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S 7411

Authorizes Lt. Thomas Cleere to receive certain service credit under a twenty year retirement plan

2025 Regular Session Introduced by Tom O'Mara

Authorizes Lt. Thomas Cleere to receive targeted service credit under a 20-year retirement plan, boosting his pension and potentially impacting funding and actuarial estimates.

RETURNED TO SENATE
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Bill Summary · S 7411

Summary of Senate Bill S 7411

Overview

  • Bill Number: S 7411
  • Title: Authorizes Lt. Thomas Cleere to receive certain service credit under a twenty year retirement plan
  • Status: Referred to Civil Service and Pensions
  • Introduced: April 15, 2025
  • Sponsor: Sen. Thomas F. O'Mara (primary)
  • Related Bills: S 8126 (prior-session); A 7893 (companion)

Purpose and Intent

S 7411 would authorize Lt. Thomas Cleere to receive certain service credit under a twenty-year retirement plan. The bill is framed as a targeted authorization to count additional service toward retirement benefits for a specific individual. The accompanying legislative text (not provided here) would specify the exact nature of the service credit being granted, including eligibility criteria, the amount or duration of credit, and any conditions or limitations.

Key Provisions (as indicated by title and summary)

  • Authorization for a specific individual (Lt. Thomas Cleere) to receive service credit under a twenty-year retirement plan.
  • The bill would define the scope of the service credit (e.g., type of service, periods covered) and how it affects retirement benefit calculations.
  • Details such as eligibility conditions, effective date, and administrative procedures would be contained in the bill’s text (not included in the summary provided).

Affected Parties and Potential Impact

  • Primary affected individual: Lt. Thomas Cleere, whose retirement benefits would be adjusted to reflect the authorized service credit.
  • Employer/Retirement System: The agency or retirement plan administering the twenty-year retirement arrangement would implement the credit, calculate benefits, and adjust any related actuarial liabilities accordingly.
  • Broader implications: Grants of individual service credits can affect pension calculations, retirement eligibility timelines, and funding considerations. Depending on the plan’s design and funding status, the bill could have cost implications or set a precedent for similar individual credits (hence the related bills and companion measures).

Procedural and Timeline Considerations

  • Current stage: Referred to the Senate Committee on Civil Service and Pensions (April 15, 2025). No further actions are listed in the provided actions.
  • If advanced, typical next steps would include committee hearings, potential amendments, floor debate, and votes in the Senate, followed by consideration by the Assembly or related bodies, depending on the legislative process for the jurisdiction.

Related Legislation and Context

  • S 8126: Identified as a prior-session related bill, suggesting a similar или related policy objective.
  • A 7893 (companion): Assembly counterpart(s) to S 7411, indicating parallel proposals in another chamber.

Notes for Readers

  • The summary reflects the information available in the bill record. Specifics such as the exact amount of service credit, eligibility criteria, and financial/actuarial implications would be defined in the full bill text and any fiscal notes.

Compiled from official sources — confirm details with the bill’s official record.

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