Bill > A07978

This bill provides a special retirement plan provision specifically for Kevin Burns, a firefighter with the Binghamton Fire Department who was appointed on August 1, 2005. Currently enrolled in a twenty-five year retirement plan, the bill allows Burns to transfer to a twenty-year retirement plan through a specific process. The City of Binghamton must elect to assume the additional cost by filing a resolution with the state comptroller within 180 days of the act's effective date, certifying that Burns did not disqualify himself from the plan through his own negligence. Burns can then file a request with the state comptroller within one year to be covered under the new retirement plan section. The city will bear all past service costs, which are estimated at approximately $235,000, and can choose to amortize these costs over a ten-year period. The fiscal note indicates that this will result in an estimated annual increase of $5,400 in the city's contributions and a potential first-year amortization cost of $30,000. The bill is intended to provide Burns with full rights and benefits associated with the twenty-year retirement plan, despite his initial enrollment in a different plan.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A7978