BILL NUMBER: S8989
SPONSOR: SKOUFIS
 
TITLE OF BILL:
An act to authorize Lee Weinstein to receive certain service credit
under section 384-d of the retirement and social security law
 
PURPOSE:
The bill aims to rectify a situation where, through no fault of his own,
Lee Weinstein failed to file a timely application to participate in the
special twenty-year retirement plan (section 384-d). As a consequence,
his service with the village of Greenwood Lake was credited to the
general retirement plan (section 375-i).
 
SUMMARY OF PROVISIONS:
Section 1: Describes Lee Weinstein, a current member of the New York
state and local police and fire retirement system, employed as a police
officer with the town of Chester police department, had previous service
with the village of Greenwood Lake from August 15, 2001, to September 6,
2005. Due to a failure to timely apply for the special twenty-year
retirement plan (section 384-d), his service with Greenwood Lake was
credited in the general retirement plan (section 375-i). This section
proposes giving Weinstein full credit in the special twenty-year retire-
ment plan for the additional cost of his Greenwood Lake service. The
village of Greenwood Lake has the option to assume this cost by filing a
resolution and certification with the state comptroller within one year
from the act's effective date. Following this election, Weinstein can
choose to be covered by section 384-d by filing a request with the state
comptroller within the effective date of the resolution, entitling him
to the full benefits of this coverage.
Section 2: Finds that all employer past service costs associated with
implementing the provisions of this act, including the additional cost
of Lee Weinstein's service in the special 20-year retirement plan, shall
be borne by the village of Greenwood Lake. These costs may be amortized
over a 10-year period.
Section 3: Sets effective date.
 
JUSTIFICATION:
For reasons not ascribable to his own negligence, police officer Lee
Weinstein failed to make a timely application to participate in the
20-year retirement system. This legislation would remedy that issue.
 
LEGISLATIVE HISTORY:
New Bill
 
FISCAL IMPLICATIONS:
None.
 
EFFECTIVE DATE:
This act shall take effect immediately.