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A09875 Summary:

BILL NOA09875A
 
SAME ASSAME AS S08911-A
 
SPONSORAbbate
 
COSPNSRAubry, Colton
 
MLTSPNSR
 
Amd 13.17, Pks & Rec L
 
Relates to increasing the mandatory retirement age of New York state regional park police from 62 to 65 years old.
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A09875 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         9875--A
 
                   IN ASSEMBLY
 
                                     April 19, 2022
                                       ___________
 
        Introduced  by  M.  of A. ABBATE, AUBRY -- read once and referred to the
          Committee on Governmental  Employees  --  committee  discharged,  bill
          amended,  ordered reprinted as amended and recommitted to said commit-
          tee
 
        AN ACT to amend the parks, recreation and historic preservation law,  in
          relation  to increasing the mandatory retirement age of New York state
          regional park police

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section 1. Subdivision 4 of section 13.17 of the parks, recreation and
     2  historic  preservation  law,  as  amended  by chapter 662 of the laws of
     3  1972, is amended to read as follows:
     4    4. Any member appointed on or  after  April  first,  nineteen  hundred
     5  sixty-five  shall  be separated from such service upon attaining [sixty-
     6  two] sixty-five years of age.
     7    § 2. This act shall take effect immediately.
          FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
          This bill would provide that any New York State  Park  Police  Officer
        shall  be  separated  from  such  service upon attaining age sixty-five.
        Currently, State Park Police Officers are separated from service at  age
        sixty-two.
          Insofar  as  this bill affects the New York State and Local Police and
        Fire Retirement System, if this legislation is enacted during  the  2022
        legislative  session,  there  could  be  additional benefits for certain
        State Park Police Officers who  remain  employed  beyond  their  current
        mandatory  retirement age. However, if some members delay retirement due
        to enactment of this bill, we would not anticipate that there  would  be
        an  increase in the annual contribution rates as a percentage of payroll
        for New York State.
          Summary of relevant resources:
          Membership data as of March 31, 2021 was used in measuring the  impact
        of the proposed change, the same data used in the April 1, 2021 actuari-
        al  valuation.  Distributions  and  other statistics can be found in the
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15099-03-2

        A. 9875--A                          2
 
        2021 Report of the Actuary and the 2021 Comprehensive  Annual  Financial
        Report.
          The  actuarial  assumptions and methods used are described in the 2020
        and 2021 Annual Report to the Comptroller on Actuarial Assumptions,  and
        the  Codes,  Rules  and  Regulations of the State of New York: Audit and
        Control.
          The Market Assets and GASB Disclosures are found in the March 31, 2021
        New York State and Local  Retirement  System  Financial  Statements  and
        Supplementary Information.
          I am a member of the American Academy of Actuaries and meet the Quali-
        fication Standards to render the actuarial opinion contained herein.
          This  fiscal note does not constitute a legal opinion on the viability
        of the proposed change nor is it intended to serve as a  substitute  for
        the professional judgment of an attorney.
          This  estimate, dated April 28, 2022, and intended for use only during
        the 2022 Legislative Session, is Fiscal Note No. 2022-129,  prepared  by
        the Actuary for the New York State and Local Retirement System.
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