Town Of Ulster
 News 

SPECIAL Election - Eddyville Fire Protection District

April 12, 2011
Table Of Contents:
Summary:

There will be a Special Election of the Eddyville Fire Protection District on April 12, 2011 at the Bloomington Fire Department, 12:00 pm - 8:00 pm regarding the establishment of a defined benefit plan service award program for the Volunteer Firefighters.

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Body:

SPECIAL ELECTION OF THE

EDDYVILLE FIRE PROTECTION DISTRICT

 

     NOTICE, is hereby given pursuant to the Town Law of the State of New York, that Special Election of the Eddyville Fire Protection District will take place on the 12th day of April, 2011, between the hours of 12:00 pm and 8:00 pm at the Bloomington Fire Department Fire House located at 14 Taylor Street, Bloomington, New York, 12411, for the purpose of voting the following proposition.

 

     All residents of the Eddyville Fire Protection District who are duly registered to vote with the Ulster County Board of Elections on or before the 20th day of March, 2011, shall be entitled to vote at this election.

 

PROPOSITION

 

     Shall the Resolution of the Town Board of the Town of Ulster in and for the Eddyville Fire Protection District entitled:

 

"RESOLUTION OF THE EDDYVILLE FIRE PROTECTION DISTRICT IN THE TOWN OF ULSTER, COUNTY OF ULSTER, STATE OF NEW YORK, ADOPTED THE 17TH DAY OF FEBRUARY, 2011 AUTHORIZING THE ESTABLISHMENT OF A DEFINED BENEFIT PLAN SERVICE AWARD PROGRAM FOR THE VOLUNTEER FIREFIGHTERS OF THE BLOOMINGTON FIRE DEPARTMENT; STATING THE ESTIMATED ANNUAL COST FOR THE FIRST TEN YEARS OF THE PROGRAM TO BE $86,717.00 BASED ON THE EXISTING NUMBER OF FIREFIGHTERS; STATING THE ESTIMATED ANNUAL COST THEREAFTER TO BE $21,000.00 BASED ON THE EXISTING NUMBER OF FIREFIGHTERS; STATING THE ESTIMATED ANNUAL ADMINISTRATIVE FEE TO BE $2,000.00; STATING THAT THE PROJECTED MONTHLY AWARD TO BE PAID TO AN ELIGIBLE VOLUNTEER FIREFIGHTER AT THE AGE 65 TO BE $20.00 FOR EACH YEAR OF QUALIFYING SERVICE CREDIT; AND THE ESTIMATED ANNUAL COST FOR A COVERED PARTICIPANT TO BE APPROXIMATELY $2,115.15 FOR THE FIRST TEN YEARS DECREASING TO APPROXIMATELY $417.00 THEREAFTER; STATING THAT THE NORMAL FORM OF PAYMENT OF THE BENEFIT SHALL BE A TEN YEAR CONTINUOUS AND CERTAIN LIFE ANNUITY WITH OPTIONAL ACTUARIALLY EQUIVALENT FORMS OF PAYMENT ALLOWED; STATING DEATH AND TOAL AND PERMANENT DISABILITY BENEFITS ARE PAYABLE UNDER THE PROGRAM; AND AUTHORIZING A FIVE YEAR PRIOR SERVICE CREDIT FOR PRIOR SERVICE; WITH THE PLAN TO BE EFFECTIVE JANUARY 1, 2012, BE APPROVED?

 

Town Board, Town of Ulster