Bill Text: NY S04167 | 2021-2022 | General Assembly | Introduced


Bill Title: Limits annual earnings for retired police officers that work as school security officers to $50,000.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2022-01-05 - REFERRED TO CIVIL SERVICE AND PENSIONS [S04167 Detail]

Download: New_York-2021-S04167-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________

                                          4167

                               2021-2022 Regular Sessions

                    IN SENATE

                                    February 2, 2021
                                       ___________

        Introduced  by  Sen.  BIAGGI -- 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
          annual earnings limitations for retired police officers

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Section 212 of the retirement and social  security  law  is
     2  amended by adding a new subdivision 4 to read as follows:
     3    4.  Notwithstanding the provisions of subdivisions one and two of this
     4  section, such annual earnings limitations for a retired  police  officer
     5  employed  by  a  school  district  or a board of cooperative educational
     6  services, in either the classified or unclassified service as  a  school
     7  resource  officer, school safety officer, school security officer or any
     8  other substantially similar position  or  office  that  is  designed  to
     9  provide  safety  and/or  security  on school grounds, provided that such
    10  retired police officer is duly qualified, competent and  physically  fit
    11  for  performance  of the duties of the position in which he or she is to
    12  be employed as determined by the school district or board of cooperative
    13  educational services and is properly certified where such  certification
    14  is  required,  shall be fifty thousand dollars for the year two thousand
    15  twenty-one and thereafter.
    16    § 2. This act shall take effect immediately.
          FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
          Insofar as this bill would affect the New York State and Local  Police
        and  Fire Retirement System (PFRS), this bill would allow retired police
        officers who are employed by a school  district  as  a  school  resource
        officer,  school  safety  officer,  school security officer or any other
        substantially similar position with an annual salary of $50,000 or  less
        and  continue  to  receive their full retirement benefit. Currently, the
        salary limit is $35,000.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03617-02-1

        S. 4167                             2

          If this bill is enacted, we expect few retirees to be affected.  There
        would  be  negligible additional annual costs. However, if large numbers
        of retirees are hired into such positions,  there  would  be  additional
        annual  costs  which would be shared by the state of New York and all of
        the participating employers in the PFRS.
          Summary of relevant resources:
          Membership  data as of March 31, 2020 was used in measuring the impact
        of the proposed change, the same data used in the April 1, 2020 actuari-
        al valuation. Distributions and other statistics can  be  found  in  the
        2020  Report  of the Actuary and the 2020 Comprehensive Annual Financial
        Report.
          The actuarial assumptions and methods used are described in  the  2020
        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, 2020
        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 fiscal note does not constitute a legal opinion on the  viability
        of  the  proposed change nor is it intended to serve as a substitute for
        the professional judgment of an attorney.
          This estimate, dated January 21,  2021,  and  intended  for  use  only
        during  the  2021  Legislative  Session,  is  Fiscal  Note  No. 2021-51,
        prepared by the Actuary for the New  York  State  and  Local  Retirement
        System.
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