Bill Text: NY A05564 | 2011-2012 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Allows certain firefighters of the city of Buffalo, the city of Niagara Falls and the Niagara Frontier Transportations Authority to participate in an optional 20 year retirement plan in certain circumstances.

Spectrum: Moderate Partisan Bill (Democrat 4-1)

Status: (Introduced - Dead) 2012-01-04 - referred to governmental employees [A05564 Detail]

Download: New_York-2011-A05564-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5564
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 23, 2011
                                      ___________
       Introduced  by  M.  of  A.  GABRYSZAK  --  read once and referred to the
         Committee on Governmental Employees
       AN ACT to amend the retirement and social security law, in  relation  to
         allowing certain firefighters of the city of Buffalo to participate in
         an optional 20 year retirement plan in certain circumstances
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. The retirement and social security law is amended by adding
    2  a new section 384-f to read as follows:
    3    S 384-F. OPTIONAL TWENTY YEAR RETIREMENT  PLAN  FOR  CITY  OF  BUFFALO
    4  FIREFIGHTERS.  NOTWITHSTANDING ANY OTHER PROVISIONS OF THIS CHAPTER, ANY
    5  MEMBER OF THE RETIREMENT SYSTEM WHO IS A  FIREFIGHTER  EMPLOYED  BY  THE
    6  FIRE  DEPARTMENT  OF  THE  CITY  OF BUFFALO, AND WHOSE MEMBERSHIP IN THE
    7  RETIREMENT SYSTEM COMMENCED BETWEEN JULY FIRST, TWO  THOUSAND  NINE  AND
    8  THE  ENACTMENT  OF  THIS SECTION, SHALL BE A PARTICIPANT IN THE OPTIONAL
    9  TWENTY YEAR RETIREMENT PLAN ESTABLISHED BY SECTION THREE HUNDRED  EIGHT-
   10  Y-FOUR-E OF THIS TITLE DURING THE TIME PERIOD PRIOR TO THE EXPIRATION OF
   11  SUCCESSOR  COLLECTIVE  BARGAINING  AGREEMENTS  AND/OR ARBITRATION AWARDS
   12  UNTIL THE COMPLETION OF NEGOTIATIONS AND THE ATTAINMENT OF  NEW  COLLEC-
   13  TIVE  BARGAINING  AGREEMENTS AND/OR ARBITRATION AWARDS. DURING SUCH TIME
   14  PERIOD, SUCH FIREFIGHTER SHALL NOT BE  REQUIRED  TO  CONTRIBUTE  TO  THE
   15  RETIREMENT SYSTEM.
   16    S 2. This act shall take effect immediately.
         FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
         This  bill  will  provide that any firefighter employed by the city of
       Buffalo, who was hired between July 1, 2009 and the date of enactment of
       this legislation will be covered by the provisions of Section  384-e  of
       the  Retirement  and  Social Security Law. In addition, this legislation
       will provide that no such firefighter shall be required to contribute to
       the retirement system.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD07834-02-1
       A. 5564                             2
         If this bill is enacted, the City of Buffalo will pay annual  employer
       contributions  based  on  the  Section  384-e  plan  without  any member
       contributions, instead of their current coverage. As a result, we antic-
       ipate that the annual employer contributions for  the  City  of  Buffalo
       will  increase by approximately 3.3% of the affected firefighters annual
       salary for the fiscal year ending March 31, 2012.
         This estimate, dated February 3,  2011,  and  intended  for  use  only
       during  the  2011  Legislative  Session,  is  Fiscal  Note No. 2011-111,
       prepared by the Actuary for the New York State and local Police and Fire
       Retirement System.