S T A T E   O F   N E W   Y O R K
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                                  6731

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                             March 11, 2009
                               ___________

Introduced  by  M.  of A. MAGEE, BUTLER -- read once and referred to the
  Committee on Governmental Employees

AN ACT to authorize the village of Ilion, in the county of Herkimer,  to
  offer  an optional twenty year retirement plan to police officer Louis
  P.  Romano

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Notwithstanding any other provision of law to the contrary,
the village of Ilion, in the county of Herkimer, a participating employ-
er  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  police  officers  employed  by  such city, is hereby
authorized to make participation in such  plan  available  to  Louis  P.
Romano,  a  police  officer  employed  by the village of Ilion, who, for
reasons not ascribable to his own negligence failed  to  make  a  timely
application to participate in such optional twenty year retirement plan.
  The  village  of  Ilion  may  so  elect by filing with the state comp-
troller, on or before December 31, 2009, a resolution of  its  governing
body  together  with  certification that such police officer did not bar
himself from participation in such retirement plan as a  result  of  his
own  negligence. Thereafter, such police officer 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 June 30, 2010.
  S 2. All employer costs associated with implementing the provisions of
this act shall be borne by the village of Ilion.
  S 3. This act shall take effect immediately.
  FISCAL NOTE.-- Pursuant to Legislative Law, Section 50:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05334-02-9

              

A. 6731                             2

  This bill will allow the Village of  Ilion  to  elect  to  reopen  the
provisions  of  Section  384-d of the Retirement and Social Security Law
for Police Officer Louis P. Romano.
  If  this  bill  is  enacted  and  Officer Romano becomes covered under
Section 384-d, we anticipate that there will be an increase of  approxi-
mately  $600 in the annual contributions of the Village of Ilion for the
fiscal year ending March 31, 2010.
  In addition to the annual contributions discussed above, there will be
an immediate past service cost of  approximately  $950  which  would  be
borne by the Village of Ilion as a one-time payment, assuming a February
1, 2010 payment date.
  This  estimate,  dated March 2, 2009, and intended for use only during
the 2009 Legislative Session, is Fiscal Note No. 2009-164,  prepared  by
the  Actuary for the New York State and Local Police and Fire Retirement
System.