Bill Text: NY S05195 | 2015-2016 | 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: Bipartisan Bill

Status: (Introduced - Dead) 2016-06-17 - COMMITTED TO RULES [S05195 Detail]

Download: New_York-2015-S05195-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5195
                              2015-2016 Regular Sessions
                                   I N  S E N A T E
                                      May 6, 2015
                                      ___________
       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    S 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, 2014  actuarial  valu-
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD00675-02-5
       S. 5195                             2
       ation.    Distributions  and  other  statistics can be found in the 2014
       Report of the  Actuary  and  the  2014  Comprehensive  Annual  Financial
       Report.
         The  actuarial assumptions and methods used are described in the 2010,
       2011, 2012, 2013 and 2014 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, 2014
       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 5, 2015 and intended for use only during
       the 2015 Legislative Session, is Fiscal Note No.  2015-18,  prepared  by
       the  Actuary for the New York State and Local Police and Fire Retirement
       System.