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Bill > S06690


NY S06690

NY S06690
Authorizes the county of Monroe to offer an optional twenty year retirement plan to Christopher R. Fay, a deputy sheriff employed by the county of Monroe.


summary

Introduced
03/19/2025
In Committee
05/27/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to authorize the county of Monroe to offer an optional twenty year retirement plan to Christopher R. Fay, a captain employed by such county

AI Summary

This bill authorizes Monroe County to offer Christopher R. Fay, a deputy sheriff (referred to as a captain in the bill) who started working on August 26, 1991, a special opportunity to participate in an optional 20-year retirement plan under the New York State Employees' Retirement System. Specifically, the bill allows Fay to retroactively join the 20-year retirement plan (outlined in sections 552 and 553 of the Retirement and Social Security Law) even though he previously missed the original application deadline, provided he did not miss the deadline due to his own negligence. The county can approve this by filing a resolution with the state comptroller within 180 days of the bill becoming law, and Fay would have one year from the effective date to file an election with the retirement system. The bill also stipulates that Monroe County will bear all past service costs associated with implementing this provision, which are estimated at approximately $153,000 and can be amortized over a five-year period, with an anticipated annual increase of about $14,000 in county contributions. The legislation takes effect immediately and is specifically tailored to provide a personalized retirement plan option for this individual county employee.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (2)

Last Action

SUBSTITUTED BY A6298 (on 06/11/2025)

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