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NY S09881

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 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, despite missing the original application deadline through no fault of his own.

  • Requires Monroe County to file a resolution with the state comptroller within 180 days of enactment certifying that Zimmerman's failure to apply was not due to his own negligence.

  • Credits Zimmerman's service from October 29, 1990 to present under the 20-year plan provisions, with the employee having one year from the effective date to file an election with the retirement system.

  • Requires Monroe County to bear all employer past service costs, estimated at approximately $141,000, which may be amortized over a five-year period at approximately $31,500 annually including interest.

  • Increases Monroe County's annual retirement contributions by approximately $11,000 for fiscal year ending March 31, 2025, with future costs varying based on billing rates and Zimmerman's salary.

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 RULES

7/19/2024

Committee Referrals

Rules7/19/2024

Full Bill Text

No bill text available