Bill Text: NY A04197 | 2011-2012 | General Assembly | Introduced
Bill Title: Allows state university police officers to transfer to the NYSLPFRS and to be covered by the provisions of a new 25 year half pay retirement plan, with additional one-sixtieths of final average salary for each year of service in excess of twenty-five years, but not exceeding fifteen such years; provides that for tier 2 & 5 members, the additional one-sixtieths can not exceed seven such years.
Spectrum: Partisan Bill (Democrat 11-0)
Status: (Introduced - Dead) 2012-02-15 - print number 4197a [A04197 Detail]
Download: New_York-2011-A04197-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
4197
2011-2012 Regular Sessions
I N A S S E M B L Y
February 2, 2011
___________
Introduced by M. of A. McENENY, CANESTRARI, DESTITO, ENGLEBRIGHT, HOYT
-- Multi-Sponsored by -- M. of A. BOYLAND, COLTON, PERRY, PHEFFER --
read once and referred to the Committee on Governmental Employees
AN ACT to amend the retirement and social security law and the civil
service law, in relation to university police officers appointed 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. Subdivision 11 of section 302 of the retirement and social
2 security law is amended by adding a new paragraph i to read as follows:
3 I. SERVICE AS A UNIVERSITY POLICE OFFICER APPOINTED BY THE STATE
4 UNIVERSITY PURSUANT TO PARAGRAPH L OF SUBDIVISION TWO OF SECTION THREE
5 HUNDRED FIFTY-FIVE OF THE EDUCATION LAW.
6 S 2. Subdivision d of section 375-f of the retirement and social secu-
7 rity law, as separately amended by chapters 674 and 677 of the laws of
8 1986, is amended to read as follows:
9 d. In addition to the retirement allowance provided pursuant to the
10 plans set forth in sections three hundred eighty-three, three hundred
11 eighty-three-a [and], three hundred eighty-three-b AND THREE HUNDRED
12 EIGHTY-THREE-D of this [chapter] ARTICLE, a member of either such plan
13 who retires on or after April first, nineteen hundred sixty-nine with
14 more than twenty-five years of total service shall be entitled to
15 receive, in addition to the benefits provided pursuant to [either] ANY
16 such section and notwithstanding the limitations of [either] ANY such
17 section, an additional retirement allowance for such years of service
18 rendered in excess of twenty-five. The additional retirement allowance
19 for such additional years of service shall be computed as if such member
20 had been eligible to have his OR HER retirement allowance computed
21 pursuant to the provisions of subdivision b of section three hundred
22 seventy-five-c and of paragraph one of subdivision a of section three
23 hundred seventy-five-d of this [chapter] TITLE.
24 S 3. The retirement and social security law is amended by adding a new
25 section 383-d to read as follows:
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01610-02-1
A. 4197 2
1 S 383-D. ALTERNATE RETIREMENT BENEFITS FOR UNIVERSITY POLICE OFFICERS
2 APPOINTED BY THE STATE UNIVERSITY. A. AS USED IN THIS SECTION, THE TERM
3 "UNIVERSITY POLICE OFFICER" SHALL MEAN A PERSON WHO IS SO APPOINTED
4 PURSUANT TO PARAGRAPH L OF SUBDIVISION TWO OF SECTION THREE HUNDRED
5 FIFTY-FIVE OF THE EDUCATION LAW.
6 B. NOTWITHSTANDING ANY OTHER PROVISION OF LAW PROVIDING FOR TRANSFERS
7 BETWEEN RETIREMENT SYSTEMS, ANY UNIVERSITY POLICE OFFICER IN THE SERVICE
8 OF THE STATE UNIVERSITY WHO IS A MEMBER OF THE NEW YORK STATE AND LOCAL
9 EMPLOYEES' RETIREMENT SYSTEM MAY TRANSFER TO THE NEW YORK STATE AND
10 LOCAL POLICE AND FIRE RETIREMENT SYSTEM AND SHALL RECEIVE CREDIT PURSU-
11 ANT TO AND BE ENTITLED TO THE RETIREMENT BENEFITS AFFORDED IN ACCORDANCE
12 WITH THIS SECTION. UPON ANY SUCH TRANSFER THE MEMBER SHALL BE ENTITLED
13 TO THE AMOUNT OF SERVICE WHICH WOULD HAVE BEEN DEEMED CREDITABLE AND
14 SUCH MEMBER SHALL BE ENTITLED TO THE AMOUNT OF SERVICE WHICH WOULD HAVE
15 BEEN DEEMED CREDITABLE HAD SUCH MEMBER BEEN SUBJECT TO SUCH SYSTEM
16 DURING THE COURSE OF HIS OR HER MEMBERSHIP WITHIN SUCH SYSTEM. CONTRIB-
17 UTIONS TO SUCH SYSTEM SHALL BE MADE IN ACCORDANCE WITH APPROPRIATE
18 PROVISIONS OF LAW RELATING THERETO. APPLICATION FOR SUCH TRANSFER MUST
19 BE MADE TO THE STATE COMPTROLLER ON OR BEFORE DECEMBER THIRTY-FIRST, TWO
20 THOUSAND TWELVE. THE PROVISIONS OF SECTION THREE HUNDRED FORTY-THREE OF
21 THIS ARTICLE SHALL APPLY TO ANY MEMBER MAKING APPLICATION FOR TRANSFER
22 UNDER THIS SUBDIVISION.
23 C. ANY UNIVERSITY POLICE OFFICER IN THE SERVICE OF THE STATE UNIVERSI-
24 TY WHO ELECTS OR IS REQUIRED TO CONTRIBUTE UNDER THIS SECTION SHALL
25 CONTRIBUTE TO THE NEW YORK STATE AND LOCAL POLICE AND FIRE RETIREMENT
26 SYSTEM ON THE BASIS OF RETIREMENT UPON HIS OR HER:
27 1. COMPLETION OF TWENTY-FIVE YEARS OF TOTAL CREDITABLE SERVICE, OR
28 2. ATTAINMENT OF AGE SIXTY AS A UNIVERSITY POLICE OFFICER IN THE
29 SERVICE OF THE STATE UNIVERSITY, IF PRIOR THERETO, ON AN ALLOWANCE OF
30 ONE-FIFTIETH OF HIS OR HER FINAL AVERAGE SALARY FOR EACH YEAR OF TOTAL
31 CREDITABLE SERVICE NOT IN EXCESS OF TWENTY-FIVE YEARS. SUCH ELECTION
32 SHALL BE IN WRITING AND SHALL BE DULY EXECUTED AND FILED WITH THE COMP-
33 TROLLER.
34 D. EVERY EMPLOYEE ENTERING OR RE-ENTERING SERVICE AS A UNIVERSITY
35 POLICE OFFICER IN THE SERVICE OF THE STATE UNIVERSITY ON OR AFTER THE
36 EFFECTIVE DATE OF THIS SECTION SHALL CONTRIBUTE ON THE BASIS PROVIDED
37 FOR BY THIS SECTION.
38 E. A MEMBER WHO IS REQUIRED TO CONTRIBUTE IN ACCORDANCE WITH THIS
39 SECTION SHALL CONTRIBUTE, IN LIEU OF THE PROPORTION OF COMPENSATION AS
40 PROVIDED IN SECTION THREE HUNDRED TWENTY-ONE OF THIS ARTICLE, A PROPOR-
41 TION OF HIS OR HER COMPENSATION SIMILARLY DETERMINED. SUCH LATTER
42 PROPORTION SHALL BE COMPUTED TO PROVIDE AT THE TIME WHEN HE OR SHE SHALL
43 FIRST BECOME ELIGIBLE FOR RETIREMENT UNDER THIS SECTION, AN ANNUITY
44 EQUAL TO ONE-ONE HUNDREDTH OF HIS OR HER FINAL AVERAGE SALARY FOR EACH
45 YEAR OF SERVICE AS A MEMBER PRIOR TO THE ATTAINMENT OF THE AGE WHEN HE
46 OR SHE SHALL FIRST BECOME ELIGIBLE FOR RETIREMENT. SUCH MEMBER'S RATE OF
47 CONTRIBUTION PURSUANT TO THIS SECTION SHALL BE APPROPRIATELY REDUCED
48 PURSUANT TO SECTION THREE HUNDRED SEVENTY-A OF THIS ARTICLE FOR SUCH
49 PERIOD OF TIME AS HIS OR HER EMPLOYER CONTRIBUTES PURSUANT TO SUCH
50 SECTION TOWARD PENSIONS-PROVIDING-FOR-INCREASED-TAKE-HOME-PAY. NO SUCH
51 MEMBER SHALL BE REQUIRED TO CONTINUE CONTRIBUTIONS AFTER COMPLETING
52 TWENTY-FIVE YEARS OF SUCH SERVICE.
53 F. A MEMBER CONTRIBUTING ON THE BASIS OF THIS SECTION, AT THE TIME OF
54 RETIREMENT, SHALL BE ENTITLED TO RETIRE AFTER THE COMPLETION OF TWENTY-
55 FIVE YEARS OF TOTAL CREDITABLE SERVICE OR UPON THE ATTAINMENT OF AGE
56 SIXTY BY FILING AN APPLICATION THEREFOR IN A MANNER SIMILAR TO THAT
A. 4197 3
1 PROVIDED IN SECTION THREE HUNDRED SEVENTY OF THIS ARTICLE. HE OR SHE
2 SHALL RECEIVE, ON RETIREMENT, A RETIREMENT ALLOWANCE CONSISTING OF:
3 1. AN ANNUITY WHICH SHALL BE THE ACTUARIAL EQUIVALENT OF HIS OR HER
4 ACCUMULATED CONTRIBUTIONS AT THE TIME OF HIS OR HER RETIREMENT, PLUS
5 2. A PENSION WHICH, TOGETHER WITH SUCH ANNUITY AND A PENSION WHICH IS
6 THE ACTUARIAL EQUIVALENT OF THE RESERVE-FOR-INCREASED-TAKE-HOME-PAY TO
7 WHICH HE OR SHE MAY THEN BE ENTITLED, IF ANY, SHALL EQUAL ONE-FIFTIETH
8 OF HIS OR HER FINAL AVERAGE SALARY FOR EACH YEAR OF CREDITABLE SERVICE
9 IN SUCH DIVISION. THIS PENSION SHALL NOT EXCEED THE AMOUNT NEEDED TO
10 MAKE THE TOTAL AMOUNT OF THE BENEFITS PROVIDED UNDER THIS PARAGRAPH AND
11 PARAGRAPH ONE OF THIS SUBDIVISION EQUAL TO ONE-HALF OF FINAL AVERAGE
12 SALARY.
13 3. AN ADDITIONAL PENSION EQUAL TO THE PENSION FOR ANY CREDITABLE
14 SERVICE RENDERED WHILE NOT EMPLOYED AS A UNIVERSITY POLICE OFFICER IN
15 THE SERVICE OF THE STATE UNIVERSITY AS PROVIDED UNDER PARAGRAPHS TWO AND
16 THREE OF SUBDIVISION A OF SECTION THREE HUNDRED SEVENTY-FIVE OF THIS
17 ARTICLE. THIS PENSION SHALL:
18 (I) BE PAYABLE ONLY IF SUCH MEMBER HAS ATTAINED AGE SIXTY AT THE TIME
19 OF RETIREMENT AND HAS NOT COMPLETED TWENTY-FIVE YEARS OF SERVICE AS A
20 UNIVERSITY POLICE OFFICER IN THE SERVICE OF THE STATE UNIVERSITY FOR
21 WHICH HE OR SHE RECEIVES CREDIT UNDER THIS ARTICLE, AND
22 (II) NOT INCREASE THE TOTAL ALLOWANCE TO MORE THAN HE OR SHE WOULD
23 HAVE RECEIVED HAD HIS OR HER TOTAL SERVICE BEEN RENDERED AS A UNIVERSITY
24 POLICE OFFICER IN THE SERVICE OF THE STATE UNIVERSITY.
25 FOR THE PURPOSE ONLY OF DETERMINING THE AMOUNT OF THE PENSION PROVIDED
26 HEREIN, THE ANNUITY SHALL BE COMPUTED AS IT WOULD BE:
27 (A) IF NOT REDUCED BY THE ACTUARIAL EQUIVALENT OF ANY OUTSTANDING
28 LOAN, AND
29 (B) IF NOT INCREASED BY THE ACTUARIAL EQUIVALENT OF ANY ADDITIONAL
30 CONTRIBUTIONS, AND
31 (C) IF NOT REDUCED BY REASON OF THE MEMBER'S ELECTION TO DECREASE HIS
32 OR HER ANNUITY CONTRIBUTIONS TO THE RETIREMENT SYSTEMS IN ORDER TO APPLY
33 THE AMOUNT OF SUCH REDUCTION IN PAYMENT OF HIS OR HER CONTRIBUTIONS FOR
34 OLD-AGE AND SURVIVORS INSURANCE COVERAGE.
35 G. THE INCREASED PENSIONS TO A UNIVERSITY POLICE OFFICER IN THE
36 SERVICE OF THE STATE UNIVERSITY, AS PROVIDED BY THIS SECTION, SHALL BE
37 PAID FROM ADDITIONAL CONTRIBUTIONS MADE BY THE STATE ON ACCOUNT OF SUCH
38 MEMBERS. THE ACTUARY OF THE RETIREMENT SYSTEM SHALL COMPUTE THE ADDI-
39 TIONAL CONTRIBUTION OF EACH MEMBER WHO ELECTS TO RECEIVE THE SPECIAL
40 BENEFITS PROVIDED UNDER THIS SECTION. SUCH ADDITIONAL CONTRIBUTIONS
41 SHALL BE COMPUTED ON THE BASIS OF CONTRIBUTIONS DURING THE PROSPECTIVE
42 SERVICE OF SUCH MEMBER WHICH WILL COVER THE LIABILITY OF THE RETIREMENT
43 SYSTEM FOR SUCH EXTRA PENSIONS. UPON APPROVAL BY THE COMPTROLLER, SUCH
44 ADDITIONAL CONTRIBUTIONS SHALL BE CERTIFIED BY HIM OR HER TO THE CHAN-
45 CELLOR OF THE STATE UNIVERSITY. THE AMOUNT THEREOF SHALL BE INCLUDED IN
46 THE ANNUAL APPROPRIATION OF THE STATE FOR THE STATE UNIVERSITY. SUCH
47 AMOUNT SHALL BE PAID ON THE WARRANT OF THE COMPTROLLER TO THE PENSION
48 ACCUMULATION FUND OF THE RETIREMENT SYSTEM.
49 H. IN COMPUTING THE TWENTY-FIVE YEARS OF COMPLETED SERVICE OF A
50 UNIVERSITY POLICE OFFICER IN THE SERVICE OF THE STATE UNIVERSITY, FULL
51 CREDIT SHALL BE GIVEN AND FULL ALLOWANCE SHALL BE MADE FOR SERVICE OF
52 SUCH MEMBER IN WAR AFTER WORLD WAR I AS DEFINED IN SECTION TWO OF THIS
53 CHAPTER, PROVIDED SUCH MEMBER AT THE TIME OF HIS OR HER ENTRANCE INTO
54 THE ARMED FORCES WAS IN STATE SERVICE.
55 I. THE PROVISIONS OF THIS SECTION SHALL BE CONTROLLING NOTWITHSTANDING
56 ANY PROVISION IN THIS ARTICLE TO THE CONTRARY.
A. 4197 4
1 J. NOTWITHSTANDING ANY PROVISION OF SUBDIVISION D, E OR I OF THIS
2 SECTION TO THE CONTRARY, A MEMBER WHO IS IN THE COLLECTIVE NEGOTIATING
3 UNIT DESIGNATED AS THE AGENCY LAW ENFORCEMENT SERVICES UNIT AND ESTAB-
4 LISHED PURSUANT TO ARTICLE FOURTEEN OF THE CIVIL SERVICE LAW AND WHO HAS
5 ELECTED OR IS REQUIRED TO CONTRIBUTE IN ACCORDANCE WITH THIS SECTION
6 MAY, ON OR BEFORE MARCH THIRTY-FIRST, TWO THOUSAND THIRTEEN, ELECT TO
7 COME UNDER THE PROVISIONS OF SECTION THREE HUNDRED SEVENTY-FIVE-H OF
8 THIS ARTICLE. SUCH ELECTION SHALL BE DULY EXECUTED AND FILED WITH THE
9 COMPTROLLER.
10 K. COMMENCING WITH THE EFFECTIVE DATE OF THIS SECTION AND IN A MANNER
11 DETERMINED BY THE HEAD OF THE RETIREMENT SYSTEM, THE EMPLOYER SHALL MAKE
12 CONTRIBUTIONS TO THE RETIREMENT SYSTEM TO FUND THE PAST SERVICE LIABIL-
13 ITY COSTS ASSOCIATED WITH THE IMPLEMENTATION OF THIS SECTION AS THOSE
14 COSTS ARE CALCULATED BY THE RETIREMENT SYSTEM ACTUARY. SUCH CONTRIB-
15 UTIONS MAY BE MADE, AT THE ELECTION OF THE EMPLOYER, IN LEVEL DOLLAR
16 INSTALLMENTS OVER A TEN YEAR PERIOD.
17 S 4. No employee contributions made to the New York state and local
18 employees' retirement system by any state university police officer who
19 elects to make a transfer pursuant to this act shall be returned to such
20 officer. Such employee contributions shall be used to offset any past
21 service costs incurred by operation of the provisions of this act.
22 S 5. Notwithstanding subdivision h of section 343 of the retirement
23 and social security law, the provisions of subdivisions c and d of
24 section 343 of the retirement and social security law shall apply and
25 the employer contributions reserve shall be transferred from the appro-
26 priate fund or funds of the New York state and local employees' retire-
27 ment system to the New York state and local police and fire retirement
28 system.
29 S 6. Subdivisions 1, 2 and 3 and paragraphs (a) and (b) of subdivision
30 4 of section 58 of the civil service law, subdivision 1 as amended by
31 chapter 560 of the laws of 1978, the opening paragraph of subdivision 1,
32 subdivision 3 and paragraphs (a) and (b) of subdivision 4 as amended by
33 chapter 435 of the laws of 1997, paragraph (a) of subdivision 1 as
34 amended by chapter 346 of the laws of 2008 and subdivision 2 as amended
35 by chapter 32 of the laws of 1999, are amended to read as follows:
36 1. Notwithstanding any other provision of this law or any general,
37 special or local law to the contrary, no person shall be eligible for
38 provisional or permanent appointment in the competitive class of the
39 civil service as a police officer of any police force or police depart-
40 ment of any county, city, town, village, housing authority [or], police
41 district OR OF THE STATE UNIVERSITY OF NEW YORK unless he OR SHE shall
42 satisfy the following basic requirements:
43 (a) he or she is not less than twenty years of age as of the date of
44 appointment nor more than thirty-five years of age as of the date when
45 the applicant takes the written examination, provided that the maximum
46 age requirement of thirty-five years of age as set forth in this para-
47 graph shall not apply to eligible lists finalized pursuant to an exam-
48 ination administered prior to May thirty-first, nineteen hundred nine-
49 ty-nine FOR THE POLICE OFFICERS DESCRIBED IN THIS SUBDIVISION EXCEPT FOR
50 POLICE OFFICERS OF THE STATE UNIVERSITY OF NEW YORK AND, WITH RESPECT TO
51 STATE UNIVERSITY POLICE OFFICERS ONLY, THE MAXIMUM AGE REQUIREMENT OF
52 THIRTY-FIVE YEARS OF AGE AS SET FORTH IN THIS PARAGRAPH SHALL NOT APPLY
53 TO ELIGIBLE LISTS FINALIZED PURSUANT TO AN EXAMINATION ADMINISTERED
54 PRIOR TO DECEMBER THIRTY-FIRST, TWO THOUSAND TWELVE, provided, however,
55 that:
A. 4197 5
1 (i) time spent on military duty or on terminal leave, not exceeding a
2 total of six years, shall be subtracted from the age of any applicant
3 who has passed his or her thirty-fifth birthday as provided in subdivi-
4 sion ten-a of section two hundred forty-three of the military law;
5 (ii) such maximum age requirement of thirty-five years shall not apply
6 to any police officer as defined in subdivision thirty-four of section
7 1.20 of the criminal procedure law, who was continuously employed by the
8 Buffalo municipal housing authority between January first, two thousand
9 five and June thirtieth, two thousand five and who takes the next writ-
10 ten exam offered after the effective date of this subparagraph by the
11 city of Buffalo civil service commission for employment as a police
12 officer in the city of Buffalo police department, or June thirtieth, two
13 thousand six, whichever is later; and
14 (iii) such maximum age requirement of thirty-five years shall not
15 apply to any police officer of any county, town, city or village police
16 force not otherwise provided for in this section if the eligible list
17 has been exhausted and there are no other eligible candidates; provided,
18 however, the police officer themselves are on the eligible list of such
19 county, town, city or village and meet all other requirements of merit
20 and fitness set forth by this chapter and do not exceed the maximum age
21 of thirty-nine;
22 (b) he OR SHE is a high school graduate or a holder of a high school
23 equivalency diploma issued by an education department of any of the
24 states of the United States or a holder of a comparable diploma issued
25 by any commonwealth, territory or possession of the United States or by
26 the Canal Zone or a holder of a report from the United States armed
27 forces certifying his OR HER successful completion of the tests of
28 general educational development, high school level;
29 (c) he OR SHE satisfies the height, weight and physical fitness
30 requirements prescribed by the municipal police training council pursu-
31 ant to the provisions of section eight hundred forty of the executive
32 law; and
33 (d) he OR SHE is of good moral character.
34 2. The provisions of this section shall not prevent any county, city,
35 town, village, housing authority, transit authority [or], police
36 district OR THE STATE UNIVERSITY OF NEW YORK from setting more restric-
37 tive requirements of eligibility for its police officers, except the
38 maximum age to be a police officer as provided in paragraph (a) of
39 subdivision one of this section.
40 3. As used in this section, the term "police officer" means a member
41 of the regional state park police, THE STATE UNIVERSITY OF NEW YORK
42 POLICE or a police force, police department, or other organization of a
43 county, city, town, village, housing authority, transit authority or
44 police district, who is responsible for the prevention and detection of
45 crime and the enforcement of the general criminal laws of the state, but
46 shall not include any person serving as such solely by virtue of his OR
47 HER occupying any other office or position, nor shall such term include
48 a sheriff, under-sheriff, commissioner of police, deputy or assistant
49 commissioner of police, chief of police, deputy or assistant chief of
50 police or any person having an equivalent title who is appointed or
51 employed to exercise equivalent supervisory authority.
52 (a) Any person who has received provisional or permanent appointment
53 in the competitive class of the civil service as a police officer of the
54 regional state park police, THE STATE UNIVERSITY OF NEW YORK POLICE or
55 any police force or police department of any county, city, town,
56 village, housing authority, transit authority or police district shall
A. 4197 6
1 be eligible to resign from any police force or police department, and to
2 be appointed as a police officer in the same or any other police force
3 or police department without satisfying the age requirements set forth
4 in paragraph (a) of subdivision one of this section at the time of such
5 second or subsequent appointment, provided such second or subsequent
6 appointment occurs within thirty days of the date of resignation.
7 (b) Any person who has received permanent appointment in the compet-
8 itive class of the civil service as a police officer of the regional
9 state park police, THE STATE UNIVERSITY OF NEW YORK POLICE or any police
10 force or police department of any county, city, town, village, housing
11 authority, transit authority or police district shall be eligible to
12 resign from any police force or police department and, subject to such
13 civil service rules as may be applicable, shall be eligible for rein-
14 statement in the same police force or police department or in any other
15 police force or police department to which he OR SHE was eligible for
16 transfer, without satisfying the age requirements set forth in paragraph
17 (a) of subdivision one of this section at the time of such rein-
18 statement, provided such reinstatement occurs within one year of the
19 date of resignation.
20 S 7. This act shall take effect immediately, provided, however, that
21 the provisions of subdivisions 1 and 2 of section 58 of the civil
22 service law, as amended by section six of this act, shall not apply to
23 university police officers in the service of the state university of New
24 York on or before such effective date.
FISCAL NOTE.-- Pursuant to Legislative Law, Section 50:
This bill would allow State University Police Officers to transfer to
the New York State and Local Police and Fire Retirement System and to be
covered by the provisions of a new twenty-five (25) year half pay
retirement plan, with additional one-sixtieths of final average salary
for each year of service in excess of twenty-five (25) years, but not
exceeding fifteen (15) such years. For Tiers 2 and 5 members, the addi-
tional one-sixtieths can not exceed seven (7) such years. There will be
no refund of Article 14 or Article 15 member contributions for officers
who transfer to the Police and Fire Retirement system.
If this bill is enacted, we anticipate that there will be an increase
of approximately $840,000 in the annual contributions of the State of
New York for the fiscal year ending March 31, 2012.
In addition to the annual contributions discussed above, there will be
an immediate past service cost of approximately $8.48 million which
would be borne by the State of New York. This estimate is based on the
assumption that payment will be made on March 1, 2012. If this cost is
amortized over ten (10) years, the cost for the first year, including
interest, would be approximately $1.15 million.
It should be noted that in addition to the increase in annual contrib-
utions given above, there would be increases in annual contributions for
future State University Police Officers who would be Tier 5 members of
the New York State and Local Police and Fire Retirement System rather
than Tier 5 members of the New York State and Local Employees' Retire-
ment System.
These estimated costs are based on five hundred thirty-three (533)
State University Police Officers with a total estimated salary of
approximately $33.8 million for the fiscal year ending March 31, 2010.
This estimate, dated January 5, 2011 and intended for use only during
the 2011 Legislative Session, is Fiscal Note No. 2011-73 prepared by the
Actuary for the New York State and Local Employees' Retirement System
and the New York State and Local Police and Fire Retirement System.
