S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7818
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 16, 2017
                                ___________
 
 Introduced by M. of A. CAHILL -- read once and referred to the Committee
   on Governmental Employees
 
 AN  ACT  to amend the retirement and social security law, in relation to
   granting certain members of the state police credit for service  as  a
   state university police officer

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph 2 of  subdivision  c  of  section  381-b  of  the
 retirement  and social security law, as added by chapter 581 of the laws
 of 2001, is amended to read as follows:
   (2) State university police officer service. Upon completion  of  more
 than  twenty years of service, and upon retirement, each such member who
 was previously credited with service credit in the New  York  state  and
 local  employees'  retirement  system  OR  THE  NEW YORK STATE AND LOCAL
 POLICE AND FIRE RETIREMENT SYSTEM as an officer appointed by  the  state
 university  pursuant  to paragraph l of subdivision two of section three
 hundred fifty-five  of  the  education  law  and  who  has  successfully
 completed  a  course  of  law  enforcement  training as provided in such
 section of the education law OR FOR ANY SUCH OFFICER WHO RETIRES ON  AND
 AFTER   JANUARY  FIRST,  TWO  THOUSAND  EIGHTEEN  WHO  HAS  SUCCESSFULLY
 COMPLETED SUCH COURSE OF LAW ENFORCEMENT TRAINING WITHIN  TWO  YEARS  OF
 HIS  OR  HER  DATE  OF  APPOINTMENT  shall receive for each such year of
 previous service, up to a total of no greater than five years of  previ-
 ous  service,  additional service credit equal to one-sixtieth of his or
 her final average salary.
   § 2. This act shall take effect immediately.
   FISCAL NOTE.-- Pursuant to Legislative Law, Section 50:
   This bill would allow  up  to  five  (5)  years  of  previous  service
 rendered  as a police officer appointed by SUNY, pursuant to Section 355
 of the Education Law, to be creditable service under  Section  381-b  of
 the Retirement and Social Security Law for certain members who retire on
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD10817-02-7

 A. 7818                             2
 
 or  after January 1, 2018, if such police officer had completed a course
 of law enforcement training within two years  of  his  or  her  date  of
 appointment.  Currently such course must be completed within one year of
 his or her date of appointment. Upon completion of more than twenty (20)
 years  of  service and upon retirement, an affected member would receive
 one-sixtieth of final average salary for each such year of state univer-
 sity police officer service.
   In addition this bill makes a technical amendment to reflect that most
 current State University police officers are members  of  the  New  York
 State  and local police and fire retirement system due to Chapter 561 of
 the laws of 2015.
   If this legislation is enacted during the 2017 legislative session, we
 anticipate that there will be no additional 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, 2016 actuarial valu-
 ation.  Distributions and other statistics can  be  found  in  the  2016
 Report  of  the  Actuary  and  the  2016  Comprehensive Annual Financial
 Report.
   The actuarial assumptions and methods used are described in  the  2015
 and  2016 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, 2016
 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 March 28, 2017, and intended for use only  during
 the  2017  Legislative  Session, is Fiscal Note No. 2017-77, prepared by
 the Actuary for the New York State and Local Retirement System.