STATE OF NEW YORK
________________________________________________________________________
2983--B
2017-2018 Regular Sessions
IN ASSEMBLY
January 23, 2017
___________
Introduced by M. of A. ABBATE, BRABENEC, PELLEGRINO -- Multi-Sponsored
by -- M. of A. McDONOUGH, SOLAGES -- 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 committee -- again reported from said committee
with amendments, ordered reprinted as amended and recommitted to said
committee
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
7 system, the New York city police pension fund, or the New York city fire
8 department pension fund and who is entitled to receive a retirement
9 allowance from such retirement system prior to the commencement date of
10 such employment by a community college shall automatically be deemed to
11 have been granted a waiver of retirement earnings limitation and such
12 person may be employed by a community college without loss, suspension
13 or diminution of his or her retirement allowance. Any person employed
14 by a community college as a faculty member under a criminal justice
15 program of the state university of New York or city university of New
16 York who has not retired as a member of the New York state and local
17 police and fire retirement system, the New York city police pension
18 fund, or the New York city fire department pension fund shall not auto-
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD05989-07-8
A. 2983--B 2
1 matically be deemed to have been granted a waiver of retirement earnings
2 limitation.
3 § 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.
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, 2017 actuarial valu-
ation. Distributions and other statistics can be found in the 2017
Report of the Actuary and the 2017 Comprehensive Annual Financial
Report.
The actuarial assumptions and methods used are described in the 2015,
2016, and 2017 Annual Report to the Comptroller on Actuarial Assump-
tions, 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, 2017
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 November 15, 2017, and intended for use only
during the 2018 Legislative Session, is Fiscal Note No. 2018-6, prepared
by the Actuary for the New York State and Local Retirement System.