NY A10251

Authorizes the City of Cohoes to make the optional retirement plan under section 384-d of the Retirement and Social Security Law available to police officer Jeffrey Bressette, who missed the deadline to enroll through no fault of his own.

Requires the City of Cohoes to file a resolution with the state comptroller by December 31, 2018, certifying that Bressette's failure to timely apply was not due to his own negligence.

Allows Bressette to elect coverage under section 384-d by filing a request with the state comptroller on or before June 30, 2019, with full rights and benefits of that plan.

Makes the City of Cohoes responsible for all past service costs associated with implementing this act; only Bressette's service and salary earned with the City of Cohoes will be credited toward retirement calculations.

Estimated to increase the City of Cohoes' annual contributions by approximately $6,200 for fiscal year ending March 31, 2019, with future costs varying based on billing rates and salary changes.