Assembly Bill A4607

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

                                  4607

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            February 6, 2013
                               ___________

Introduced  by  M.  of  A.  RABBITT, McDONOUGH, MONTESANO, CROUCH, GRAF,
  SALADINO, HAWLEY, FINCH, TENNEY, WALTER -- Multi-Sponsored by -- M. of
  A. CRESPO, McLAUGHLIN, RA -- read once and referred to  the  Committee
  on Governmental Employees

AN  ACT  to amend the retirement and social security law, in relation to
  authorizing retired firefighters to be employed as instructor of  fire
  sciences by a career and technical education center without diminution
  of his or her retirement benefits

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The retirement and social security law is amended by adding
a new section 214-c to read as follows:
  S 214-C. EMPLOYMENT OF CERTAIN RETIRED PERSONS WHO RETIRED  FROM  FIRE
SERVICE.   NOTWITHSTANDING   THE  PROVISIONS  OF  THIS  CHAPTER  OR  THE
PROVISIONS OF ANY STATE OR LOCAL LAW OR  CHARTER  TO  THE  CONTRARY,  NO
RETIRED PERSON WHO RETIRED FROM FIRE SERVICE AS A MEMBER OF THE NEW YORK
STATE  AND  LOCAL POLICE AND FIRE RETIREMENT SYSTEM OR THE NEW YORK FIRE
DEPARTMENT PENSION FUND, AND WHO IS EMPLOYED BY A CAREER  AND  TECHNICAL
EDUCATION  CENTER AS AN INSTRUCTOR IN A FIRE SCIENCE PROGRAM APPROVED BY
THE EDUCATION DEPARTMENT, SHALL HAVE HIS OR HER RETIREMENT ALLOWANCE  OR
BENEFITS  SUSPENDED  OR  REDUCED  BECAUSE OF COMPENSATION EARNED BY SUCH
RETIRED PERSON FROM SERVICE AS A FIRE SCIENCE INSTRUCTOR.
  S 2. This act shall take effect immediately.
  FISCAL NOTE.--This bill would allow retired firefighters  of  the  New
York  State  and Local Police and Fire Retirement System or the New York
City Fire Department Pension Fund to work as a fire  science  instructor
in  a program approved by the New York State Department of Education and
to continue to receive their retirement benefit.
  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.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01352-02-3
              

A. 4607                             2

  Summary of relevant resources:
  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 January 29, 2013 and intended for use only during
the  2013  Legislative  Session, is Fiscal Note No. 2013-74, prepared by
the Actuary for the New York State and Local Police and Fire  Retirement
System.