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HomeMy WebLinkAboutLL 12 of 1991 Retirement Incentive Program NEW YORK STATE DEPARTMENT OF STATE I A Law Filing 162 WASHINGTON AVENUE, ALBANY, NY 12231 (Use this form to file a local law with the Secretary of State.) 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. Town ......................................Ithaca...........................I................... 1 Local Law No. ..................12............................ of the year 19 A local law ...E11EqTING A RETIREMENT INCENTIVE PROGRAM AS AUTHORIZED BY ........................................11.........................................................................................I....I......... CHAPTER E 178 �� LAWS TOOF 1991 ITOF THE STATE OF NEW YORK FOR THE ELIGIBLE �PLOYEESOF THE WN OF HACA Be it enacted by the ................................. Town Board ............................ ..............Of the .............................................. (Name of Legislative Body) Or of .................................................. Ithaca ..............I................................................................................as follows: Town 1. The Town of Ithaca hereby elects to provide all its eligible employees with a retirement incentive program authorized by Chapter 178 of the Laws of 1991 of the State of New York. 2. The Commencement date of the retirement incentive option shall be October 3, 1991. 3. The open period during which eligible employees may retire and receive the additional retirement benefit shall be 90 days in length. 4. The actuarial present value of the additional retirement benefits payable pursuant to the provisions of this local law shall be funded over a five year period. The amount of the annual payment in each of the five years 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 Ithaca for each employee who receives the retirement benefits payable under this local law. 5. This act shall take effect August 16, 1991. (If additional space is needed, attach pages the same size as this sheet, and number each.) DOS-239 (Rev. 7/90) (Complete the certification in the paragraph that applies to the filing of this local law and strike out that which is not applicable.) 1. (Final adoption by local Iegislative body only.) I hereby certify that the local law annexed hereto, designated as local law No. 12 of 19 91 of the (Town) of- Ithaca was duly passed by the Town Board on August 12, 1991 , in accordance with the applicable provisions of law. Name of Legislative Body 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 Iaw 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 and was deemed duly adopted on 19_ Elective Chief Executive Officer" it ;cordance 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 Nvas 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)(specinl)(annual) election held on 19 , in accordance with the applicable provisions of law. A. (Subject to permissive referendum and final adoption because no valid petition was filed requesting referndum.) I hereby certify that the local Iaw annexed hereto, designated as local law No. of 19 of the (County)(City)(Town)(Village) of was duly passed by tha on 19_, and was (approved)(not disapproved)(repassed after Name of Legislative Body d )proval) by the on 19— Such local law was subject to Elective Chief Executive Officer' permissive referendum and no valid petition requesting such referendum was filets as of I9_ 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 poNver to approve or veto local laws or ordinances. (2) 5. (City local law concerning Charter revision proposed by petition.) I hereby certify that the Iocal law annexed hereto, designated as local law No. of 19 of the City of having been submitted to referendum pursuant to the provisions of section (36)(37) 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 (special)(general) election held on 19_, became operative. 6. (County local law concerning adoption of Charter.) I 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 5 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 appropritate certification.) .trther 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 of the whole of such original local law, and was finally adopted in the manner indicated in paragraph 1 , above. own =Clerk (Seal) Date: August 13, 1991 (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 Tompkins 1, the undersigned, hereby certify that the foregoing local law contains the correct text and that all proper nroceedings have been had or taken for the enactment of the local la annexed hereto. ,:'ems Signatur Town Attorney Title Ir of Ithaca Town --- Date: , (3)