Bill Text: NY A01776 | 2015-2016 | General Assembly | Amended
Bill Title: Relates to a waiver of earnings limitation for certain retirees of the New York state and local police and fire retirement system who are employed by the state university.
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: (Introduced - Dead) 2016-05-24 - print number 1776c [A01776 Detail]
Download: New_York-2015-A01776-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 1776--C 2015-2016 Regular Sessions IN ASSEMBLY January 12, 2015 ___________ Introduced by M. of A. ZEBROWSKI, LUPINACCI, JEAN-PIERRE -- Multi-Spon- sored by -- M. of A. HYNDMAN -- read once and referred to the Commit- tee on Governmental Employees -- recommitted to the Committee on Governmental Employees in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- again reported from said committee with amendments, ordered reprinted as amended and recommitted to said committee -- again reported from said committee with amendments, ordered reprinted as amended and recommitted to said committee AN ACT to amend the retirement and social security law, in relation to a waiver of earnings limitation for certain retirees of the New York state and local police and fire retirement system who are employed by the state university The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subparagraphs 6 and 7 of paragraph (a) of subdivision 2 of 2 section 211 of the retirement and social security law, subparagraph 6 as 3 amended by chapter 753 of the laws of 1976 and subparagraph 7 as amended 4 by chapter 840 of the laws of 1983, are amended and a new subparagraph 8 5 is added to read as follows: 6 (6) the chancellor of state university if such person is to be 7 employed in the unclassified service of the state university of New 8 York, or in the professional service at the state colleges of agricul- 9 ture, home economics, veterinary medicine or industrial and labor 10 relations, the state agricultural experiment station at Geneva or any 11 other institution or agency under the management and control of Cornell 12 university as representative of the board of trustees of the state 13 university of New York, or at the state college of ceramics under the 14 management and control of Alfred university as representative of the 15 board of trustees of the state university of New York or in the unclas- 16 sified service of a community college other than those in the city of EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD00514-07-6A. 1776--C 2 1 New York, or if such person is a retired member of the New York state 2 and local police and fire retirement system and is to be employed as a 3 faculty member, provided, however, that no waiver shall be granted 4 pursuant to this subdivision for any university law enforcement title; 5 or 6 (7) the chief administrator of the courts if such person is to be 7 employed in a judicial or nonjudicial position in the unified court 8 system[.]; or 9 (8) the president of a community college under a program of the state 10 university of New York, if such person is a retired member of the New 11 York state and local police and fire retirement system and is to be 12 employed as a member of the faculty or as director of public safety. 13 § 2. This act shall take effect immediately. FISCAL NOTE.--Pursuant to Legislative Law, Section 50: This bill will allow retired police officers and retired firefighters of the New York State and Local Police and Fire Retirement System to work as an employee of the state university as a faculty member or to work as an employee of a community college as a faculty member or direc- tor of public safety and continue to receive their retirement benefits, without suspension or diminution of such benefits, provided they have been granted a waiver of retirement earnings limitations by the chancel- lor of the state university of New York or the president of a community college under a program of the state university. If this bill is enacted, we expect few retirees of the New York State and Local Police and Fire Retirement System 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, 2015 actuarial valu- ation. Distributions and other statistics can be found in the 2015 Report of the Actuary and the 2015 Comprehensive Annual Financial Report. The actuarial assumptions and methods used are described in the 2015 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, 2015 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 May 11, 2016 and intended for use only during the 2016 Legislative Session, is Fiscal Note No. 2016-97, prepared by the Actuary for the New York State and Local Retirement System.
