Bill Text: NY S02910 | 2017-2018 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relates to criminal justice faculty employed by a community college.

Spectrum: Partisan Bill (Republican 3-0)

Status: (Introduced - Dead) 2018-08-17 - PRINT NUMBER 2910C [S02910 Detail]

Download: New_York-2017-S02910-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          2910
                               2017-2018 Regular Sessions
                    IN SENATE
                                    January 18, 2017
                                       ___________
        Introduced  by  Sen.  GOLDEN -- 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
          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 system
     7  and who is entitled to receive a retirement allowance from such  retire-
     8  ment  system  immediately prior to the commencement date of such employ-
     9  ment by a community college shall automatically be deemed to  have  been
    10  granted  a  waiver of retirement earnings limitation and such person may
    11  be employed by a community college without loss, suspension  or  diminu-
    12  tion of his or her retirement allowance.
    13    § 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, 2016  actuarial  valu-
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05989-02-7
        S. 2910                             2
        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  13,  2017,  and intended for use only
        during the  2017  Legislative  Session,  is  Fiscal  Note  No.  2017-29,
        prepared  by  the  Actuary  for  the New York State and Local Retirement
        System.