Bill Text: NY S05413 | 2011-2012 | General Assembly | Introduced

New York Senate Bill 5413 (Prior Session Legislation)

Introduced

Bill Title: Authorizes Michael P. Koval to receive retirement service credit for prior service.

Sponsorship: Partisan Bill (Republican 1)

Status: (Passed) 2011-08-17 - SIGNED CHAP.483 [S05413 Detail]

Download: New_York-2011-S05413-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5413
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                     May 18, 2011
                                      ___________
       Introduced  by  Sen.  O'MARA -- read twice and ordered printed, and when
         printed to be committed to the Committee on Civil Service and Pensions
       AN ACT authorizing Michael P. Koval to receive retirement service credit
         for prior service
         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, Michael P.
    2  Koval, who was a police officer in the village of Watkins Glen, for  the
    3  period from September 6, 1988 through July 1, 1991, and who is currently
    4  an  officer  with  the  city  of  Ithaca police department, and who is a
    5  member of the New York  state  and  local  police  and  fire  retirement
    6  system,  and  who,  for reasons not ascribable to his own negligence did
    7  not receive service credit toward his optional 20 year  retirement  plan
    8  for such period, shall be entitled to receive service credit toward such
    9  plan for such period if, within one year from the effective date of this
   10  act,  he  files  a  written  request to that effect with the state comp-
   11  troller.
   12    S 2. All past service costs associated with the implementation of this
   13  act shall be borne by the village of Watkins Glen.
   14    S 3. This act shall take effect immediately.
         FISCAL NOTE.--This bill  will  allow  Police  Officer  Michael  Koval,
       currently  employed  by  the City of Ithaca, to receive credit under the
       provisions of Section 384-d of the Retirement and  Social  Security  Law
       for the period from September 6, 1988 through July 1, 1991 when he was a
       police officer with the Village of Watkins Glen.
         If this bill is enacted, we anticipate that there will be an immediate
       past  service  cost of approximately $66,000, which will be borne by the
       Village of Watkins Glen as a one-time payment. This estimate  assumes  a
       February 1, 2012 payment date.
         This estimate, dated May 12, 2011 and intended for use only during the
       2011  Legislative  Session, is Fiscal Note No. 2011-183, prepared by the
       Actuary for the New York State and  Local  Police  and  Fire  Retirement
       System.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD09286-07-1