New York Codes, Rules and Regulations
Title 2 - DEPARTMENT OF AUDIT AND CONTROL
Chapter IV - Miscellaneous Rules
Part 152 - Defined Benefit Service Award Programs For Volunteer Ambulance Workers
Section 152.20 - Reports
Universal Citation: 2 NY Comp Codes Rules and Regs ยง 152.20
Current through Register Vol. 46, No. 12, March 20, 2024
(a) On or before September 30th of each year, the administrator shall provide to each sponsor a report which shall include, but not be limited to, the following information for the sponsor for the preceding calendar year:
(1) the total value of program assets as of
January 1st;
(2) the total amount
contributed to the program by the sponsor;
(3) the total amount of trustee expenses
charged against program assets;
(4)
the total amount of administrative expenses charged against program
assets;
(5) the total amount of
interest and investment earnings credited to program assets;
(6) the total amount of investment losses
charged to program assets;
(7) the
total amount of distributions;
(8)
the total value of program assets as of December 31st;
(9) the actuarially determined normal cost
and prior service cost for the preceding calendar which is payable by the
sponsor in the current calendar year;
(10) the administration costs payable in the
current calendar year;
(11) the
names of persons paid service awards during the preceding calendar year as well
as the amount paid to each person during such year;
(12) the names and earned service credit of
all persons who were participants in the program, including those in pay status
or pending pay status, as of December 31st of such preceding calendar year
along with a statement setting forth of each person's status in the program as
of such date;
(13) the names of the
active volunteer ambulance workers who were not participants as of December
31st of such preceding calendar year; and
(14) the projected annual program costs for
each year within the five calendar year period next following the current
calendar year.
(b) On or before September 30th of each year, the administrator shall provide to each ambulance company, and immediately thereafter each ambulance company shall provide to each participant who is a member of the company, a confidential statement for the preceding calendar year which shall include, but shall not be limited to, the following information for the participant:
(1) name;
(2) address;
(3) social security number;
(4) date of birth;
(5) number of years of ambulance service
credited as of December 31st;
(6)
the amount of any death or disability benefit payable as of December 31st to
the participant or the participant's beneficiary;
(7) whether the participant had a
nonforfeitable right to a service award as of December 31st;
(8) a statement as to the number of years of
ambulance service required for the participant to acquire a nonforfeitable
right to a service award.
(9)
name(s) of the beneficiaries designated by the participant;
(10) a description of the sponsor
report;
(11) the name and address
of the person to whom the sponsor report was mailed from whom they may obtain a
copy of such report;
(12) the name
of the person in the ambulance company who submitted information about the
participant to the administrator;
(13) the procedure for correcting information
shown on the statement.
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