Bill Text: NY S05346 | 2013-2014 | General Assembly | Introduced
Bill Title: Removes the earnings limitation on members of the NYS and local police and fire retirement system who retire and are employed by a community college as criminal justice faculty.
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2014-01-08 - REFERRED TO CIVIL SERVICE AND PENSIONS [S05346 Detail]
Download: New_York-2013-S05346-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
5346
2013-2014 Regular Sessions
I N S E N A T E
May 16, 2013
___________
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:
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10821-02-3
S. 5346 2
Data: March 31, 2012 Actuarial Year End File with distributions of
membership and other statistics displayed in the 2012 Report of the
Actuary and 2012 Comprehensive Annual Financial Report.
Assumptions and Methods: 2010, 2011 and 2012 Annual Report to the
Comptroller on Actuarial Assumptions, Codes Rules and Regulations of the
State of New York: Audit and Control.
Market Assets and GASB Disclosures: March 31, 2012 New York State and
Local Retirement System Financial Statements and Supplementary Informa-
tion.
Valuations of Benefit Liabilities and Actuarial Assets: summarized in
the 2012 Actuarial Valuations report.
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 15, 2013, and intended for use only during
the 2013 Legislative Session, is Fiscal Note No. 2013-152, prepared by
the Actuary for the New York State and Local Police and Fire Retirement
System.
