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S07411 Summary:

BILL NOS07411A
 
SAME ASNo Same As
 
SPONSORO'MARA
 
COSPNSR
 
MLTSPNSR
 
 
Authorizes Lt. Thomas Cleere to change his service credit from the improved career retirement plan to a 20 year retirement plan.
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S07411 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         7411--A
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                     April 15, 2025
                                       ___________
 
        Introduced  by  Sen.  O'MARA -- read twice and ordered printed, and when
          printed to be committed to the Committee on Civil Service and Pensions
          -- recommitted to the Committee  on  Civil  Service  and  Pensions  in
          accordance  with  Senate  Rule 6, sec. 8 -- committee discharged, bill
          amended, ordered reprinted as amended and recommitted to said  commit-
          tee
 
        AN  ACT  in relation to authorizing Lt. Thomas Cleere to receive certain
          service credit under a twenty year retirement plan
 
          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  Lieutenant  Thomas  Cleere,  a  member  of  the New York state and local
     3  police and fire retirement system, who was appointed as a police officer
     4  with the Seneca Falls Police Department, in the town  of  Seneca  Falls,
     5  county  of Seneca, on February 4, 2014, and who, through no fault of his
     6  own, was enrolled to participate in the  retirement  plan  contained  in
     7  section  375-i of the retirement and social security law, shall be given
     8  full credit in the special twenty  year  retirement  plan  contained  in
     9  section 384-d of the retirement and social security law for such service
    10  upon  the  election of the town of Seneca Falls to assume the additional
    11  cost of such service. The town of Seneca Falls may so  elect  by  filing
    12  with the state comptroller within 180 days of the effective date of this
    13  act,  a  resolution of its legislative body, together with certification
    14  that such police officer did not bar himself from participation in  such
    15  retirement  plan  as  a  result of his own negligence.  Thereafter, such
    16  officer may elect to be covered by the provisions of  section  384-d  of
    17  the  retirement  and  social  security law, and shall be entitled to the
    18  full rights and benefits associated with coverage under such section, by
    19  filing a request to such effect with the state  comptroller  within  one
    20  year of the effective date of this act.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04862-03-6

        S. 7411--A                          2
 
     1    §   2.  All  past  service  costs  associated  with  implementing  the
     2  provisions of this act shall be borne by the town of  Seneca  Falls,  in
     3  the county of Seneca, and may be amortized over a ten year period.
     4    § 3. This act shall take effect immediately.
          FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
          This  bill  would  allow  the  town  of  Seneca  Falls  to  reopen the
        provisions of § 384-d of the Retirement and Social Security  Law  (RSSL)
        for police officer Thomas Cleere, who is currently covered under § 375-i
        of the RSSL.
          We  estimate  that the town of Seneca Falls' annual contributions will
        increase $13,000 beginning FYE 2027. Annual costs will vary as the bill-
        ing rates and salary of Thomas Cleere change.
          In addition, there will be an immediate past service cost of  $191,000
        borne  by  the  town  of  Seneca  Falls as a one-time payment. This cost
        assumes that payment will be made on February 1, 2027. If  the  town  of
        Seneca  Falls  elects  to amortize this cost over 10 years, the cost for
        each year will be $24,400.
          Summary of relevant resources:
          Membership data as of March 31, 2025 was used to measure the impact of
        the bill, the same data used in the Actuarial Valuations dated April  1,
        2025. Distributions and other statistics can be found in the 2025 Report
        of  the  Actuary and the 2025 Annual Comprehensive Financial Report. The
        actuarial assumptions and methods used are described in the 2025  Annual
        Report to the Comptroller on Actuarial Assumptions, and the Codes, Rules
        and  Regulations  of  the State of New York: Audit and Control. The fair
        value of assets and GASB disclosures can be found in the 2025  Financial
        Statements and Supplementary Information.
          Assumptions,  demographics,  and  other  considerations  may have been
        modified to better reflect specific provisions of any  proposed  benefit
        change(s).
          This  fiscal note does not constitute a legal opinion on the viability
        of the bill, nor is it intended to serve as a substitute for the profes-
        sional judgment of an attorney.
          This estimate, dated February 23, 2026,  and  intended  for  use  only
        during  the 2026 Legislative Session, is Fiscal Note Number 2026-129. As
        Chief Actuary  of  the  New  York  State  and  Local  Retirement  System
        (NYSLRS),  I,  Aaron  Schottin  Young, hereby certify that this analysis
        complies with applicable Actuarial Standards of Practice as well as  the
        Code  of  Professional Conduct and Qualification Standards for Actuaries
        Issuing Statements of Actuarial Opinion of the American Academy of Actu-
        aries, of which I am a member. I am  a  member  of  NYSLRS  but  do  not
        believe it impairs my objectivity.
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