HomeMy WebLinkAboutLL#5 of 2017 Amend LL #1 of 2017 Early Retirement Incentive ProgramTOWN OF LANSING, TOMPKINS COUNTY, NEW YORK
LOCAL LAW NUMBER 5 OF 2017
A LOCAL LAW TO AMEND THE 2017 LOCAL RETIREMENT
INCENTIVE PROGRAM BY AMENDING LOCAL LAW #1 OF 2017
Be it enacted by the Town of Lansing as follows:
SECTION 1: Section 5 of Local Law #1 of 2017 be and hereby is amended to read as follows:
SECTION 5: LOCAL RETIREMENT INCENTIVE PAYMENT: Notwithstanding any other
provision of law, an eligible employee who makes a participation election shall rece ive a
retirement incentive of $1,000 for each year of credited service in the retirement system, payable
in lump sum upon the effective retirement date.
SECTION 2: In all other manners and respects the balance of Local Law #1 of 2017 and the local
early retirement incentive program thereby adopted are and remain unchanged, including the dates of
election and mandatory retirement from town service.
SECTION 3: This local law shall take effect immediately.
To: The Town Clerk of the Town of Lansing
From: ______________________________
Re: Election to Retire Under Local Law #1 and Local Law #5 of 2017
Dear Town Clerk Munson:
Please consider this the irrevocable letter of resignation of the undersigned effective upon
________________ or, if the preceding line was left blank, then effective at the end of the business day
upon June 30, 2017.
I am hereby declaring that I am an eligible employee and wish to participate in the local retirement
incentive plan as described in Local Law #1 and Local Law #5 of 2017. I understand that on or before
my last day of work I will be paid a sum equal to $1,000 times the number of credited years in the New
York State civil service/retirement system.
I understand that this is a letter of retirement and that it is irrevocable and may not be withdrawn for
any reason.
Thank you for your attention to the above matters.
Very truly yours,
__________________________ _________________
(signature) (date)
__________________________
(print name)