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NY A07825
Bill
Status
4/11/2025
Primary Sponsor
Anna Kelles
Click for details
AI Summary
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Authorizes Kyle Davenport, a Tompkins County deputy sheriff employed since May 8, 2017, to transfer from the 25-year retirement plan to the more favorable 20-year retirement plan after missing the original enrollment deadline through no fault of his own
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Requires Tompkins County to elect to assume the additional costs within one year of the act's effective date by filing a resolution and certification with the state comptroller
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Gives Davenport 18 months from the effective date to file his election to participate in the 20-year plan under sections 552 and 553 of the Retirement and Social Security Law
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Tompkins County will bear all employer past service costs, with an immediate one-time payment of approximately $92,100 (or $20,600 annually if amortized over five years) plus approximately $11,000 in additional annual contributions
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Takes effect immediately upon passage
Legislative Description
Authorizes the county of Tompkins to offer an optional twenty year retirement plan to Kyle Davenport, a deputy sheriff employed by such county upon such officer's election to participate in such plan.
Last Action
substituted by s7849
6/13/2025