[HISTORY: Adopted by the Town Board of the Town of Sullivan as indicated in article histories. Amendments noted where applicable.]
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.