§ 219-K — Definitions

§ 219-k. Definitions. As used in this article:\n 1. "Ambulance company" shall mean a municipal ambulance service or a\nvoluntary ambulance service, but shall not include an ambulance service\norganized pursuant to section two hundred nine-b of this chapter.\n 2. "Defined benefit plan" means any service award program that\nprovides to a participant a benefit that is definitely determinable\nunder the program without reference to the amount contributed to the\nprogram on the participant's behalf or to any income, expense, gains or\nlosses or forfeitures of other participants under the program.\n 3. "Entitlement age" means the age designated by the sponsor at which\na program participant is entitled to begin receiving an unreduced\nservice award. In no event shall the entitlement age under a program be\nearlier than age fifty-five nor later than the age at which the\nparticipant can receive an unreduced benefit under Title II of the\nSocial Security Act (Public Law 74-271 U.S.C. 306 et seq.). No service\naward program may provide for the payment of benefits (except in the\ncase of death or disability) before age fifty-five.\n 4. "Fiduciary" means any person, including an administrative service\nagency and a financial organization, exercising discretionary authority\nor control with respect to the administration of a service award program\nor the custody, management or disposition of program assets, or any\nperson who renders advice to the program for a fee.\n 5. "Fund" means the volunteer ambulance defined benefit service award\nfund created pursuant to this article.\n 6. "Municipal ambulance service" means an ambulance service as defined\nin subdivision two of section three thousand one of the public health\nlaw operated by a municipal corporation or agency thereof, or by an\nambulance district, and staffed in whole or in part by volunteer\nambulance workers.\n 7. "Nonforfeitable" means the unconditional and legally enforceable\nright to receive a service award.\n 8. "Participant" means a volunteer ambulance worker who satisfies the\nage and service requirements of subdivision one of section two hundred\nnineteen-m of this article.\n 9. "Political subdivision" means a county, city, town, village,\nambulance district, or fire protection district which contracts with an\nambulance service which is not organized pursuant to section two hundred\nnine-b of this chapter.\n 10. "Service award" means the benefit payable pursuant to a service\naward program.\n 11. "Service award program" or "program" means a defined benefit plan\nestablished, adopted and maintained under this article to provide\nservice awards for volunteer ambulance workers.\n 12. "Sponsor" or "sponsoring organization" means a political\nsubdivision which adopts a service award program.\n 13. "Voluntary ambulance service" means an ambulance service as\ndefined in subdivision two of section three thousand one of the public\nhealth law (a) operating not for pecuniary profit or financial gain, and\n(b) no part of the assets or income of which is distributable to, or\nenures to the benefit of its members, directors or officers except to\nthe extent permitted under article thirty of the public health law.\n 14. "Volunteer ambulance worker" means an active volunteer member of\nan ambulance company as specified on a list regularly maintained by the\ncompany for purposes of the volunteer ambulance workers' benefit law.\n 15. "Year of ambulance service" means a calendar year during which a\nvolunteer ambulance worker accumulates at least fifty points in\naccordance with the system established pursuant to subdivision three of\nsection two hundred nineteen-m of this article.\n 16. "Elected or appointed position" means the directors, president,\nvice president, treasurer, secretary, other corporate officers and line\nofficers of an ambulance company.\n 17. "Administrator" or "plan administrator" means the state\ncomptroller, or an administrative service agency or financial\norganization selected by the state comptroller to administer service\naward programs.\n 18. "Administrative service agency" means an organization duly\nauthorized to do business in the state and which is qualified to\nadminister and maintain records and accounts of plans which meet the\nrequirements for qualification under the internal revenue code and\ngovernmental plans.\n 19. "Financial organization" means an organization duly authorized to\ndo business in the state which is (a) registered as an investment\nadviser under the Investment Advisers Act of 1940, as such provisions\nmay be amended from time to time; (b) licensed or chartered by the state\ndepartment of financial services; (c) chartered by an agency of the\nfederal government; or (d) subject to the jurisdiction and regulation of\nthe securities and exchange commission of the federal government.\n