Loading chat...
NY A10231
Bill
Status
11/21/2022
Primary Sponsor
D. Billy Jones
Click for details
AI Summary
-
Authorizes Clinton County to allow three named deputy sheriffs (Tanner Hooker, Timothy Schwartz, and Ian Vanier) to participate in the optional 25-year retirement plan under article 14-B of the Retirement and Social Security Law despite missing the original application deadline.
-
Requires Clinton County to file a resolution with the state Comptroller within 180 days of the act becoming law, certifying that the three deputy sheriffs were prevented from timely application through no fault of their own.
-
Permits the three deputy sheriffs to individually elect coverage under section 551 of the Retirement and Social Security Law within one year of the act's effective date.
-
Clinton County must bear all employer past service costs associated with the plan, which may be amortized over a five-year period.
-
Estimated immediate past service cost of approximately $4,770, with annual contribution increases of approximately $1,500 for fiscal year 2023, varying in future years based on billing rates and salaries.
Legislative Description
Authorizes the county of Clinton to offer an optional twenty-five year retirement plan to Tanner Hooker, Timothy Schwartz, and Ian Vanier, deputy sheriffs employed by such county.
Last Action
signed chap.616
11/21/2022