Bill Text: NY S07675 | 2013-2014 | General Assembly | Introduced
Bill Title: Provides for a period of probable usefulness for the payment of the past service cost by the city of Elmira to provide additional pension benefits to eligible firefighters employed by such city.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2014-10-21 - SIGNED CHAP.422 [S07675 Detail]
Download: New_York-2013-S07675-Introduced.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 7675 I N S E N A T E May 28, 2014 ___________ Introduced by Sen. O'MARA -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the local finance law, in relation to providing for a period of probable usefulness for the payment of the past service cost by the city of Elmira to provide additional pension benefits to eligi- ble firefighters employed by such city THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: 1 Section 1. Paragraph a of section 11.00 of the local finance law is 2 amended by adding a new subdivision 107 to read as follows: 3 107. PAYMENT BY THE CITY OF ELMIRA, COUNTY OF CHEMUNG, OF THE PAST 4 SERVICE COST DUE TO THE NEW YORK STATE AND LOCAL POLICE AND FIRE RETIRE- 5 MENT SYSTEM TO PROVIDE ADDITIONAL PENSION BENEFITS PURSUANT TO SECTIONS 6 THREE HUNDRED SEVENTY-FIVE-I AND THREE HUNDRED SEVENTY-FIVE-J OF THE 7 RETIREMENT AND SOCIAL SECURITY LAW TO ELIGIBLE FIREFIGHTERS EMPLOYED BY 8 THE CITY OF ELMIRA, TEN YEARS. 9 S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15399-01-4