Bill Text: NY A04737 | 2011-2012 | General Assembly | Introduced
Bill Title: Allows the Village of Southampton to reopen the optional retirement plan offered under section 384-d of the retirement and social security law to police officer Theodore Raffel, Jr.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2011-08-03 - signed chap.365 [A04737 Detail]
Download: New_York-2011-A04737-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
S. 3034 A. 4737
2011-2012 Regular Sessions
S E N A T E - A S S E M B L Y
February 7, 2011
___________
IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
ed, and when printed to be committed to the Committee on Civil Service
and Pensions
IN ASSEMBLY -- Introduced by M. of A. THIELE -- read once and referred
to the Committee on Governmental Employees
AN ACT to authorize the village of Southampton, in the county of
Suffolk, to offer certain retirement options to police officer Theo-
dore Raffel, Jr.
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Notwithstanding any other provision of law to the contrary,
2 the village of Southampton, in the county of Suffolk, a participating
3 employer in the New York state and local police and fire retirement
4 system, which previously elected to offer the optional retirement plan
5 established pursuant to section 384-d of the retirement and social secu-
6 rity law to police officers employed by such village, is hereby author-
7 ized to make participation in such plan available to Theodore Raffel,
8 Jr., registration number 0A779322, a police officer employed by the
9 village of Southampton, who, on the effective date of this act is
10 covered under the provisions of section 375-i of the retirement and
11 social security law, and who, for reasons not ascribable to his own
12 negligence failed to make a timely application to participate in such
13 optional retirement plan. The village of Southampton may so elect by
14 filing with the state comptroller, on or before December 31, 2011, a
15 resolution of its legislative body together with certification that such
16 police officer did not bar himself from participation in such retirement
17 plan as a result of his own negligence. Thereafter, such police officer
18 may elect to be covered by the provisions of section 384-d of the
19 retirement and social security law, and shall be entitled to the full
20 rights and benefits associated with coverage under such section, by
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07590-02-1
S. 3034 2 A. 4737
1 filing a request to that effect with the state comptroller on or before
2 June 30, 2012.
3 S 2. All past service costs associated with implementing the
4 provisions of this act shall be borne by the village of Southampton.
5 S 3. This act shall take effect immediately.
FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
This bill will allow the Village of Southampton to elect to reopen the
provisions of Section 384-d of the Retirement and Social Security Law
for police officer Theodore Raffel.
If this bill is enacted, and officer Theodore Raffel becomes covered
under Section 384-d, we anticipate that there will be an increase of
approximately $10,200 in the annual contributions of the Village of
Southampton for the fiscal year ending March 31, 2012.
In addition to the annual contributions discussed above, there will be
an immediate past service cost of approximately $172,000 which would be
borne by the Village of Southampton as a one-time payment. This estimate
is based on the assumption that payment will be made on February 1,
2012.
This estimate, dated January 27, 2011 and intended for use only during
the 2011 Legislative Session, is Fiscal Note No. 2011-101, prepared by
the Actuary for the New York State and Local Police and Fire Retirement
System.
