2023 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.