N.Y. Comp. Codes R. & Regs. tit. 2 § 155.2

Current through Register Vol. 46, No. 50, December 11, 2024

Section 155.2 - Definitions

(a) Unless otherwise defined, the terms used in this Part shall have the same meaning as provided in article 11-A of the General Municipal Law.

(b) In addition, as used in this Part:

(1) Administrator means the State Comptroller or, if the Comptroller retains an administrative service agency or financial organization to perform the functions set forth in section 155.15 of this Part, such administrative service agency or financial organization.

(2) Benefit or benefit amount means an amount equal to an annual payment of $60, $120, $180, $240 or $360 for each year of firefighting service, as selected by the sponsor.

(3) Comptroller means the New York State Comptroller.

(4) Participant means a volunteer firefighter who is eligible for a benefit under a State- administered defined benefit volunteer firefighter service award program.

(5) Prior service costs means the cost of granting prior service credit to volunteer firefighters.

(6) Prior service credit means credit for years of volunteer firefighter service for activities performed during the five calendar years immediately preceding the adoption of a defined benefit volunteer firefighter service award program. A volunteer firefighter service award program established by a local sponsor prior to June 1, 2007 may, at the option of the local sponsor, provide for prior service credit for volunteer firefighter service rendered during a period longer than the five calendar years immediately preceding the adoption of the program.

(7) Program actuary means the actuary designated by the Comptroller to perform the functions required to be performed by an actuary under article 11-A of the General Municipal Law and this Part, as amended from time to time.

(8) Sponsor means a county, city, town, town on behalf of a fire protection district, village, village on behalf of a fire service area or fire district which adopts a State-administered defined benefit volunteer firefighter service award program.

(9) State-administered defined benefit volunteer firefighter service award program means a service award program for volunteer firefighters established or maintained as a defined benefit plan for which State administration has been selected pursuant to article 11-A of the General Municipal Law.

N.Y. Comp. Codes R. & Regs. Tit. 2 § 155.2