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NY A07915
Bill
Status
11/21/2025
Primary Sponsor
Donna Lupardo
Click for details
AI Summary
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Authorizes the City of Binghamton to allow firefighter David Edwards to enroll in the optional one-sixtieths retirement plan after 25 years of service, despite missing the original application deadline through no fault of his own
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Requires the city to file a resolution with the state comptroller within 9 months certifying that Edwards' failure to apply was not due to his own negligence
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Edwards must file his request to participate within one year of the act's effective date to receive full rights and benefits under the enhanced retirement plan
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City of Binghamton must pay all past service costs, estimated at $16,700 as a lump sum or $2,130 annually if amortized over 10 years
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Annual contributions to the retirement system will increase by approximately $1,100 for fiscal year ending March 31, 2026, with future costs varying based on billing rates and salary changes
Legislative Description
Authorizes David Edwards to receive certain service credit under a twenty-five year retirement plan offering one-sixtieths after twenty-five years of total creditable service for service with the Binghamton Fire Department.
Last Action
signed chap.531
11/21/2025