BILL NUMBER: S7911
SPONSOR: WEBB
 
TITLE OF BILL:
An act in relation to authorizing Daniel H. Austic to receive certain
service credit under a twenty year retirement plan
 
PURPOSE OR GENERAL IDEA OF BILL:
to restore Daniel H. Austic, an employee of the Village of Trumansburg,
to the appropriate retirement plan
 
SUMMARY OF PROVISIONS:
Sec. 1- allows the Village of Trumansburg to reopen the provisions of
section 384-d of the Retirement and Social Security Law (RSSL) for
police officer Daniel H. Austic, who is currently covered under section
375-i of the RSSL;
Sec. 2 - provides that all costs will be borne by the Village of
Trumansburg;
Sec. 3 - effective date.
 
JUSTIFICATION:
The Village of Trumansburg opted into the NYSLRS 384-d Retirement Plan
in 2019 for officers of the Trumansburg Police Department (TPD). Daniel
Austic, an officer of the TPD, has nevertheless not been included as a
member in 384-d. The Village has been unsuccessful in Its attempts to
seek administrative relief. Legislation is the only remaining means to
move this officer into the correct NYSLRS Retirement Plan.
 
PRIOR LESISLATIVE HISTORY:
new bill
 
FISCAL IMPLICATIONS FOR STATE ANQ LOCAL GOVERNMENTS:
This bill will require an increase of approximately $550 in the annual
contributions of the Village of Trumansburg for the fiscal year ending
March 31, 2026. In future years this cost will vary as the billing rates
and salary of Daniel H. Austic change. In addition, there will be an
immediate past service cost of approximately $3,090 which will be borne
by the Village of Trumansburg as a one-time payment.
 
EFFECTIVE DATE:
immediately