Bill Text: NY S08452 | 2017-2018 | General Assembly | Introduced
Bill Title: Relates to the earnings limitation for retired correctional officers employed as school resource officers; $50,000 for the year 2018 and thereafter.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2018-05-08 - REFERRED TO CIVIL SERVICE AND PENSIONS [S08452 Detail]
Download: New_York-2017-S08452-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 8452 IN SENATE May 8, 2018 ___________ Introduced by Sen. CROCI -- 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 correctional officers employed as school resource 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 correctional 5 officer employed by a school district in either the classified or 6 unclassified service as a school resource officer, school safety offi- 7 cer, school security officer or any other substantially similar position 8 or office that is designed to provide safety and/or security on school 9 grounds, provided that such retired correctional officer is duly quali- 10 fied, competent and physically fit for performance of the duties of the 11 position in which he or she is to be employed as determined by the 12 school district and is properly certified where such certification is 13 required, shall be fifty thousand dollars for the year two thousand 14 eighteen and thereafter. 15 § 2. This act shall take effect immediately. FISCAL NOTE.--Pursuant to Legislative Law, Section 50: This bill will allow retired correctional 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 $30,000. If this bill is enacted, insofar as it will affect the New York State and Local Employees' Retirement System (ERS), 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 ERS. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD15247-02-8S. 8452 2 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, 2017 actuarial valu- ation. Distributions and other statistics can be found in the 2017 Report of the Actuary and the 2017 Comprehensive Annual Financial Report. The actuarial assumptions and methods used are described in the 2015, 2016, and 2017 Annual Report to the Comptroller on Actuarial Assump- tions, 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, 2017 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 April 23, 2018, and intended for use only during the 2018 Legislative Session, is Fiscal Note No. 2018-86, prepared by the Actuary for the New York State and Local Retirement System.
