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S06683 Summary:

S06683 Actions:

S06683 Committee Votes:

S06683 Floor Votes:

S06683 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         6683--A
 
                               2017-2018 Regular Sessions
 
                    IN SENATE
 
                                      June 13, 2017
                                       ___________
 
        Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
          printed to be committed to the Committee on Rules  --  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 committee

        AN  ACT  to amend the retirement and social security law, in relation to
          the certification of a deputy sheriff as a police officer
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1. Paragraph 2 of subdivision a of section 550 of the retire-
     2  ment and social security law, as added by chapter 542  of  the  laws  of
     3  2015, is amended to read as follows:
     4    2.  Notwithstanding  the  provisions of paragraph one of this subdivi-
     5  sion, member shall also include a deputy sheriff who is a police officer
     6  pursuant to subdivision thirty-four of  section  1.20  of  the  criminal
     7  procedure  law as certified by the municipal police council or as certi-
     8  fied by the police department of the city of New York upon  satisfactory
     9  completion  of  the  basic  training program and graduation from the New
    10  York city police academy,  provided  that  the  employer  has  filed  an
    11  election  to  that  effect pursuant to paragraph two of subdivision j of
    12  section five hundred fifty-two of this article.
    13    § 2. Paragraph 2 of subdivision h of section 551 of the retirement and
    14  social security law, as added by chapter 542 of the  laws  of  2015,  is
    15  amended to read as follows:
    16    2.  Notwithstanding  the  provisions of paragraph one of this subdivi-
    17  sion, a participating employer may elect on a form filed with the  comp-
    18  troller  for  that purpose to provide that creditable service shall also
    19  include any and all service performed by  a  deputy  sheriff  who  is  a
    20  police  officer  pursuant  to subdivision thirty-four of section 1.20 of
    21  the criminal procedure law as certified by the municipal police  council
    22  or  as  certified  by the police department of the city of New York upon
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11894-03-7
        S. 6683--A                          2
 
     1  satisfactory completion of the basic  training  program  and  graduation
     2  from the New York city police academy.
     3    § 3. Paragraph 2 of subdivision j of section 552 of the retirement and
     4  social  security  law,  as  added by chapter 542 of the laws of 2015, is
     5  amended to read as follows:
     6    2. Notwithstanding the provisions of paragraph one  of  this  subdivi-
     7  sion,  a participating employer may elect on a form filed with the comp-
     8  troller for that purpose to provide that creditable service  shall  also
     9  include  any  and  all  service  performed  by a deputy sheriff who is a
    10  police officer pursuant to subdivision thirty-four of  section  1.20  of
    11  the  criminal procedure law as certified by the municipal police council
    12  or as certified by the police department of the city of  New  York  upon
    13  satisfactory  completion  of  the  basic training program and graduation
    14  from the New York city police academy.
    15    § 4. This act shall take effect immediately.
          FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
          This bill would allow a County to elect  to  provide  that  creditable
        service  on  the  20 or 25 year retirement plans for sheriffs shall also
        include all service performed by a deputy sheriff who has  been  awarded
        certification  by  the police department of New York City for the satis-
        factory completion of the basic training program and graduation for  the
        New York City police academy.
          If  this  bill is enacted, this bill could provide service credit on a
        20 or 25 year retirement plan, where it otherwise would not be  credita-
        ble.  However,  this  bill  is expected to impact very few members.  The
        cost of this bill would be minimal.
          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. 2018-9, prepared
        by the Actuary for the New York State and Local Retirement System.