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NY A10626
Bill
Status
6/20/2024
Primary Sponsor
Harry Bronson
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AI Summary
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Authorizes Monroe County to allow Carl J. Zimmerman, a sergeant with an employment start date of October 29, 1990, to participate in the optional 20-year retirement plan under Articles 552-553 of the Retirement and Social Security Law.
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Permits this exception because Zimmerman failed to make a timely application to the 20-year plan for reasons not attributable to his own negligence.
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Requires Monroe County to file a resolution with the State Comptroller within 180 days of the act becoming law, certifying that Zimmerman did not bar himself from participation through negligence.
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Allows Zimmerman one year from the effective date to elect coverage and requires the retirement system to credit his service from October 29, 1990 to present under the 20-year plan.
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Monroe County must bear all employer past service costs, estimated at approximately $141,000 as a one-time payment or $31,500 annually if amortized over five years, plus approximately $11,000 in increased annual contributions for fiscal year 2025.
Legislative Description
Authorizes the county of Monroe to offer an optional twenty year retirement plan to Carl J. Zimmerman, a deputy sheriff employed by the county of Monroe.
Last Action
referred to governmental employees
6/20/2024