Authorizes retired firefighters to be employed as fire science instructors by career and technical education centers without reduction of their retirement benefits.
STATE OF NEW YORK
________________________________________________________________________
4479
2017-2018 Regular Sessions
IN SENATE
February 15, 2017
___________
Introduced by Sens. LARKIN, AKSHAR, BONACIC, DeFRANCISCO, ROBACH -- read
twice and ordered printed, and when printed to be committed to the
Committee on Civil Service and Pensions
AN ACT to amend the retirement and social security law, in relation to
authorizing retired firefighters to be employed as instructor of fire
sciences by a career and technical education center without diminution
of his or her retirement benefits
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The retirement and social security law is amended by adding
2 a new section 214-c to read as follows:
3 § 214-c. Employment of certain retired persons who retired from fire
4 service. Notwithstanding the provisions of this chapter or the
5 provisions of any state or local law or charter to the contrary, no
6 retired person who retired from fire service as a member of the New York
7 state and local police and fire retirement system or the New York fire
8 department pension fund, and who is employed by a career and technical
9 education center as an instructor in a fire science program approved by
10 the education department, shall have his or her retirement allowance or
11 benefits suspended or reduced because of compensation earned by such
12 retired person from service as a fire science instructor.
13 § 2. This act shall take effect immediately.
FISCAL NOTE.--This bill will allow firefighters of the New York State
and Local Police and Fire Retirement System or the New York City Fire
Department Pension Fund to work as a fire science instructor in a
program approved by the New York State Department of Education and to
continue to receive their retirement benefit.
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:
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD03657-02-7
S. 4479 2
The membership data used in measuring the impact of the proposed
change was the same as that used in the March 31, 2016 actuarial valu-
ation. Distributions and other statistics can be found in the 2016
Report of the Actuary and the 2016 Comprehensive Annual Financial
Report.
The actuarial assumptions and methods used are described in the 2015
and 2016 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, 2016
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 19, 2017, and intended for use only
during the 2017 Legislative Session, is Fiscal Note No. 2017-36,
prepared by the Actuary for the New York State and Local Retirement
System.
