S T A T E   O F   N E W   Y O R K
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                                 7009--A

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             April 17, 2015
                               ___________

Introduced by M. of A. ABBATE -- Multi-Sponsored by -- M. of A. GOLDFED-
  ER,  RA  --  read  once  and referred to the Committee on Governmental
  Employees -- recommitted to the Committee on Governmental Employees in
  accordance with Assembly Rule 3, sec. 2 -- committee discharged,  bill
  amended,  ordered reprinted as amended and recommitted to said commit-
  tee

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.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00675-04-6

A. 7009--A                          2
              

  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:
  The  membership  data  used  in  measuring  the impact of the proposed
change was the same as that used in the March 31, 2015  actuarial  valu-
ation.  Distributions  and  other  statistics  can  be found in the 2015
Report of the  Actuary  and  the  2015  Comprehensive  Annual  Financial
Report.
  The  actuarial  assumptions and methods used are described in the 2015
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, 2015
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 14, 2016 and intended for use only during
the  2016  Legislative  Session, is Fiscal Note No. 2016-33, prepared by
the Actuary for the New York State and Local Retirement System.