRAPH SHALL BE COMPUTED AS FOLLOWS:
   17  PILOTAGE UNITS       SURCHARGE
   18  0 TO 50              $170.00
   19  51 TO 100            $207.00
   20  OVER 100             $2.07 PER PILOT UNIT
   21  DURING  THE  PERIOD  BEGINNING WITH THE THIRTEENTH MONTH AND ENDING WITH
   22  THE TWENTY-FOURTH MONTH AFTER THE EFFECTIVE DATE OF THIS SUBPARAGRAPH.
   23    THE AMOUNT OF THE SURCHARGE DESCRIBED IN CLAUSE (I) OF  THIS  SUBPARA-
   24  GRAPH SHALL BE COMPUTED AS FOLLOWS:
   25  PILOTAGE UNITS       SURCHARGE
   26  0 TO 50              $213.00
   27  51 TO 100            $260.00
   28  OVER 100             $2.60 PER PILOT UNIT
   29  DURING  THE PERIOD BEGINNING WITH THE TWENTY-FIFTH MONTH AND ENDING WITH
   30  THE THIRTY-SIXTH MONTH AFTER THE EFFECTIVE DATE OF THIS SUBPARAGRAPH.
   31    THE AMOUNT OF THE SURCHARGE DESCRIBED IN CLAUSE (I) OF  THIS  SUBPARA-
   32  GRAPH SHALL BE COMPUTED AS FOLLOWS:
   33  PILOTAGE UNITS      SURCHARGE
   34  0-50                $250.00
   35  51-100              $305.00
   36  OVER 100            $  3.05 PER PILOT UNIT
   37  DURING  THE  PERIOD  BEGINNING  WITH THE THIRTY-SEVENTH MONTH AND ENDING
   38  WITH THE FORTY-EIGHTH MONTH AFTER THE EFFECTIVE DATE  OF  THIS  SUBPARA-
   39  GRAPH.
   40    THE  AMOUNT  OF THE SURCHARGE DESCRIBED IN CLAUSE (I) OF THIS SUBPARA-
   41  GRAPH SHALL BE COMPUTED AS FOLLOWS:
   42  PILOTAGE UNITS      SURCHARGE
   43  0-50                $280.00
   44  51-100              $341.00
   45  OVER 100            $  3.41 PER PILOT UNIT
   46  DURING THE PERIOD BEGINNING WITH THE FORTY-NINTH MONTH AND  ENDING  WITH
   47  THE SIXTIETH MONTH AFTER THE EFFECTIVE DATE OF THIS SUBPARAGRAPH.
   48    (III)  FOLLOWING  THE  SIXTIETH MONTH AFTER THE EFFECTIVE DATE OF THIS
   49  SUBPARAGRAPH, THE AMOUNT OF THE SURCHARGE AS DETERMINED BY THE SURCHARGE
   50  BOARD SHALL NOT EXCEED THE GREATER OF THIRTY-FIVE PERCENT OF THE SUM  OF
       A. 857                              5
    1  THE  BASE  PILOTAGE  CHARGES SET FORTH IN SUBPARAGRAPH ONE OF THIS PARA-
    2  GRAPH FOR SECTION 2, UPPER RIVER; YONKERS, TO ALL PORTS BEYOND HYDE PARK
    3  THROUGH ALBANY OR TROY, AS AMENDED; OR FIVE HUNDRED THOUSAND DOLLARS  IN
    4  ANY CALENDAR YEAR.  THE SURCHARGE MAY BE ADJUSTED BY THE SURCHARGE BOARD
    5  FROM  THE  EFFECTIVE  DATE OF THIS SUBPARAGRAPH AS NEEDED BASED ON SOUND
    6  ACTUARIAL PRINCIPLES.
    7    (IV) THE SCALE OF CHARGES SET FORTH IN THIS SUBPARAGRAPH IS  DEEMED  A
    8  PILOTAGE  FEE  AND  SHALL  BE  SUBJECT  TO  THE  PROVISIONS  OF  SECTION
    9  NINETY-FIVE OF THIS ARTICLE.
   10    (V) (A) THE PROCEEDS OF THE SURCHARGE PROVIDED  FOR  IN  THIS  SECTION
   11  SHALL  BE  DEPOSITED IN AN ACCOUNT MAINTAINED BY THE HUDSON RIVER PILOTS
   12  ASSOCIATION FOR THE BENEFIT OF HUDSON RIVER PILOTS ELIGIBLE FOR BENEFITS
   13  AS PROVIDED IN THIS SECTION, FROM WHICH ACCOUNT ALL  SUCH  BENEFITS  AND
   14  THE  REASONABLE  EXPENSES  FOR ADMINISTRATION THEREOF SHALL BE PAID. THE
   15  MONIES ON DEPOSIT IN SUCH ACCOUNT SHALL BE REFERRED TO HEREAFTER AS  THE
   16  "RETIREMENT ASSETS". THE RETIREMENT ASSETS SHALL BE USED TO PAY A YEARLY
   17  RETIREMENT  BENEFIT  TO (I) HUDSON RIVER PILOTS ACTIVE ON THE DATE PILO-
   18  TAGE RATES ARE COMPUTED PURSUANT TO THIS  SUBPARAGRAPH  AND  THEREAFTER,
   19  UPON  RETIREMENT ON OR AFTER THE AGE OF SIXTY; (II) RETIRED HUDSON RIVER
   20  PILOTS OR HUDSON RIVER PILOTS RECEIVING BENEFITS ON THE  EFFECTIVE  DATE
   21  OF  THIS  SECTION;  AND  (III)  TO ELIGIBLE SURVIVING SPOUSES OF RETIRED
   22  PILOTS.
   23    (B) HUDSON RIVER PILOTS WHO ARE ALSO SANDY  HOOK  PILOTS  ELIGIBLE  TO
   24  RECEIVE A FULL BRANCH RETIREMENT BENEFIT UNDER ITEM (B) OF SUBCLAUSE ONE
   25  OF  CLAUSE (II) OF SUBPARAGRAPH ONE OF PARAGRAPH (B) OF SUBDIVISION FOUR
   26  OF SECTION EIGHTY-EIGHT OF THIS ARTICLE SHALL BE EXCLUDED FROM RECEIVING
   27  ANY BENEFITS SPECIFIED IN SUBDIVISION FIVE OF THIS SECTION.
   28    (C) NO INDIVIDUAL OTHER THAN THOSE SPECIFIED IN SUBCLAUSE (A) OF  THIS
   29  CLAUSE  SHALL  BE  ELIGIBLE  FOR  BENEFITS  PURSUANT  TO  THE  SURCHARGE
   30  DESCRIBED IN CLAUSE (I) OF THIS SUBPARAGRAPH WITHOUT THE APPROVAL OF THE
   31  HUDSON RIVER PILOTS SURCHARGE BOARD.
   32    (D) THE FUNDS GENERATED BY THE SURCHARGE IMPOSED BY CLAUSE (I) OF THIS
   33  SUBPARAGRAPH SHALL BE ADMINISTERED BY THE  EXECUTIVE  COMMITTEE  OF  THE
   34  HUDSON  RIVER  PILOTS ASSOCIATION, OR ANY SUCCESSORS THERETO.  ANY FUNDS
   35  GENERATED BY THE SURCHARGE IMPOSED BY CLAUSE (I)  OF  THIS  SUBPARAGRAPH
   36  WHICH  EXCEED  THE  FUNDS  DEEMED SUFFICIENT TO PROVIDE THE BENEFITS SET
   37  FORTH IN ITEMS (I) AND (III) OF SUBCLAUSE (A) OF THIS  CLAUSE  SHALL  BE
   38  USED TO DEFRAY THE RETIREMENT BENEFITS SET FORTH IN THIS SUBCLAUSE.
   39    (E)  THE  SURCHARGES PURSUANT TO CLAUSE (I) OF THIS SUBPARAGRAPH SHALL
   40  BE COLLECTED BY THE AGENT OF THE HUDSON RIVER  PILOTS.  FUNDS  GENERATED
   41  FOR  THESE  PURPOSES SHALL BE AUDITED ANNUALLY BY THE SURCHARGE BOARD TO
   42  ENSURE PROPER FUNDING FOR THE PURPOSES SET FORTH IN CLAUSE (I)  OF  THIS
   43  SUBPARAGRAPH.
   44    S  4. Section 89-a of the navigation law is amended by adding five new
   45  subdivisions 5, 6, 7, 8 and 9 to read as follows:
   46    5. EACH HUDSON RIVER PILOT WHO ENTERED SERVICE AFTER TWO THOUSAND FIVE
   47  AS A HUDSON RIVER PILOT SHALL PARTICIPATE IN SUCH  QUALIFIED  RETIREMENT
   48  PROGRAM  AS ADOPTED BY EACH SUCH PILOT AND FUNDED BY SUCH PORTION OF THE
   49  SURCHARGE ALLOCATED THERETO BY THE SURCHARGE BOARD TO PROVIDE A CONTRIB-
   50  UTION OF AN AMOUNT EQUIVALENT TO TWELVE PERCENT  OF  THE  EARNINGS  FROM
   51  SERVICE  AS  AN  ACTIVE  HUDSON RIVER PILOT BASED UPON THE BASE PILOTAGE
   52  TARIFFS SET FORTH IN THIS PARAGRAPH. SUCH AMOUNT  SHALL  BE  TRANSFERRED
   53  DIRECTLY  BY  THE  AGENT  TO  SUCH  PILOT'S RETIREMENT ACCOUNT, IT BEING
   54  UNDERSTOOD THAT SUCH PILOT'S ENTIRE RETIREMENT BENEFIT WILL BE  PROVIDED
   55  SOLELY  BY THE ACCOUNT BALANCE OF SUCH RETIREMENT ACCOUNT ON THE DATE OF
   56  RETIREMENT. IN ADDITION, SUCH SURCHARGE SHALL BE USED TO  PURCHASE  LIFE
       A. 857                              6
    1  AND  DISABILITY INSURANCE COVERAGE FROM AN INSURANCE COMPANY SELECTED BY
    2  THE BOARD. SUCH DISABILITY INSURANCE SHALL PROVIDE A DISABILITY  BENEFIT
    3  COMPUTED  AS A SINGLE LIFE ANNUITY, EQUAL TO FIFTY PERCENT OF THE AMOUNT
    4  WHICH IS EQUAL TO SUCH PILOT'S EARNINGS FROM SERVICE AS AN ACTIVE HUDSON
    5  RIVER PILOT BASED UPON THE BASE PILOTAGE TARIFFS SET FORTH IN THIS PARA-
    6  GRAPH  DURING THE LAST FULL CALENDAR YEAR OF SERVICE AS AN ACTIVE HUDSON
    7  RIVER PILOT PRIOR TO DISABILITY, UNTIL THE AGE OF SIXTY.  IN  THE  EVENT
    8  SUCH  DISABILITY  INSURANCE IS UNAVAILABLE, EACH SUCH PILOT ELIGIBLE FOR
    9  SICK RETIREMENT BENEFITS SHALL RECEIVE, A YEARLY BENEFIT COMPUTED  AS  A
   10  SINGLE  LIFE ANNUITY EQUAL TO THE SUM OF TEN PERCENT OF THE AMOUNT WHICH
   11  IS EQUAL TO THE EARNINGS FROM SERVICE AS AN ACTIVE  HUDSON  RIVER  PILOT
   12  BASED  UPON  THE PILOTAGE TARIFFS SET FORTH IN THIS PARAGRAPH DURING THE
   13  LAST FULL CALENDAR YEAR OF SERVICE AS AN ACTIVE HUDSON RIVER PILOT PRIOR
   14  TO DISABILITY AND ONE AND SIX-TENTHS PERCENT FOR EACH  YEAR  OF  SERVICE
   15  AFTER  THE  FIRST YEAR TO A MAXIMUM OF FIFTY PERCENT OF THE AMOUNT WHICH
   16  IS EQUAL TO THE EARNINGS FROM SERVICE AS AN ACTIVE  HUDSON  RIVER  PILOT
   17  BASED  UPON THE BASE PILOTAGE TARIFFS SET FORTH IN THIS PARAGRAPH DURING
   18  THE LAST FULL CALENDAR YEAR OF SERVICE AS AN ACTIVE HUDSON  RIVER  PILOT
   19  PRIOR TO DISABILITY, UNTIL THE AGE OF SIXTY.
   20    6.  HUDSON  RIVER  PILOTS  WHO  RETIRED  BEFORE  NINETEEN EIGHTY SHALL
   21  RECEIVE AN ANNUAL RETIREMENT BENEFIT IN THE AMOUNT OF THIRTY-FOUR  THOU-
   22  SAND  NINE  HUNDRED NINETY-FIVE DOLLARS; THOSE WHO RETIRED FROM NINETEEN
   23  EIGHTY-ONE THROUGH NINETEEN NINETY SHALL RECEIVE  AN  ANNUAL  RETIREMENT
   24  BENEFIT  IN  THE AMOUNT OF THIRTY-NINE THOUSAND NINE HUNDRED NINETY-FIVE
   25  DOLLARS; THOSE WHO RETIRED FROM NINETEEN HUNDRED NINETY-ONE THROUGH  TWO
   26  THOUSAND  SHALL  RECEIVE  AN  ANNUAL RETIREMENT BENEFIT IN THE AMOUNT OF
   27  FORTY-FOUR THOUSAND NINE HUNDRED NINETY-FOUR DOLLARS; THOSE WHO  RETIRED
   28  IN  TWO  THOUSAND  ONE SHALL RECEIVE AN ANNUAL RETIREMENT BENEFIT IN THE
   29  AMOUNT OF FIFTY-EIGHT THOUSAND FOUR HUNDRED  NINETY-TWO  DOLLARS;  THOSE
   30  WHO  RETIRED  IN  TWO  THOUSAND EIGHT SHALL RECEIVE AN ANNUAL RETIREMENT
   31  BENEFIT IN THE AMOUNT OF FIFTY-NINE  THOUSAND  NINE  HUNDRED  NINETY-TWO
   32  DOLLARS;  THOSE  WHO RETIRED IN TWO THOUSAND TEN SHALL RECEIVE AN ANNUAL
   33  RETIREMENT BENEFIT IN THE AMOUNT OF  FORTY-NINE  THOUSAND  NINE  HUNDRED
   34  NINETY-THREE  DOLLARS;  AN  ACTIVE HUDSON RIVER PILOT WHO RETIRES BEFORE
   35  TWO THOUSAND SIXTEEN AND HAS BEEN A HUDSON RIVER  PILOT  FOR  THIRTY  OR
   36  MORE YEARS AND HAS REACHED THE AGE OF SIXTY-FIVE SHALL RECEIVE AN ANNUAL
   37  RETIREMENT BENEFIT EQUAL TO SIXTY PERCENT OF THE HIGHEST ANNUAL EARNINGS
   38  IN THE LAST THREE YEARS OF SERVICE AS A FULL BRANCH PILOT.
   39    7.  (A) A HUDSON RIVER PILOT ELIGIBLE FOR BENEFITS SET FORTH IN SUBDI-
   40  VISION FIVE OF THIS SECTION, WHO  RETIRES,  SHALL  NOT  BE  ENTITLED  TO
   41  COMMENCE  RECEIVING  BENEFITS  UNTIL  THE  COMMENCEMENT  OF  THE BENEFIT
   42  PAYMENT PERIOD NEXT FOLLOWING THE DATE ON WHICH SUCH  PILOT  RETIRED  OR
   43  BECAME  ELIGIBLE  FOR  DISABILITY  RETIREMENT  BENEFITS.  FOR ACCOUNTING
   44  PURPOSES, THE BENEFIT PAYMENT PERIODS SHALL CONSIST OF A  FULL  CALENDAR
   45  QUARTER  COMMENCING ON JANUARY FIRST, APRIL FIRST, JULY FIRST, AND OCTO-
   46  BER FIRST OF EACH YEAR, BUT THE FIRST PAYMENTS OF BENEFITS SHALL BE MADE
   47  DURING THE MONTHS OF MARCH, JUNE, SEPTEMBER, AND DECEMBER.
   48    (B) NO ACTIVE HUDSON RIVER PILOT  SHALL  COMMENCE  RECEIVING  BENEFITS
   49  UNTIL  A  PROPERLY COMPLETED RESIGNATION AS AN ACTIVE PILOT SPECIFYING A
   50  PROPOSED DATE OF RETIREMENT HAS BEEN SUBMITTED IN WRITING TO THE  HUDSON
   51  RIVER  PILOTS EXECUTIVE COMMITTEE, OR SUCCESSOR THERETO, PRIOR TO NOVEM-
   52  BER FIRST, IF RETIREMENT IS TO BECOME EFFECTIVE ON THE FIRST DAY OF  THE
   53  FOLLOWING  JANUARY;  PRIOR TO FEBRUARY FIRST, IF RETIREMENT IS TO BECOME
   54  EFFECTIVE ON THE FIRST DAY OF THE FOLLOWING APRIL; PRIOR TO  MAY  FIRST,
   55  IF  RETIREMENT  IS TO BECOME EFFECTIVE ON THE FIRST DAY OF THE FOLLOWING
       A. 857                              7
    1  JULY; AND, PRIOR TO AUGUST FIRST, IF RETIREMENT IS TO  BECOME  EFFECTIVE
    2  ON THE FIRST DAY OF THE FOLLOWING OCTOBER.
    3    (C)  FOR THE PURPOSE OF THE COMPUTATIONS DESCRIBED IN SUBDIVISION FIVE
    4  OF THIS SECTION, SERVICE BY A PILOT OF MORE  THAN  SIX  MONTHS  OF  SUCH
    5  PILOT'S LAST CALENDAR YEAR AS AN ACTIVE PILOT SHALL BE CONSIDERED A FULL
    6  CALENDAR YEAR.
    7    (D)  IF  A RETIRED HUDSON RIVER PILOT DIES WITHOUT A SURVIVING SPOUSE,
    8  THE BALANCE OF THE YEARLY PENSION BENEFIT FOR THE REMAINDER OF THE BENE-
    9  FIT PAYMENT PERIOD SHALL BE PAID  TO  THE  DECEASED  PILOT'S  ESTATE  OR
   10  DESIGNATED  BENEFICIARY  AFTER  WHICH  ALL  RIGHTS  TO BENEFITS SHALL BE
   11  TERMINATED.
   12    8. (A) THE ELIGIBLE SURVIVING SPOUSE OF A HUDSON RIVER PILOT DESCRIBED
   13  IN SUBDIVISION FIVE OF THIS SECTION WHO DIES  WHILE  IN  ACTIVE  SERVICE
   14  SHALL  RECEIVE  A  YEARLY  PENSION BENEFIT EQUAL TO FIFTY PERCENT OF THE
   15  AMOUNT WHICH SUCH DECEASED PILOT WOULD HAVE RECEIVED  UNDER  SUBDIVISION
   16  FIVE  OF  THIS  SECTION  HAD RETIREMENT IMMEDIATELY PRECEDED THE DATE OF
   17  DEATH.
   18    (B) WITH RESPECT TO HUDSON RIVER PILOTS DESCRIBED IN SUBDIVISION  FIVE
   19  OF  THIS  SECTION,  THE  ELIGIBLE SURVIVING SPOUSE OF A DECEASED RETIRED
   20  HUDSON RIVER PILOT RECEIVING RETIREMENT BENEFITS ON THE DATE  OF  DEATH,
   21  SHALL RECEIVE A YEARLY BENEFIT EQUAL TO THE DECEASED PILOT'S BENEFIT FOR
   22  THE REMAINDER OF THE BENEFIT PAYMENT PERIOD IN WHICH DEATH OCCURRED, AND
   23  THEREAFTER FIFTY PERCENT OF THE AMOUNT RECEIVED BY THE DECEASED PILOT ON
   24  THE DATE OF DEATH.
   25    (C)  UPON  THE  DEATH  OF  THE ELIGIBLE SURVIVING SPOUSE OF A DECEASED
   26  HUDSON RIVER PILOT WHO WAS RECEIVING BENEFITS, THE BALANCE OF THE YEARLY
   27  PENSION BENEFIT FOR THE REMAINDER OF THE BENEFIT PAYMENT PERIOD SHALL BE
   28  PAID TO THE DECEASED SURVIVING SPOUSE'S ESTATE OR DESIGNATED BENEFICIARY
   29  AFTER WHICH ALL RIGHTS TO BENEFITS SHALL TERMINATE.
   30    9. A "HUDSON RIVER PILOT" FOR THE PURPOSES OF THIS SECTION IS  DEFINED
   31  AS  AN INDIVIDUAL HOLDING A LICENSE TO ACT AS HUDSON RIVER PILOT FOR THE
   32  WATERS OF THE HUDSON RIVER NORTH OF A LINE RUNNING FROM THE FOOT OF MAIN
   33  STREET IN YONKERS TO ALPINE, NEW JERSEY AND SOUTH OF THE  DAM  AT  TROY,
   34  ISSUED BY THE BOARD OF COMMISSIONERS OF PILOTS OF THE STATE OF NEW YORK.
   35  A  "RETIRED  HUDSON  RIVER  PILOT" FOR THE PURPOSES OF THIS SECTION IS A
   36  PILOT WHO RETIRED FROM ACTIVE SERVICE IN THE HUDSON RIVER PILOTS ASSOCI-
   37  ATION.  AN "ELIGIBLE SURVIVING SPOUSE" FOR THE PURPOSES OF THIS  SECTION
   38  IS  DEFINED  AS  A  SPOUSE OF A DECEASED PILOT MARRIED AT LEAST ONE YEAR
   39  PRIOR TO THE DATE OF DEATH OF THE DECEASED PILOT.
   40    S 5. This act shall take effect on the ninetieth day  after  it  shall
   41  have become a law.
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