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--B
                               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  --  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
     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-
    19  matically be deemed to have been granted a waiver of retirement earnings
    20  limitation.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05989-08-8
        S. 2910--B                          2
     1    § 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.