PUBLIC RECORD
New Law Affecting Port Chester
ASSEMBLY BILL #A10239 SAME AS SENATE BILL #S7186 LAWS OF NEW YORK, 2006 CHAPTER 226 (See FISCAL NOTE at end of Chapter.)
AN ACT authorizing firefighter John M. Suppa, Jr. to apply for an optional twenty year retirement plan provided for in section 384-d of the retirement and social security law and authorizing the village of Port Chester to reopen such optional twenty year retirement plan for firefighter John M. Suppa, Jr.
Became a law July 26, 2006, with the approval of the Governor. Passed on Home Rule request pursuant to Article IX, section 2(b) (2) of the Constitution by a majority vote, three-fifths being present.
The People of the State of New York, represented in Senate and Assembly, do enact as follows: Section 1. Notwithstanding any other provision of law to the contrary, the village of Port Chester, in the county of Westchester, a participating employer in the New York state and local police and fire retirement system, which previously elected to offer the optional twenty year retirement plan, established pursuant to section 384-d of the retirement and social security law, to firefighters employed by such village, is hereby authorized to make participation in such plan available to John M. Suppa, Jr., a firefighter employed by the village of Port Chester, who, for reasons not ascribable to his own negligence failed to make a timely application to participate in such optional twenty year retirement plan.
Thereafter, John M. Suppa, Jr., may elect to be covered by the provisions of section 384-d of the retirement and social security law, and shall be entitled to the full rights and benefits associated with coverage under such section, by filing a request to that effect with the state comptroller on or before December 31, 2006.
§ 2. All costs associated with implementing the provisions of this act, including past service costs and annual contributions, shall be borne by the village of Port Chester and may be paid in ten equal annual installments.
§ 3. This act shall take effect immediately.
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FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
This bill will allow firefighter John M. Suppa, Jr. of the Village of Port Chester to become covered by the provisions of Section 384-d of the Retirement and Social Security Law. If this bill were enacted, we anticipate that there will be an increase of approximately $3,400 in annual contributions of the Village of Port Chester.
In addition to the annual contributions discussed above, there will be an immediate past service cost of approximately $81,700 which would be borne by the Village of Port Chester. If this cost is amortized over a period of 10 years, the cost for the first year, including interest,
EXPLANATION--Matter in italics is new; matter in brackets [ ] is old law to be omitted. CHAP. 226 2 would be approximately $11,300. This estimate is based on the assumption that payment will be made on February 1, 2007.
This estimate, dated February 15, 2006 and intended for use only during the 2006 Legislative Session, is Fiscal Note No. 2006-166, prepared by the Actuary for the New York State and Local Police and Fire Retirement System.
The Legislature of the STATE OF NEW YORK ss:
Pursuant to the authority vested in us by section 70-b of the Public Officers Law, we hereby jointly certify that this slip copy of this session law was printed under our direction and, in accordance with such section, is entitled to be read into evidence.
JOSEPH L. BRUNO SHELDON SILVER
Temporary President of the Senate Speaker of the Assembly
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