LL 03 Retirement Incentive NEW YORK STATE DEPARTMENT OF STATE
Local Law Filing 162 WASHINGTON AVENUE, ALBANY, NY 12231
(Use this form to file a local law with the Secretary of State.)
v
Text of law should be given as amended. Do not include matter being eliminated and do not
use italics or underlining to indicate new matter.
"1
=� of ..............QUEENSBURY
Town . ................................................................................................
�eYli�gXrX
96
Local Law No. ......3............................................ of the year 19 ........
A local law ..,to Amend the Code of the Town of Queensbury by Adding a New Chapter
34 to be entitll8 If rtTi Ile) "Retirement Incentive Program" which chapter shall authorize a
Retirement IncentivToProgroaamdfor Eligible Employees of the Town of Queensbury
w,nBe it enacted by the ...........................................................................................................................................of the
(Name of Legislative Body)
emxl w
CRYY of ........QUE. ENSBURY. . .........as follows:
Town ..............................................................................................................................
MW
SECTION 1 . The Code of the Town of Queensbury is hereby amended
by adding thereto a new Chapter to be Chapter 34, to read as
follows :
S34-1 . Title.
This Chapter shall be titled, "Retirement Incentive Program. "
S34-2 , _ Statutory Authority.
The authority for this Chapter is Section 10 of the Municipal
Home Rule Law and Chapter 30, Laws of 1996 of the New York State
and Local Retirement System.
534-3 . Legislative History and Purpose.
The New York State and Local Retirement Systems, pursuant to
Chapter 30 of the Laws of 1996, effective March 29, 1996, made
available a Retirement Incentive Program to local governments,
public authorities and community colleges . This legislation
permits employers that participate in the New York State and Local
Employees ' Retirement System to provide special retirement
incentive benefits to their regular retirement plan members who are
(If additional space is needed, attach pages the same size as this sheet, and number each.)
(I)
DOS-239 (Rev. 7/90)
i
at least age 50 with ten years of service credit (not including
incentive credit) . Eligible employees participating in a special
twenty-five year plan providing for retirement without regard to
age are eligible to participate in the incentive program if they
have earned twenty-five (25) years of service credit (including
incentive service) necessary to retire prior to their effective
date of retirement. Certain employees covered under Section 89-a,
Section 89-b and Section 89-d may also be eligible for the
incentive program.
534-4. Enactment.
The Town of Queensbury hereby elects to provide all of its
eligible employees with a retirement incentive program authorized
by Chapter 30, Laws of 1996 .
§34-5 . Commencement Date.
The commencement date of the retirement incentive program
shall be October 3, 1996 .
534-6 . Open Period.
The open period during which eligible employees may retire and
receive the additional retirement benefit, shall be ninety (90)
days in length commencing on October 3, 1996 .
534-7 . Value and Payment of Additional Retirement Benefits .
The actuarial present value of the additional retirement
benefits payable pursuant to the provisions of this Local Law shall
be paid as one ( 1) lump sum or in f ive (5) annual installments .
The amount of the annual payment shall be determined by the Actuary
of the New York State and Local Employees ' Retirement System and it
shall be paid by the Town of Queensbury for each employee who
(2)
receives the retirement benefits payable under this Local Law.
SECTION 2 . Severability.
In the event that any provision of this law should be deemed
invalid or illegal by a court of law, the remaining portions of the
law shall be read to the extent possible, as if said provision was
stricken therefrom and not a part thereof.
SECTION 3. Effective Date.
This Local Law shall take effect upon proper filing initially
with the New York State Secretary of State and subsequently with
the New York State and Local Retirement System (in accordance with
the terms and provisions of the Municipal Home Rule Law of the
State of New York) .
C 3)
��,v..+t.•-•- •••- a,,Mauuu ,u . po,ag,aNr, .,,xt appues to the filing of this local law ana
strike out that which-is not applicable.)
I. (Final adoption by local legislative body only.)
I hereby certify that the local law annexed hereto, designated as local law No. 3 of 19 96
of the (AC-a=y)(LitW(Town)tV of Queensbury was duly passed by the
Town Board on August 19 19_, in accordance with the applicable provisions of law.
(Name of LegislativeBody)
2. (Passage by local legislative body with approval, no disapproval or repassage after disapproval
by the Elective Chief Executive Officer'.)
I hereby certify that the local law annexed hereto, designated as local law No. of 19
of the (County)(City)(Town)(Village) of was duly passed by the
on 19_, and was (approved)(not disapproved)(repassed after
ame of egis ative ody
disapproval) by the and was deemed duly adopted on 19
eehve to xecutive tficer
in accordance with the applicable provisions of law.
3. (Final adoption by referendum.)
I hereby certify that the local law annexed hereto, designated as local law No. of 19
of the (County)(City)(Town)(Village) of was duly passed by the
on 19_, and was (approved)(not disapproved)(repassed after
Name of Legislative Body
disapproval) by the on 19 Such local law was
Elective Chief Executive Officer
submitted to the people by reason of a (mandatory)(permissive) referendum, and received the affirmative
vote of a majority of the qualified electors voting thereon at the (general)(special)(annual) election held on
19 in accordance with the applicable provisions of law.
4. (Subject to permissive referendum and final adoption because no valid petition was filed requesting
referadum.)
I hereby certify that the local law annexed hereto, designated as local law No. of 19
of the (County)(City)(Town)(Village) of was duly passed by the
on 19 and was (approved)(not disapproved)(repassed after
Name of Legislative Body
disapproval) by the on 19_ Such local law was subject to
Elective Chief Executive Officer'
permissive referendum and no valid petition requesting such referendum was filed as of 19_,
in accordance with the applicable provisions of law.
'Elective Chief Executive Officer means or includes the chief executive officer of a county elected on a
county-wide basis or, if there be none, the chairman of the county legislative body, the mayor of a city
or village, or the supervisor of a town where such officer is vested with the power to approve or veto local
la-A-s or ordinances.
(4)
S. (City local law concerning Charter revision proposed by petition.)
I hereby certify that the local law annexed hereto,designated as local law No. ........ of 19........
of the City of ................................. having been submitted to referendum pursuant to the
provisions of V of the Municipal Home Rule Law, and having received the affirmative vote of a
majority of the qualified electors of such city voting thereon at the general election held on ............
............19.........became operative.
6. (County local law concerning adoption of Charter.)
1 hereby certify that the local law annexed hereto,designated as local law No. ........ of 19.........
of the County of ......................State of New York,having been submitted to the Electors at the
General Election of November ............. 19.......pursuant to subdivisions S and 7 of section 33 of the
Municipal Home Rule Law,and having received the affirmative vote of a majority of the qualified electors
of the cities of said county as a unit and of a majority of the qualified electors of the towns of said county
considered as a unit voting at said general election,became operative.
(If any other authorized form of final adoption has been followed,please provide an appropriate certifica-
tion.)
I further certify that I have compared the preceding local law with the original on file in this office
and that the same is a correct transcript therefrom and ?f the whole of such original local law, and was
finally adopted in the manner indicated in paragraph.............above.
Clerk of the County legislative body,City.Town or Village—Clerk or
officer designated by local legislative body
Date: August 20, 1996
(Seal)
(Certification to be executed by County Attorney,Corporation Counsel,Town Attorney,Village Attorney or
other authorized Attorney of locality.)
STATE OF NEW YORK
COUNTY OF.....WARREN
................
1, the undersigned, hereby certify that the foreg loc4FMNE
ntains the correct text and that all
proper proceedings have been had or taken for the enact f w annexed hereto.
MA EMH • signature •••••.•.•••.•.••••...
........ TOWN. COUNSEL..........................
Title
l'�ffM
Date: August 23, 1996 of .:.QUEENSBURY.................
(5)
z s
STATE OF NEW YORK
DEPARTMENT OF STATE
ALBANY, NY 1 2 2 31-0001
ALEXANDER F. TREADWELL
SECRETARY OF STATE
August 28, 1996
DARLEEN M DOUGHER
TOWN OFFICE BLDG.
742 BAY ROAD
QUEENSBURY, NY 12804
RE: Town of Queensbury, Local Law 3, 1996, filed 08/26/96
The above referenced material was received and filed by this office as
indicated. Additional local law filing forms will be forwarded upon
request.
Please be advised only 1 original local law is required to be
filed in our office.
Sincerely,
qouk�
Janice G. Durfee
Principal File Clerk
Bureau of State Records
(518) 474-2755
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