Bill > S07911

This bill authorizes the village of Trumansburg to offer an optional twenty-year retirement plan to Daniel H. Austic, a police officer who was originally enrolled in a different retirement plan (section 375-i) when he was appointed on December 16, 2010. The bill allows the village to elect to transfer Austic to the special twenty-year retirement plan (section 384-d) of the New York state and local police and fire retirement system, provided that Austic did not prevent himself from participating in this plan through his own negligence. The village can make this election by filing a resolution with the state comptroller within one year of the act's effective date, and Austic can then choose to be covered under the new plan by filing a request with the comptroller within the same timeframe. All past service costs associated with implementing this change, estimated at approximately $3,090 as a one-time payment and an additional $550 in annual contributions, will be borne by the village of Trumansburg. The bill takes effect immediately and is specifically tailored to provide Austic with an alternative retirement plan option.

Budget and Finance, Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/S7911