147.2002
RESOLUTION AUTHORIZING AMENDMENT OF TOWN RETIREMENT
PLAN OPTION TO PROVIDE FOR ALLOWANCE OF UNUSED SICK
LEAVE CREDITS UNDER NEW YORK STATE RETIREMENT AND
SOCIAL SECURITY LAW SECTION 41(j)
RESOLUTION NO.: 147, 2002
INTRODUCED BY: Mr. Roger Boor
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Daniel Stec
WHEREAS, the Town of Queensbury offers its employees retirement plan options under the
New York State and Local Retirement System, and
WHEREAS, Town policy currently provides for all employees to accumulate up to 140 days
of sick leave and payment for some unused sick leave at the time of retirement, and
WHEREAS, the New York State and Local Retirement System has advised the Town that
New York State Retirement and Social Security Law §41(j) allows a participating employer (the
Town) to elect to provide additional service credit toward retirement for its employees who are entitled
to accumulate sick leave, and
WHEREAS, the Town Board wishes to authorize the additional benefits allowed for under
Retirement and Social Security Law §41(j) by permitting Town employees to receive Employee
Retirement System service credit for unused and unpaid sick leave at the time of retirement,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby elects to provide the additional pension
benefits of New York State Retirement and Social Security Law §41(j) referenced in the preambles of
this Resolution and as presently or hereafter amended, and
BE IT FURTHER,
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RESOLVED, that the effective date of this change in benefits shall be March 5, 2002,
and
BE IT FURTHER,
RESOLVED, that the cost of the retroactive benefit for current Town employees in the
amount of $4,620 shall be charged to each Town Operating Fund’s Employee Retirement System
Account as appropriate, with future costs to be included in the annual assessment by the
Employee Retirement System, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor
and/or Town Comptroller to sign any documentation and take any and all action necessary to
effectuate all terms of this Resolution, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to
distribute copies of this Resolution to all Town Departments.
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Duly adopted this 4 day of March, 2002 by the following vote:
AYES : Mr. Stec, Mr. Brewer, Mr. Brower, Mr. Boor, Mr. Turner
NOES : None
ABSENT : None