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

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-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         2910--A
                               2017-2018 Regular Sessions
                    IN SENATE
                                    January 18, 2017
                                       ___________
        Introduced by Sens. GOLDEN, FUNKE, ORTT -- read twice and ordered print-
          ed, and when printed to be committed to the Committee on Civil Service
          and  Pensions  --  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
          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.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05989-03-7
        S. 2910--A                          2
          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 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, 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.