[HISTORY: Adopted by the Board of Trustees
of the Village of Tarrytown as indicated in article histories. Amendments
noted where applicable.]
[Adopted 9-21-1992 by L.L. No. 15-1992]
The Village of Tarrytown hereby elects to provide
all its eligible employees with a retirement incentive program authorized
by Chapter 643 of the Laws of 1992.
The commencement date of the retirement incentive
program shall be November 1, 1992.
The open period during which eligible employees
may retire and receive the additional retirement benefit shall be
61 days.
The actuarial present value of the additional
retirement benefits payable pursuant to the provisions of this article
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 Employee's Retirement System and it
shall be paid by the Village of Tarrytown for each employee who receives
the retirement benefits payable under this article.
[Adopted 8-16-2010 by L.L. No. 8-2010]
The Village of Tarrytown hereby elects to provide employees in targeted positions with a retirement incentive program authorized by the State of New York in Chapter 105 of the Laws of 2010.
Pursuant to Part A of the retirement incentive program, the
following positions shall be targeted and specific employees in the
positions, who qualify pursuant to the requirements of the law creating
the retirement incentive program, shall be offered the incentive:
The commencement date of the retirement incentive program shall
be November 1, 2010.
The open period during which eligible employees may retire and
receive the additional retirement benefit shall be 61 days.
The additional retirement benefits payable pursuant to the provisions
of this article shall be funded over a five-year period.
