Authorizes Lt. Thomas Cleere to change his service credit from the improved career retirement plan to a 20 year retirement plan.

New York A07893 authorizes Lt. Thomas Cleere to change his service credit from the improved career retirement plan to a 20 year retirement plan. The town of Seneca Falls will bear all past service costs associated with this change, which will be amortized over a ten-year period. The act will take effect immediately, with an estimated annual increase of $13,000 in the town's contributions starting from fiscal year 2027. There will also be an immediate past service cost of $191,000, which can be amortized over ten years, resulting in an annual cost of $24,400 per year.

Authorizes Lt. Thomas Cleere to change his service credit from the improved career retirement plan to a 20 year retirement plan.

New York A07893 authorizes Lt. Thomas Cleere to change his service credit from the improved career retirement plan to a 20 year retirement plan. The town of Seneca Falls will bear all past service costs associated with this change, which will be amortized over a ten-year period. The act will take effect immediately, with an estimated annual increase of $13,000 in the town's contributions starting from fiscal year 2027. There will also be an immediate past service cost of $191,000, which can be amortized over ten years, resulting in an annual cost of $24,400 per year.