[Adopted 4-18-1995 by L.L. No. 3-1995]
The Village of Ossining hereby elects to provide all its eligible, targeted employees with a retirement incentive program authorized by Chapter 12, Laws of 1995.
The commencement date of the retirement incentive
program shall be July 1, 1995.
The open period during which eligible employees
may retire and receive additional retirement benefit shall be 57 days
in length.
The employer will fund the retirement incentive program provided by Chapter 12, Laws of 1995, by paying to the New York State and Local Employees' Retirement System in five annual payments, the amount of which shall be determined by the Retirement System Actuary, the first payment for which is due December 15, 1996.
