S T A T E   O F   N E W   Y O R K
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                                  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:

  Section 1. Section 211 of the retirement and social  security  law  is
amended by adding a new subdivision 9 to read as follows:
  9.  ANY  PERSON  EMPLOYED  BY  A COMMUNITY COLLEGE AS A FACULTY MEMBER
UNDER A CRIMINAL JUSTICE PROGRAM OF THE STATE UNIVERSITY OF NEW YORK  OR
CITY  UNIVERSITY  OF NEW YORK WHO RETIRED FROM PUBLIC EMPLOYMENT WHILE A
MEMBER OF THE NEW YORK STATE AND LOCAL POLICE AND FIRE RETIREMENT SYSTEM
AND WHO IS ENTITLED TO RECEIVE A RETIREMENT ALLOWANCE FROM SUCH  RETIRE-
MENT  SYSTEM  IMMEDIATELY PRIOR TO THE COMMENCEMENT DATE OF SUCH EMPLOY-
MENT BY A COMMUNITY COLLEGE SHALL AUTOMATICALLY BE DEEMED TO  HAVE  BEEN
GRANTED  A  WAIVER OF RETIREMENT EARNINGS LIMITATION AND SUCH PERSON MAY
BE EMPLOYED BY A COMMUNITY COLLEGE WITHOUT LOSS, SUSPENSION  OR  DIMINU-
TION OF HIS OR HER RETIREMENT ALLOWANCE.
  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.