NY Gen Mun L § 219-C (2021)
2021 New York Laws GMU - General Municipal Article 11-AA - Defined Contribution Service Award Programs for Volunteer Ambulance Workers 219-C - Definitions.

§ 219-c.  Definitions.  As used in this article:1.  "Ambulance  company" shall mean a municipal ambulance service or a   voluntary ambulance service, but shall not include an ambulance  service   organized pursuant to section two hundred nine-b of this chapter.2.  "Defined  contribution  plan" means any service award program that   provides to a participant a  benefit  as  the  result  of  definite  and   determinable  contributions  made  to  the  program  on  behalf  of  the   participant without reference to any income, expense, gains or losses or   forfeitures of other participants under the program.3. "Entitlement age" means the earliest age, except  in  the  case  of   disability  or  death,  designated by the sponsor at which a participant   who has a nonforfeitable right to a service award is entitled  to  apply   for  and  begin receiving a service award. In no event shall entitlement   age be earlier than age fifty-five nor later than age sixty-seven.3-a. "Fiduciary" means any person, including an administrative service   agency and a financial organization, exercising discretionary  authority   or control with respect to the administration of a service award program   or  the  custody,  management  or  disposition of program assets, or any   person who renders advice to the program for a fee.4. "Fund" means the volunteer ambulance  service  award  fund  created   pursuant to this article.4-a.  "Municipal  ambulance  service"  means  an  ambulance service as   defined in subdivision two of section three thousand one of  the  public   health  law operated by a municipal corporation or agency thereof, or by   an ambulance district, and staffed in whole  or  in  part  by  volunteer   ambulance workers.5.  "Nonforfeitable"  means  the unconditional and legally enforceable   right to receive a service award.6. "Participant" means a volunteer ambulance worker who satisfies  the   age  and  service requirements of subdivision one of section two hundred   nineteen-e of this article.6-a. "Political subdivision" means  a  county,  city,  town,  village,   ambulance  district, or fire protection district which contracts with an   ambulance service which is not organized pursuant to section two hundred   nine-b of this chapter.7. "Service award" means the benefit payable  pursuant  to  a  service   award program.8.  "Service  award program" or "program" means a defined contribution   plan established, adopted and maintained under this article  to  provide   service awards for volunteer ambulance workers.9.   "Sponsor"   or   "sponsoring   organization"  means  a  political   subdivision which adopts a service award program.9-a. "Voluntary ambulance  service"  means  an  ambulance  service  as   defined in subdivision three of section three thousand one of the public   health law (i) operating not for pecuniary profit or financial gain, and   (ii)  no  part  of the assets or income of which is distributable to, or   enures to the benefit of its members, directors or  officers  except  to   the extent permitted under article thirty of the public health law.9-b.  "Volunteer ambulance worker" means an active volunteer member of   an ambulance company as specified on a list regularly maintained by  the   company for purposes of the volunteer ambulance workers' benefit law.10.  "Year  of ambulance service" means a calendar year during which a   volunteer  ambulance  worker  accumulates  at  least  fifty  points   in   accordance  with the system established pursuant to subdivision three of   section two hundred nineteen-e of this article.11. "Elected or appointed position" means  the  directors,  president,   vice  president,  treasurer,  secretary  or other corporate officers and   line officers of an ambulance company. 12.  "Administrator"  or  "plan   administrator"   means   the   state   comptroller,   or   an   administrative   service  agency  or  financial   organization selected by the state  comptroller  to  perform  all  or  a   portion of the functions required to administer service award programs.13.   "Administrative  service  agency"  means  an  organization  duly   authorized to do business  in  the  state  and  which  is  qualified  to   administer  and  maintain  records  and accounts of plans which meet the   requirements for qualification  under  the  internal  revenue  code  and   governmental plans.14.  "Financial organization" means an organization duly authorized to   do business in the state and which is (i) registered  as  an  investment   adviser  under  the  Investment Advisers Act of 1940, as such provisions   may be amended from time to time; (ii)  licensed  or  chartered  by  the   state  department of financial services; (iii) chartered by an agency of   the  federal  government;  or  (iv)  subject  to  the  jurisdiction  and   regulation  of  the  securities  and  exchange commission of the federal   government.