S T A T E   O F   N E W   Y O R K
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                                 4876--A

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            February 9, 2015
                               ___________

Introduced  by  M.  of A. GUNTHER, SKOUFIS, PICHARDO, COLTON, MONTESANO,
  RAIA, GRAF, BLAKE, HOOPER, STECK -- Multi-Sponsored by  --  M.  of  A.
  CRESPO,  CROUCH,  DUPREY,  LUPARDO, MAGEE, McLAUGHLIN -- 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 committee

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. -- Pursuant to Legislative Law, Section 50:
  This bill will 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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02174-04-6

              

A. 4876--A                          2

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.
  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  26,  2016,  and intended for use only
during the  2016  Legislative  Session,  is  Fiscal  Note  No.  2016-43,
prepared  by  the  Actuary  for  the New York State and Local Retirement
System.