Bill Text: NY S05413 | 2011-2012 | General Assembly | Introduced
Bill Title: Authorizes Michael P. Koval to receive retirement service credit for prior service.
Spectrum: Partisan Bill (Republican 1-0)
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
