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S05719 Summary:

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S05719 Floor Votes:

S05719 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         5719--A
 
                               2011-2012 Regular Sessions
 
                    IN SENATE
 
                                      June 13, 2011
                                       ___________
 
        Introduced  by  Sen.  LIBOUS -- read twice and ordered printed, and when
          printed to be  committed  to  the  Committee  on  Rules  --  committee
          discharged, bill amended, ordered reprinted as amended and recommitted
          to said committee
 
        AN  ACT  to  authorize  the county of Broome to offer an optional twenty

          year retirement plan to deputy sheriffs Richard Merrell and  Frederick
          Akshar
 
          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 to the contrary,
     2  the county of Broome, a participating employer in the New York state and
     3  local employees' retirement system, which previously  elected  to  offer
     4  the  optional  twenty  year  retirement  plan,  established  pursuant to
     5  section 552 of the retirement and  social  security  law,  to  sheriffs,
     6  under-sheriffs  and  deputy  sheriffs employed by such county, is hereby
     7  authorized to make participation in such plan and benefits available  to
     8  Richard  Merrell  and  Frederick Akshar, deputy sheriffs employed by the
     9  county of Broome, who, for reasons not ascribable to  their  own  negli-

    10  gence,  failed  to  make  a  timely  application  to participate in such
    11  optional twenty year retirement plan.  The county of Broome may so elect
    12  by filing with the state comptroller, on or before December 31, 2011,  a
    13  resolution  of  its  local  legislative body together with certification
    14  that such deputy sheriffs did not bar themselves from  participation  in
    15  such  retirement  plan  as a result of their own negligence. Thereafter,
    16  such deputy sheriffs may elect  to  be  covered  by  the  provisions  of
    17  section  552  of  the  retirement  and social security law, and shall be
    18  entitled to the full rights and benefits associated with coverage  under
    19  such  section,  by  filing a request to that effect with the state comp-
    20  troller on or before June 30, 2012.
    21    § 2. All employer "past service" costs  associated  with  implementing

    22  the provisions of this act shall be borne by the county of Broome.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13048-02-1
        S. 5719--A                          2
 
     1    § 3. This act shall take effect immediately.
          FISCAL NOTE.-- Pursuant to Legislative Law, Section 50:
          This  bill  would  allow  Broome  County  to  reopen the provisions of
        Section 552 of the Retirement and Social Security Law for  deputy  sher-
        iffs Richard Merrell and Frederick Akshar.
          If this legislation is enacted during the 2011 legislative session, we
        anticipate  that  there would be an increase of approximately $13,400 in
        the annual contributions of Broome County for  the  fiscal  year  ending

        March 31, 2012.
          In  addition  to the annual contributions discussed above, there would
        be an immediate past service cost of approximately $23,300, which  would
        be  borne by Broome County as a one-time payment. This estimate is based
        on the assumption that payment would be made on February 1, 2012.
          This estimate, dated June 14, 2011, and intended for use  only  during
        the  2011  Legislative Session, is Fiscal Note No. 2011-205, prepared by
        the Actuary for the New  York  State  and  Local  Employees'  Retirement
        System.