[HISTORY: Adopted by the Town Board of the
Town of Sullivan as indicated in article histories. Amendments noted
where applicable.]
GENERAL REFERENCES
Defense and indemnification — See Ch. 23.
[Adopted 9-5-2001 by L.L. No. 1-2001]
A monetary benefit payable to a qualified employee,
in lieu of a qualified employee of the Town participating in the comprehensive
health insurance plan sponsored by the Town, the "health insurance
plan," is hereby established.
A "qualified employee" means a full time employee,
employed by the Town, and eligible to participate in the health insurance
plan.
The monetary benefit shall be based upon payment
of the sum of $55 per month (the "base amount") as herein provided.
The monetary benefit shall be a sum of money
equal to the base amount times the number of months the qualified
employee:
The base amount shall be prorated for the number
of work days in the month the qualified employee is eligible to receive
the monetary benefit, in the instance when the qualified employee
is not eligible for the entire month. The prorated base amount shall
be paid to the qualified employee at the same time the monetary benefit
is paid as herein provided.
A qualified employee electing not to participate
in the health insurance plan maintained by the Town must do so in
writing delivered to the Comptroller of the Town in accordance with
the personnel policies of the Town, by the date determined by the
insurance carrier providing coverage under the health insurance plan.
The election shall become effective on the first day of May or November
next following the timely making and delivery of the requisite election
to the Comptroller, or such other date or dates as the insurance carrier
may from time to time determine.
The payment of the monetary benefit shall be
made by December 15 of each year and shall be included in the employee's
regular payroll check, unless the qualified employee terminates his/her
employment prior to that date, in which event the monetary benefit
shall be included in the qualified employee's final payroll check.
[Adopted 7-21-2010 by L.L. No. 1-2010]
The Town of Sullivan hereby elects to provide all of its eligible employees with a retirement incentive program authorized by Chapter 105, Laws of 2010.
The commencement date of the retirement incentive program shall
be October 3, 2010.
The open period during which eligible employees may retire and
receive additional retirement benefits shall be 90 days in length.
The actuarial present value of the additional retirement benefits
payable pursuant to the provisions of this article shall be paid in
one lump sum or in five 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 Sullivan for each employee who receives the retirement benefits
payable under this article.
