BILL NUMBER: S9881
SPONSOR: COONEY
 
TITLE OF BILL:
An act to authorize the county of Monroe to offer an optional twenty
year retirement plan to Carl J. Zimmerman, a sergeant 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 Carl J. Zimmerman.
 
SUMMARY OF PROVISIONS:
Section one authorizes Monroe County to make participation in the
optional twenty-year retirement plan as established by section 552 and
553 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:
Sargent Carl J. Zimmerman began when he was hired into the jail on Octo-
ber 29, 1990. On May 25, 1998 he was transferred to the Road Patrol
Division. For reasons not ascribable to his own negligence, he should
have been placed into Article 14B Section 553, but retirement was never
transferred over from the jail retirement. it wasn't until much later
that he understood that he was still in the jail retirement. At that
time, he was told it was not possible to switch over to his correct
retirement system. Sargent Zimmerman was denied credit time for his
service. This bill allows Sargent Zimmerman the option to join this
retirement plan to rectify this error.
 
LEGISLATIVE HISTORY:
None.
 
FISCAL IMPLICATIONS:
If this bill is enacted during the 2024 Legislative Session, we antic-
ipate that there will be an increase of approximately $11,000 in the
annual contributions of the County of Monroe for the fiscal year ending
March 31, 2025. In future years this cost will vary as the billing rates
and salary of Carl J. Zimmerman change. In addition to the annual
contributions discussed above, there will be an immediate past service
cost of approximately $141,000 which will be borne by the County of
Monroe as a one-time payment. This estimate assumes that payment will be
made on February 1, 2025. If the County of Monroe elects to amortize
this cost over a five-year period, the cost for each year incluaing
interest would be $31,500.
 
EFFECTIVE DATE:
This act shall take effect immediately.