Loading chat...
NY S07911
Bill
Status
11/21/2025
Primary Sponsor
Lea Webb
Click for details
AI Summary
-
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 20-year retirement plan under section 384-d of the Retirement and Social Security Law
-
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, along with certification that the officer's exclusion from the plan was not due to his own negligence
-
Mandates the Village of Trumansburg to pay all past service costs, including a one-time payment of approximately $3,090
-
Increases the Village of Trumansburg's annual retirement contributions by approximately $550 for fiscal year ending March 31, 2026, with costs varying in future years based on billing rates and salary changes
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
SIGNED CHAP.559
11/21/2025