STATE OF NEW YORK
________________________________________________________________________
5195--A
2015-2016 Regular Sessions
IN SENATE
May 6, 2015
___________
Introduced by Sen. GOLDEN -- read twice and ordered printed, and when
printed to be committed to the Committee on Civil Service and Pensions
-- recommitted to the Committee on Civil Service and Pensions in
accordance with Senate Rule 6, sec. 8 -- 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.
LBD00675-03-6
S. 5195--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.
