Authorizes 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
Bill S06690 authorizes the county of Monroe to offer an optional twenty-year retirement plan to Christopher R. Fay, a captain employed by the county. This legislation allows Fay, who began his employment on August 26, 1991, to participate in the twenty-year retirement plan despite missing the timely application window due to circumstances beyond his control. The county must file a resolution with the state comptroller within 180 days of the bill's enactment to make this option available to Fay, who can then elect to be covered under the relevant sections of the retirement and social security law.
Impact
The enactment of this bill will modify the retirement options available to certain employees of Monroe County, specifically allowing Christopher R. Fay to opt into a retirement plan that he previously could not access. This change will result in increased annual contributions from Monroe County, estimated at approximately $14,000 for the fiscal year ending March 31, 2026, along with a one-time past service cost of about $153,000, which the county may amortize over five years.
Sentiment
The sentiment around Bill S06690 appears to be overwhelmingly positive, as indicated by the unanimous votes in both the Senate Civil Service and Pensions Committee and the Senate Floor Vote. The lack of opposition suggests that the bill is viewed favorably by legislators, likely due to its specific focus on an individual case rather than broader policy implications.
Contention
There are no significant points of contention noted in the discussions or voting history surrounding this bill. The unanimous support indicates that there are no opposing views among the legislators regarding the bill's provisions or its impact on the county's retirement system.
Same As
Authorizes 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.