Authorizes the county of Monroe to offer an optional twenty year retirement plan to Gregory M. Prokop, a deputy sheriff/investigator employed by the county of Monroe.
Summary
Bill S06691 authorizes the county of Monroe to offer an optional twenty-year retirement plan to Gregory M. Prokop, a deputy sheriff who was employed by the county since October 8, 1991. The bill allows Prokop to participate in this retirement plan despite having missed the initial application deadline due to circumstances beyond his control. The county must file a resolution with the state comptroller to enable Prokop's participation, and he must elect to join the plan within one year of the bill's enactment.
Impact
If enacted, the bill will enable Gregory M. Prokop to receive retirement benefits under the twenty-year plan, which is more favorable than his current coverage under the twenty-five-year plan. The county of Monroe will incur additional costs associated with this change, including an immediate past service cost of approximately $141,000 and an annual increase of about $13,000 in contributions for the fiscal year ending March 31, 2026. These costs may vary in future years based on salary changes.
Sentiment
The sentiment around Bill S06691 appears to be positive, as evidenced by unanimous support in committee and on the Senate floor, with votes of 6-0 in committee and 59-0 for final passage. This suggests a strong consensus among legislators regarding the bill's intent to support a deputy sheriff's retirement options.
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 committee members or the broader Senate regarding the provisions of the bill.
Same As
Authorizes the county of Monroe to offer an optional twenty year retirement plan to Gregory M. Prokop, a deputy sheriff/investigator employed by the county of Monroe.