A07009 Summary:

BILL NOA07009A
 
SAME ASSAME AS S05195-A
 
SPONSORAbbate
 
COSPNSRBrabenec
 
MLTSPNSRMcDonough, Ra
 
Amd §211, R & SS L
 
Relates to criminal justice faculty employed by a community college.
Go to top    

A07009 Actions:

BILL NOA07009A
 
04/17/2015referred to governmental employees
01/06/2016referred to governmental employees
03/03/2016amend and recommit to governmental employees
03/03/2016print number 7009a
Go to top

A07009 Committee Votes:

Go to top

A07009 Floor Votes:

There are no votes for this bill in this legislative session.
Go to top

A07009 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         7009--A
 
                               2015-2016 Regular Sessions
 
                   IN ASSEMBLY
 
                                     April 17, 2015
                                       ___________
 
        Introduced by M. of A. ABBATE -- Multi-Sponsored by -- M. of A. GOLDFED-
          ER,  RA  --  read  once  and referred to the Committee on Governmental
          Employees -- recommitted to the Committee on Governmental Employees in
          accordance with Assembly Rule 3, sec. 2 -- committee discharged,  bill
          amended,  ordered reprinted as amended and recommitted to said commit-
          tee
 
        AN ACT to amend the retirement and social security law, in  relation  to
          criminal justice faculty employed by a community college
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Section 211 of the retirement and social  security  law  is
     2  amended by adding a new subdivision 9 to read as follows:
     3    9.  Any  person  employed  by  a community college as a faculty member
     4  under a criminal justice program of the state university of New York  or
     5  city  university  of New York who retired from public employment while a
     6  member of the New York state and local police and fire retirement system
     7  and who is entitled to receive a retirement allowance from such  retire-
     8  ment  system  immediately prior to the commencement date of such employ-
     9  ment by a community college shall automatically be deemed to  have  been
    10  granted  a  waiver of retirement earnings limitation and such person may
    11  be employed by a community college without loss, suspension  or  diminu-
    12  tion of his or her retirement allowance.
    13    § 2. This act shall take effect immediately.
          FISCAL NOTE.--Pursuant to Legislative Law, section 50:
          This  bill will allow certain retirees of the New York State and Local
        Police and Fire Retirement System to work in a community  college  as  a
        faculty  member of a criminal justice program of the state university of
        New York or city university of New  York  without  loss,  suspension  or
        diminution of his or her retirement allowance.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00675-04-6

        A. 7009--A                          2
 
          If  this bill is enacted, insofar as it will affect the New York State
        and Local Police and Fire Retirement System, we expect few  retirees  to
        be affected. There would be negligible additional annual costs.
          Summary of relevant resources:
          The  membership  data  used  in  measuring  the impact of the proposed
        change was the same as that used in the March 31, 2015  actuarial  valu-
        ation.  Distributions  and  other  statistics  can  be found in the 2015
        Report of the  Actuary  and  the  2015  Comprehensive  Annual  Financial
        Report.
          The  actuarial  assumptions and methods used are described in the 2015
        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, 2015
        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 estimate, dated January 14, 2016 and intended for use only during
        the  2016  Legislative  Session, is Fiscal Note No. 2016-33, prepared by
        the Actuary for the New York State and Local Retirement System.
Go to top