S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5948
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                                May 8, 2017
                                ___________
 
 Introduced  by  Sen.  AKSHAR -- read twice and ordered printed, and when
   printed to be committed to the Committee on Civil Service and Pensions
 
 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

 S. 5948                             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.