Village of Penn Yan, NY Chapter 29 Retirement Incentive Program

[HISTORY: Adopted by the Board of Trustees of the Village of Penn Yan 8-27-2002 by L.L. No. 3-2002.[1] Amendments noted where applicable.]

[1] Editor's Note: This local law was adopted as Ch. 149, but was renumbered to fit into the organizational structure of the Code.

§ 29-1 Election of 2002 program.

The Village of Penn Yan hereby elects to provide all eligible employees in the position or positions so targeted with a retirement incentive program, Part A, as authorized by Chapter 69 of the Laws of 2002.

§ 29-2 Commencement; open period.

The commencement date of the retirement incentive program, Part A - Targeted Incentive, shall be October 1, 2002.The open period during which eligible employees may retire and receive the additional retirement benefit shall be 90 days in length and shall end on December 29, 2002.

§ 29-3 Eligibility.

Employees (or officers) who satisfy the requirements of Chapter 69 and who hold a title, to be determined by the chief executive officer, shall be eligible to elect to receive the retirement incentive, Part A.