Bill > A08489

This bill provides a special provision for Scott Hoag, a police officer in the city of Rome, to receive service credit under a specific retirement plan (section 384-d of the retirement and social security law) that he previously missed filing for through no fault of his own. The bill allows the city of Rome to elect to assume the additional cost of providing Hoag with full credit in the special twenty-year retirement plan by filing a resolution with the state comptroller within six months of the act's effective date. Hoag will then have six months from the resolution's filing to request coverage under this retirement plan. All past service costs associated with implementing this provision will be borne by the city of Rome and can be amortized over a ten-year period. The fiscal note indicates that this will result in an immediate past service cost of approximately $329,000 for the city, with potential annual increases of around $13,000 in contributions. The bill is specifically tailored to address Hoag's unique situation and provides a mechanism for him to retroactively participate in a more favorable retirement plan.

Budget and Finance, Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A8489