New York Senate Bill S08088

New York 2025-2026 Regular Session

• Introduced: 5/15/25
• Refer: 5/15/25

Caption

Authorizes Scott Hoag, a city of Rome police officer, to receive certain credit under section 384-d of the retirement and social security law.

Impact

The enactment of this bill will have financial implications for the city of Rome. It is projected that the city will incur an additional $13,000 in annual contributions related to Hoag's retirement benefits for the fiscal year ending March 31, 2026. Furthermore, there will be an immediate past service cost estimated at approximately $329,000, required as a one-time payment. This cost can be amortized, with the initial year's burden set to be around $42,000 including interest if elected.

Summary

Bill S08088 aims to address the retirement benefits of Scott Hoag, a police officer employed by the city of Rome. Specifically, it authorizes Hoag to receive certain service credits under section 384-d of the retirement and social security law. The bill provides a pathway for Hoag to participate in a special twenty-year retirement plan despite a missed filing deadline. The city of Rome is responsible for covering the associated costs, allowing for the amortization of expenses over a ten-year period.

Contention

Potential points of contention arise concerning the fiscal responsibilities placed on local governments, as bills like S08088 can prompt discussions about the allocation of limited city resources. Local officials may express concern regarding the financial impact on the city's budget, invoking debates on fairness and equity in funding retirement benefits not just for police officers but across various public service sectors. Additionally, there may be discussions about whether such provisions should extend to other employees in similar situations, potentially leading to broader legislative implications.