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Bill

A 8387

Authorizes the village of Trumansburg to offer an optional twenty-year retirement plan to a certain police officer

2025 Regular Session Introduced by Anna Kelles

Authorizes Trumansburg to offer an optional 20-year retirement plan for a designated police officer, within state pension rules and local funding parameters.

SUBSTITUTED BY S7847
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Bill Summary · A 8387

Summary of Bill A 8387 (Substituted by S7847)

What the bill would do

  • Authorizes the village of Trumansburg to offer an optional twenty-year retirement plan to a designated police officer. The measure establishes the village’s authority to implement this specific retirement option for the named officer, subject to applicable state laws and regulations governing retirement benefits.

Purpose and intent

  • Provide a targeted retirement option that could enhance benefits for a particular police officer serving in Trumansburg. The goal is to grant an additional or alternative retirement pathway beyond standard local or state retirement provisions, contingent on the bill’s approval and any accompanying fiscal or regulatory requirements.

Key provisions (as described by the bill’s title and status)

  • Local authorization: Enables the village to offer an optional retirement plan lasting twenty years.
  • Targeted scope: Applies to a specific police officer (i.e., a designated individual) rather than a broad, universal offer to all village employees.
  • Compatibility: The plan would operate within the framework of existing retirement law and village governance Rules, subject to audit and funding parameters applicable to local pension or retirement arrangements.

Note: The exact mechanics (eligibility criteria, funding source, vesting, cost-sharing, actuarial assumptions, effect on pension credit, and administration) are not detailed in the information provided. The companion Senate bill S7847 is the substituted version containing the parallel or full text.

Affected parties and entities

  • Primary: The village of Trumansburg and the specific police officer named in the measure.
  • Potentially affected parties: Village taxpayers and municipal budget, if the plan has any incremental funding requirements; the broader local retirement framework may influence interpretations of similar options in other municipalities, though this bill targets a single officer.

Procedural history and timeline

  • Introduced: May 13, 2025.
  • May 13, 2025: Referred to Governmental Employees.
  • June 9, 2025: Reference changed to Ways and Means (fiscal implications to be reviewed).
  • June 12, 2025: Reported to Rules.
  • June 13, 2025: Reported; Rules CAL.753; Ordered to Third Reading (Rules CAL.753).
  • June 13, 2025: A 8387 was substituted by S7847 (the companion Senate measure), indicating the Senate version has superseded the Assembly text for further consideration.
  • Related: S 7847 (companion), which likely contains the substantive text and is the active measure moving forward.

Related bills

  • S 7847 — Companion bill in the Senate (listed as substitute/companion to A 8387).
  • Multiple references indicate S7847 is the primary version now handling the policy.

Potential impact and considerations

  • Fiscal: With a Ways and Means referral, there will be scrutiny of any cost to the village and the state retirement framework, including funding mechanics and actuarial impact.
  • Precedent and equity: Creating a targeted 20-year retirement option for one officer could raise questions about consistency and future requests for similar arrangements.
  • Regulatory compliance: The plan would need to align with state pension and retirement laws, local charter provisions, and any applicable collective bargaining or personnel rules.

Next steps for readers

  • Review S7847 for the full, enacted text and detailed provisions (eligibility, funding, administration, and impact).
  • Monitor committee actions and fiscal notes from Ways and Means to understand budgetary effects.
  • Consider local governance implications and any potential need for village board approval or public hearings.

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

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