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NY S06690
NY S06690Authorizes 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
03/19/2025
In Committee
05/27/2025
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.nysenate.gov/legislation/bills/2025/S6690 |
BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S06690&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S06690 |
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