Authorizes Kevin Burns to receive certain service credit under a twenty year retirement plan for service with the Binghamton Fire Department.
This bill authorizes Kevin Burns, a firefighter with the Binghamton Fire Department, to receive service credit under a twenty year retirement plan. The city of Binghamton can elect to assume the additional cost of this service within 180 days of the act's effective date. If enacted, the city will face an immediate past service cost of approximately $235,000, payable on February 1, 2026, or it may choose to amortize this cost over a ten-year period, with the first year's cost including interest being $30,000.
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