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NY S09878

Bill

Status

Introduced

7/19/2024

Primary Sponsor

Jeremy Cooney

Click for details

Origin

Senate

2023-2024 General Assembly

AI Summary

  • 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

  • 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

  • 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

  • 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

  • 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

Committee Referrals

Rules7/19/2024

Full Bill Text

No bill text available