NY Gen Mun L § 219-K (2021)
2021 New York Laws GMU - General Municipal Article 11-AAA - Defined Benefit Service Award Program for Volunteer Ambulance Workers 219-K - Definitions.

§ 219-k.  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  benefit  plan"  means  any  service  award  program that   provides to a participant a  benefit  that  is  definitely  determinable   under  the  program  without  reference to the amount contributed to the   program on the participant's behalf or to any income, expense, gains  or   losses or forfeitures of other participants under the program.3.  "Entitlement age" means the age designated by the sponsor at which   a program participant  is  entitled  to  begin  receiving  an  unreduced   service  award. In no event shall the entitlement age under a program be   earlier than age  fifty-five  nor  later  than  the  age  at  which  the   participant  can  receive  an  unreduced  benefit  under Title II of the   Social Security Act (Public Law 74-271 U.S.C. 306 et seq.).  No  service   award  program  may  provide  for the payment of benefits (except in the   case of death or disability) before age fifty-five.4. "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.5.  "Fund" means the volunteer ambulance defined benefit service award   fund created pursuant to this article.6. "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.7.  "Nonforfeitable"  means  the unconditional and legally enforceable   right to receive a service award.8. "Participant" means a volunteer ambulance worker who satisfies  the   age  and  service requirements of subdivision one of section two hundred   nineteen-m of this article.9. "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.10. "Service award" means the benefit payable pursuant  to  a  service   award program.11.  "Service award program" or "program" means a defined benefit plan   established, adopted  and  maintained  under  this  article  to  provide   service awards for volunteer ambulance workers.12.   "Sponsor"   or   "sponsoring  organization"  means  a  political   subdivision which adopts a service award program.13. "Voluntary  ambulance  service"  means  an  ambulance  service  as   defined  in  subdivision two of section three thousand one of the public   health law (a) operating not for pecuniary profit or financial gain, and   (b) 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.14. "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.15. "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-m of this article. 16.  "Elected  or  appointed position" means the directors, president,   vice president, treasurer, secretary, other corporate officers and  line   officers of an ambulance company.17.   "Administrator"   or   "plan   administrator"  means  the  state   comptroller,  or  an  administrative   service   agency   or   financial   organization  selected  by  the  state comptroller to administer service   award programs.18.  "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.19. "Financial organization" means an organization duly authorized  to   do  business  in  the  state  which  is  (a) registered as an investment   adviser under the Investment Advisers Act of 1940,  as  such  provisions   may be amended from time to time; (b) licensed or chartered by the state   department  of  financial  services;  (c)  chartered by an agency of the   federal government; or (d) subject to the jurisdiction and regulation of   the securities and exchange commission of the federal government.