S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10119
 
                           I N  A S S E M B L Y
 
                              March 16, 2018
                                ___________
 
 Introduced  by  M. of A. ZEBROWSKI, JEAN-PIERRE -- Multi-Sponsored by --
   M. of A.   HYNDMAN -- read once  and  referred  to  the  Committee  on
   Governmental Employees
 
 AN ACT to amend the retirement and social security law, in relation to a
   waiver  of  earnings  limitation  for certain retirees of the New York
   state and local police and fire retirement system who are employed  by
   the state university
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subparagraphs 6 and 7 of paragraph (a) of subdivision 2  of
 section 211 of the retirement and social security law, subparagraph 6 as
 amended by chapter 753 of the laws of 1976 and subparagraph 7 as amended
 by chapter 840 of the laws of 1983, are amended and a new subparagraph 8
 is added to read as follows:
   (6)  the  chancellor  of  state  university  if  such  person is to be
 employed in the unclassified service of  the  state  university  of  New
 York,  or  in the professional service at the state colleges of agricul-
 ture, home  economics,  veterinary  medicine  or  industrial  and  labor
 relations,  the  state  agricultural experiment station at Geneva or any
 other institution or agency under the management and control of  Cornell
 university  as  representative  of  the  board  of trustees of THE state
 university of New York, or at the state college of  ceramics  under  the
 management  and  control  of  Alfred university as representative of the
 board of trustees of THE state university of New York or in the  unclas-
 sified  service  of  a community college other than those in the city of
 New York, OR IF SUCH PERSON IS A RETIRED MEMBER OF THE  NEW  YORK  STATE
 AND  LOCAL  POLICE AND FIRE RETIREMENT SYSTEM AND IS TO BE EMPLOYED AS A
 FACULTY MEMBER, PROVIDED, HOWEVER,  THAT  NO  WAIVER  SHALL  BE  GRANTED
 PURSUANT  TO  THIS SUBDIVISION FOR ANY UNIVERSITY LAW ENFORCEMENT TITLE;
 or
   (7) the chief administrator of the courts if  such  person  is  to  be
 employed  in  a  judicial  or  nonjudicial position in the unified court
 system[.]; OR
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD04504-02-8

 A. 10119                            2
 
   (8) THE PRESIDENT OF A COMMUNITY COLLEGE UNDER A PROGRAM OF THE  STATE
 UNIVERSITY  OF  NEW  YORK, IF SUCH PERSON IS A RETIRED MEMBER OF THE NEW
 YORK STATE AND LOCAL POLICE AND FIRE RETIREMENT  SYSTEM  AND  IS  TO  BE
 EMPLOYED AS A MEMBER OF THE FACULTY OR AS DIRECTOR OF PUBLIC SAFETY.
   § 2. This act shall take effect immediately.
   FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
   This  bill will allow retired police officers and retired firefighters
 of the New York State and Local Police and  Fire  Retirement  System  to
 work  as  an  employee of the state university as a faculty member or to
 work as an employee of a community college as a faculty member or direc-
 tor of public safety and continue to receive their retirement  benefits,
 without  suspension  or  diminution of such benefits, provided they have
 been granted a waiver of retirement earnings limitations by the chancel-
 lor of the state university of New York or the president of a  community
 college under a program of the state university.
   If  this bill is enacted, we expect few retirees of the New York State
 and Local Police and Fire Retirement System 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, 2017  actuarial  valu-
 ation.    Distributions  and  other  statistics can be found in the 2017
 Report of the  Actuary  and  the  2017  Comprehensive  Annual  Financial
 Report.
   The  actuarial  assumptions  and  methods  used are described in 2015,
 2016, and 2017 Annual Report to the  Comptroller  on  Actuarial  Assump-
 tions,  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, 2017
 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  31,  2018,  and intended for use only
 during the  2018  Legislative  Session,  is  Fiscal  Note  No.  2018-50,
 prepared  by  the  Actuary  for  the New York State and Local Retirement
 System.