Section 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 age sixty-five and, except in the case of
  disability or death, shall be the earliest age at  which  a  participant
  who  has  a nonforfeitable right to a service award is entitled to apply
  for and begin receiving a service award.
    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
  insurance department; (c) licensed or chartered  by  the  state  banking
  department; (d) chartered by an agency of the federal government; or (e)
  subject  to  the  jurisdiction  and  regulation  of  the  securities and
  exchange commission of the federal government.