NY A07007

Allows police officer Michael Sprague, employed by the Village of Port Chester since January 7, 2013, to transfer from the general retirement plan (section 375-i) to the special twenty-year retirement plan (section 384-d) despite missing the original filing deadline through no fault of his own

Village of Port Chester must elect to assume the additional cost of crediting Sprague's service under the enhanced retirement plan

Sprague must file a request with the state comptroller within one year of the act's effective date to receive coverage under section 384-d

Immediate past service cost estimated at approximately $345,000, to be paid by the village as a lump sum or amortized over 10 years (first year cost with interest: $44,100)

Annual employer contributions expected to increase by approximately $21,000 for fiscal year ending March 31, 2026, with future costs varying based on billing rates and salary changes