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NY S09878
Bill
Status
7/19/2024
Primary Sponsor
Jeremy Cooney
Click for details
AI Summary
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Authorizes Monroe County to make the optional 20-year retirement plan available to Christopher R. Fay, a captain with an employment start date of August 26, 1991, who missed the deadline for enrollment due to 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 Fay did not bar himself from participation through negligence
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Allows Fay to elect coverage under sections 552 and 553 of the Retirement and Social Security Law within one year of the act's effective date, with service credited from August 26, 1991 to present
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Monroe County must bear all employer past service costs, estimated at approximately $145,000 as a one-time payment, which may be amortized over five years at $32,300 annually
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Takes effect immediately upon enactment
Legislative Description
Authorizes the county of Monroe to offer an optional twenty year retirement plan to Christopher R. Fay, a deputy sheriff employed by the county of Monroe.
Last Action
REFERRED TO RULES
7/19/2024