Bill Text: NY S04479 | 2017-2018 | General Assembly | Introduced
Bill Title: Authorizes retired firefighters to be employed as fire science instructors by career and technical education centers without reduction of their retirement benefits.
Spectrum: Partisan Bill (Republican 5-0)
Status: (Engrossed - Dead) 2018-06-20 - RECOMMITTED TO RULES [S04479 Detail]
Download: New_York-2017-S04479-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 4479 2017-2018 Regular Sessions IN SENATE February 15, 2017 ___________ Introduced by Sens. LARKIN, AKSHAR, BONACIC, DeFRANCISCO, ROBACH -- 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 authorizing retired firefighters to be employed as instructor of fire sciences by a career and technical education center without diminution of his or her retirement benefits The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The retirement and social security law is amended by adding 2 a new section 214-c to read as follows: 3 § 214-c. Employment of certain retired persons who retired from fire 4 service. Notwithstanding the provisions of this chapter or the 5 provisions of any state or local law or charter to the contrary, no 6 retired person who retired from fire service as a member of the New York 7 state and local police and fire retirement system or the New York fire 8 department pension fund, and who is employed by a career and technical 9 education center as an instructor in a fire science program approved by 10 the education department, shall have his or her retirement allowance or 11 benefits suspended or reduced because of compensation earned by such 12 retired person from service as a fire science instructor. 13 § 2. This act shall take effect immediately. FISCAL NOTE.--This bill will allow firefighters of the New York State and Local Police and Fire Retirement System or the New York City Fire Department Pension Fund to work as a fire science instructor in a program approved by the New York State Department of Education and to continue to receive their retirement benefit. 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: EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD03657-02-7S. 4479 2 The membership data used in measuring the impact of the proposed change was the same as that used in the March 31, 2016 actuarial valu- ation. Distributions and other statistics can be found in the 2016 Report of the Actuary and the 2016 Comprehensive Annual Financial Report. The actuarial assumptions and methods used are described in the 2015 and 2016 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, 2016 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 19, 2017, and intended for use only during the 2017 Legislative Session, is Fiscal Note No. 2017-36, prepared by the Actuary for the New York State and Local Retirement System.
