Senate Bill S5195A

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

                                 5195--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                               May 6, 2015
                               ___________

Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Civil Service and Pensions
  -- recommitted to the Committee  on  Civil  Service  and  Pensions  in
  accordance  with  Senate  Rule 6, sec. 8 -- 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.
                                                           LBD00675-03-6

S. 5195--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.