Authorizes the county of Tompkins to offer an optional twenty year retirement plan to Bryan Jolly, a deputy sheriff employed by such county upon such officer's election to participate in such plan.
Summary
Bill A07910 authorizes Tompkins County to offer an optional twenty-year retirement plan to Bryan Jolly, a deputy sheriff employed by the county. This legislation allows Jolly, who was previously enrolled in a twenty-five year retirement plan, to receive full credit for his service under the twenty-year plan due to a missed application deadline that was not his fault. The county must elect to assume the additional costs associated with this change, which includes a one-time past service cost and potential annual contributions based on Jolly's salary.
Impact
The bill impacts the New York State and Local Employees' Retirement System by allowing a specific deputy sheriff to switch retirement plans, potentially altering the financial obligations of Tompkins County. The county will incur an immediate past service cost of approximately $69,300 and an annual contribution increase of about $8,900 for the fiscal year ending March 31, 2026. This change may set a precedent for similar requests from other county employees in the future.
Sentiment
The sentiment surrounding Bill A07910 appears to be favorable, as evidenced by unanimous support in committee votes, with 34 yeas in the Assembly Ways and Means Committee and 29 yeas in the Assembly Rules Committee. There is no recorded opposition, indicating a consensus on the necessity of the bill for the affected deputy sheriff.
Contention
While there are no significant points of contention noted in the discussions or voting history, the bill's approval hinges on the county's willingness to absorb the associated costs. The potential for future similar requests from other employees may also raise questions about fiscal responsibility and equity in retirement benefits.
Same As
Authorizes the county of Tompkins to offer an optional twenty year retirement plan to Bryan Jolly, a deputy sheriff employed by such county upon such officer's election to participate in such plan.