New York S 5564: Authorizes the village of Port Chester to offer an optional twenty-year retirement plan to a certain police officer employed by such village

Bill Text

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S05564 Summary:

BILL NOS05564 

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SAME ASSAME AS A07007

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SPONSORMAYER

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COSPNSR

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MLTSPNSR

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Authorizes the village of Port Chester to offer an optional twenty-year retirement plan to Michael Sprague, a police officer employed by such village since January 7, 2013.

Go to top S05564 Actions:

BILL NOS05564 

&nbsp

02/25/2025REFERRED TO CIVIL SERVICE AND PENSIONS

05/27/2025REPORTED AND COMMITTED TO FINANCE

06/04/2025COMMITTEE DISCHARGED AND COMMITTED TO RULES

06/04/2025ORDERED TO THIRD READING CAL.1536

06/10/2025SUBSTITUTED BY A7007

&nbspA07007 AMEND= Otis

&nbsp03/18/2025referred to governmental employees

&nbsp05/19/2025reported referred to ways and means

&nbsp05/29/2025reported referred to rules

&nbsp06/04/2025reported 

&nbsp06/04/2025rules report cal.397

&nbsp06/04/2025ordered to third reading rules cal.397

&nbsp06/04/2025home rule request

&nbsp06/04/2025passed assembly

&nbsp06/04/2025delivered to senate

&nbsp06/04/2025REFERRED TO RULES

&nbsp06/10/2025SUBSTITUTED FOR S5564

&nbsp06/10/20253RD READING CAL.1536

&nbsp06/10/2025PASSED SENATE

&nbsp06/10/2025RETURNED TO ASSEMBLY

&nbsp11/17/2025delivered to governor

&nbsp11/21/2025signed chap.525

Go to topS05564 Committee&nbspVotes:

Go to topS05564 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS05564 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5564

 2025-2026 Regular Sessions

 IN SENATE

 February 25, 2025
 ___________

 Introduced by Sen. MAYER -- read twice and ordered printed, and when
 printed to be committed to the Committee on Civil Service and Pensions

 AN ACT authorizing the village of Port Chester to offer an optional
 twenty-year retirement plan to a certain police officer employed by
 such village

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Notwithstanding any other provision of law to the contrary,
 2 Michael Sprague, a member of the New York state and local police and
 3 fire retirement system, who was appointed as a police officer with the
 4 village of Port Chester on January 7, 2013, and who, through no fault of
 5 his own, failed to file a timely application to participate in the
 6 special twenty-year retirement plan contained in section 384-d of the
 7 retirement and social security law resulting in the crediting of his
 8 service with the village of Port Chester in the general retirement plan
 9 contained in section 375-i of such law, shall be given full credit in
 10 the special twenty-year retirement plan for such service upon the
 11 election of the village of Port Chester to assume the additional cost of
 12 such service. Thereafter, Michael Sprague may elect to be covered by
 13 the provisions of section 384-d of the retirement and social security
 14 law and shall be entitled to the full rights and benefits associated
 15 with coverage under such section, by filing a request to the effect with
 16 the state comptroller within one year of the effective date of this act.
 17 § 2. All employer past service costs associated with implementing the
 18 provisions of this act shall be borne by the village of Port Chester and
 19 may be amortized over a ten-year period.
 20 § 3. This act shall take effect immediately.
 FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
 This bill would allow the Village of Port Chester to reopen the
 provisions of section 384-d of the Retirement and Social Security Law
 for police officer Michael Sprague.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD06920-02-5

 S. 5564 2

 If this bill is enacted during the 2025 Legislative Session, we antic-
 ipate that there will be an increase of approximately $21,000 in the
 annual contributions of the Village of Port Chester for the fiscal year
 ending March 31, 2026. In future years this cost will vary as the bill-
 ing rates and salary of Michael Sprague change.
 In addition to the annual contributions discussed above, there will be
 an immediate past service cost of approximately $345,000 which will be
 borne by the Village of Port Chester as a one-time payment. This esti-
 mate ass