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NY A08213
Bill
Status
5/5/2025
Primary Sponsor
Anna Kelles
Click for details
AI Summary
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Allows Daniel H. Austic, a police officer with the Trumansburg Police Department appointed on December 16, 2010, to transfer from the section 375-i retirement plan to the special twenty-year retirement plan under section 384-d of the retirement and social security law
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Requires the Village of Trumansburg to elect to assume the additional cost by filing a resolution with the state comptroller within one year of the act's effective date
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Places all past service costs on the Village of Trumansburg, including a one-time payment of approximately $3,090 and an estimated $550 annual contribution increase starting fiscal year ending March 31, 2026
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Addresses enrollment error where Austic was placed in the wrong retirement plan through no fault of his own
Legislative Description
Authorizes the village of Trumansburg to offer an optional twenty-year retirement plan to Daniel H. Austic under section 384-d of the retirement and social security law.
Last Action
substituted by s7911
6/13/2025