Haverstraw town is to fix police officers’ wrong pension plans
Haverstraw town moved forward with switching six police officersâ€™ pension plans so that they can get full benefit after 20 years instead of having to work until they are 62 years old.
It took about 15 years for the officers to notice that their retirement plans were different from what other officers have. And in 2004, the Policemen’s Benevolent Association started negotiating with the town to change those officersâ€™ 35-year retirement plans to the 20-year retirement plan, which would require the town to put a higher contribution.
The town was not forthcoming in the beginning, saying that the town did not make mistakes but those officers did when they applied for their pension plans.
The PBA representatives argued that the town had plenty of time to notice the mistakes but did nothing.
But the town has recently held two special meetings to prepare for the state Legislature to pass the home rule legislation to enroll six police officers in the 20-year retirement plan. The home rule legislation is a necessary step to make the changes.
The bill passed the state Assembly and Senate, though it still needs to be signed by the governor.