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A07468 Summary:

BILL NOA07468A
 
SAME ASNo Same As
 
SPONSORJones
 
COSPNSR
 
MLTSPNSR
 
Amd §381-b, R & SS L
 
Grants certain members or officers of the state police credit for service as a deputy sheriff, county corrections officer, or state corrections officer; two years credit; provides cost shall be borne by member.
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A07468 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         7468--A
 
                               2023-2024 Regular Sessions
 
                   IN ASSEMBLY
 
                                      May 24, 2023
                                       ___________
 
        Introduced  by M. of A. JONES -- read once and referred to the Committee
          on Governmental Employees -- recommitted to the Committee  on  Govern-
          mental Employees in accordance with Assembly Rule 3, sec. 2 -- commit-
          tee  discharged, bill amended, ordered reprinted as amended and recom-
          mitted to said committee

        AN ACT to amend the retirement and social security law, in  relation  to
          granting members or officers of the state police credit for service as
          a  deputy  sheriff,  county  corrections officer, or state corrections
          officer
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section 1. Subdivision c of section 381-b of the retirement and social
     2  security law is amended by adding a new paragraph 3 to read as follows:
     3    (3)  (i)  Deputy  sheriff,  county  corrections,  or state corrections
     4  service. Upon completion of more than seventeen years of  service,  each
     5  such  member  who was previously credited with service credit in the New
     6  York state and local employees' retirement system as a  deputy  sheriff,
     7  county  corrections  officer,  or  member  in the uniformed personnel in
     8  institutions under the jurisdiction of the department of corrections and
     9  community supervision as defined in subdivision i of section eighty-nine
    10  of this chapter and who was engaged directly in law  enforcement  activ-
    11  ities  while  performing  such  services  shall  receive three months of
    12  service credit for each such five months of previous service,  up  to  a
    13  total of no greater than two years of previous service credit.
    14    (ii) To obtain such credit, a member shall pay such retirement system,
    15  for deposit in the fund used to accumulate employer contributions, a sum
    16  equal  to  the  product  of  the number of years of police service being
    17  claimed and three percent of such member's  compensation  earned  during
    18  the  twelve  months  of  credited service immediately preceding the date
    19  that the member made application for credit pursuant to this section. If
    20  permitted by rule or regulation of the retirement system, the member may
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04956-07-4

        A. 7468--A                          2
 
     1  pay such member costs by payroll deduction for a period which shall  not
     2  exceed the time period of police service to be credited pursuant to this
     3  section.  In  the  event the member leaves the employer payroll prior to
     4  completion  of payment, such member shall forward all remaining required
     5  payments to the appropriate retirement system  prior  to  the  effective
     6  date  of retirement. If the full amount of such member costs is not paid
     7  to the appropriate retirement system prior to the  member's  retirement,
     8  the amount of service credited shall be proportional to the total amount
     9  of the payments made prior to retirement.
    10    (iii)  To  be eligible to receive credit for police service under this
    11  paragraph, a member must make application for  such  credit  before  the
    12  effective date of retirement.
    13    (iv) No member shall be eligible to receive credit for police services
    14  under  this  paragraph who received credit under section one thousand of
    15  this chapter.
    16    (v) Notwithstanding any other provision of law, in the event of  death
    17  prior  to  retirement,  amounts  paid  by the member for the purchase of
    18  police service credit pursuant to this paragraph shall be refunded, with
    19  interest, to the extent the police service purchased with  such  amounts
    20  does  not  produce  a greater death benefit than would have been payable
    21  had the member not purchased such credit.
    22    (vi) Notwithstanding any other provision  of  law,  in  the  event  of
    23  retirement,  amounts  paid  by  the  member  for  the purchase of police
    24  service credit pursuant to this section shall be refunded,  with  inter-
    25  est,  to  the extent the police service purchased with such amounts does
    26  not produce a greater retirement allowance than would have been  payable
    27  had the member not purchased such credit.
    28    (vii)  In  the event the service credit granted pursuant to this para-
    29  graph, when added to a member's current  service  credit,  renders  such
    30  member  eligible  for  service  retirement,  such member shall be deemed
    31  eligible for such service retirement and may elect to retire  under  the
    32  rules set forth by the retirement system.
    33    §  2. All costs for service credited to a member pursuant to paragraph
    34  3 of subdivision c of section 381-b of the retirement and social securi-
    35  ty law, as added by section one of this act, other than the member costs
    36  set forth in subparagraph (ii) of such paragraph, shall be paid  by  the
    37  state of New York.
    38    § 3. This act shall take effect immediately.
          FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
          This  bill  would  allow  New  York State Police covered under Section
        381-b of the Retirement  and  Social  Security  Law  (RSSL)  to  receive
        service credit for time rendered as a deputy sheriff, county corrections
        officer,  or member in the uniformed personnel in institutions under the
        jurisdiction of the Department of Corrections and Community  Supervision
        and  who were engaged directly in law enforcement activities. Currently,
        such service is not creditable in any service-based retirement  plan  in
        the New York State and Local Police and Fire Retirement System. A member
        may  obtain  three months of §381-b service credit for every five months
        such NYSLERS service credit, not  to  exceed  two  years  of  additional
        service  credit.  Members must have at least seventeen years of credited
        service under §381-b (not including the NYSLERS service)  and  would  be
        required to make a payment of three percent of their most recent compen-
        sation per year of additional service credit granted by this bill.
          If  this  bill  is  enacted during the 2024 Legislative Session, it is
        estimated that the past service cost will average approximately  27%  of
        an affected member's most recent 12 months of compensation for each year

        A. 7468--A                          3
 
        of  additional  service  that  is  credited, which will be billed to the
        State  of  New  York  annually  based  on  those  benefiting  from  this
        provision.
          Further,  we  anticipate  additional administrative costs to implement
        the provisions of this legislation.
          The exact number of current members as  well  as  future  members  who
        could be affected by this legislation cannot be readily determined.
          Summary of relevant resources:
          Membership  data as of March 31, 2023 was used in measuring the impact
        of the proposed change, the same data used in the April 1, 2023 actuari-
        al valuation. Distributions and other statistics can  be  found  in  the
        2023  Report  of the Actuary and the 2023 Annual Comprehensive Financial
        Report.
          The actuarial assumptions and methods used are described in  the  2023
        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, 2023
        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 May 24, 2024, and intended for  use  only  during
        the  2024  Legislative Session, is Fiscal Note No. 2024-181, prepared by
        the Actuary for the New York State and Local Retirement System.
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