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A06274 Summary:

BILL NOA06274
 
SAME ASSAME AS S06691
 
SPONSORBronson
 
COSPNSR
 
MLTSPNSR
 
 
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.
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A06274 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A6274
 
SPONSOR: Bronson
  TITLE OF BILL: An act to authorize the county of Monroe to offer an optional twenty year retirement plan to Gregory M. Prokop, a deputy sheriff employed by such county   PURPOSE: The purpose of this bill is to allow the county of Monroe to offer an optional twenty-year retirement plan to Gregory M. Prokop,   SUMMARY OF PROVISIONS: Section one authorizes Monroe Conty to make participation in the optional twenty-year retirement plan as established in article 14-B of the retirement and social security law. Section two specifies that all costs associated with this act shall be borne by Monroe County. Section three sets the effective date.   JUSTIFICATION: Deputy Sheriff Gregory M. Prokop began his career on October 7th, 1991, as a part-time - Road Patrol Deputy for the Monroe County Sheriff's Office. In April 1996, Monroe County adopted the 20-year retirement for the Road Patrol. At the time, Deputy Prokop was a part-time - Road Patrol Deputy working in the Parks, and Marine Unit and was not notified by Monroe County that he was eligible for this retirement plan. For reasons not ascribable to his own negligence, Mr. Prokop was hired full- time to the Road Patrol in February 2000 at which time he signed up for the 20 years w/ 1/60th retirement. Shortly after doing so, he received a letter from the NYS Retirement System that he had one year from when the County adopted the retirement to sign up for it (April 1st, 1996). This bill allows Deputy Prokop the option to join this retirement plan to rectify this error.   LEGISLATIVE HISTORY: 2024: A10578 - Referred to Governmental Employees   FISCAL IMPLICATIONS: If this bill is enacted during the 2025 Legislative Session, we antic- ipate that there will be an increase of approximately $13,000 in the annual contributions of Monroe County for the fiscal year ending March 31, 2026. In future years this cost will vary as the billing rates and salary of Gregory M. Prokop change. In addition to the annual contrib- utions discussed above, there will be an immediate past service cost of approximately $141,000 which will be borne by Monroe County as a one- time payment. This estimate assumes that payment will be made on Febru- ary 1, 2026. If Monroe County elects to amortize this cost over a five- year period, the cost for each year including interest would be $31,600.   EFFECTIVE DATE: This act shall take effect immediately.
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