STATE OF NEW YORK
________________________________________________________________________
2220
2019-2020 Regular Sessions
IN ASSEMBLY
January 22, 2019
___________
Introduced by M. of A. PAULIN -- read once and referred to the Committee
on Governmental Employees
AN ACT to amend the retirement and social security law, in relation to
annual earnings limitations for retired police officers
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 212 of the retirement and social security law is
2 amended by adding a new subdivision 4 to read as follows:
3 4. Notwithstanding the provisions of subdivisions one and two of this
4 section, such annual earnings limitations for a retired police officer
5 employed by a school district or a board of cooperative educational
6 services, in either the classified or unclassified service as a school
7 resource officer, school safety officer, school security officer or any
8 other substantially similar position or office that is designed to
9 provide safety and/or security on school grounds, provided that such
10 retired police officer is duly qualified, competent and physically fit
11 for performance of the duties of the position in which he or she is to
12 be employed as determined by the school district or board of cooperative
13 educational services and is properly certified where such certification
14 is required, shall be fifty thousand dollars for the year two thousand
15 nineteen and thereafter.
16 § 2. This act shall take effect immediately.
FISCAL NOTE:
Insofar as this bill will affect the New York State and Local Police
and Fire Retirement System (PFRS), this bill will allow retires police
officers who are employes by a school district as a school resource
officer, school safety officer, school security officer or any other
substantially similar position with an annual salary of $50,000 or less
and continue to receive their full retirement benefit. Currently, the
salary limit is $30,000.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD01127-03-9
A. 2220 2
If this bill is enacted, we expect few retirees to be affected. there
would be negotiable additional annual costs. However, if large numbers
of retirees are hired into such positions, there would be additional
annual costs which would be shared by the state of New York and all of
the participating employers in the PFRS.
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, 2018 actuarial valu-
ation. Distributions and other statistics can be found in the 2018
Report of the Actuary and the 2018 Comprehensive annual Financial
Report.
The actuarial assumptions and methods used are described in the 2015,
2016, 2017 and 2018 Annual Report to the Comptroller on Actuarial
Assumptions, and the Code Rules and Regulations of the State of New
York: Audit and Control.
The Market Assets and GASB Disclosures are found in the March 31, 2018
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 the legal opinion on the viabil-
ity of the proposed change nor is it intended to serve as a substitute
for the professional judgement of an attorney.
$This estimate, date January 9, 2019, and intended for use only during
the 2019 legislative Session, is Fiscal Note No. 2019-18, prepared by
the Actuary for the New York State and Local Retirement System.
