Assembly Bill A7516

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

                                  7516

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                              May 23, 2013
                               ___________

Introduced by M. of A. ABBATE -- read once and referred to the Committee
  on Governmental Employees

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.
                                                           LBD11202-01-3

A. 7516                             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 of 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.