Bill > S05564

This bill provides a special retirement opportunity for Michael Sprague, a police officer who has been employed by the village of Port Chester since January 7, 2013. Specifically, the bill allows Mr. Sprague to be retroactively enrolled in a special twenty-year retirement plan under section 384-d of the Retirement and Social Security Law, despite initially missing the application deadline through no fault of his own. The village of Port Chester must elect to assume the additional cost of crediting his past service in this specialized retirement plan. Mr. Sprague will have one year from the act's effective date to file a request with the state comptroller to be covered under this plan. All employer past service costs, which are estimated at approximately $345,000, will be borne by the village and can be amortized over a ten-year period. The fiscal note indicates that this will result in an increased annual contribution of around $21,000 for the village in the fiscal year ending March 31, 2026, with costs varying in future years based on salary changes. The bill is designed to provide Mr. Sprague with full rights and benefits associated with the special twenty-year retirement plan, retroactively correcting an administrative oversight.

Budget and Finance, Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/S5564