S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2220
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 22, 2019
                                ___________
 
 Introduced by M. of A. PAULIN -- read once and referred to the Committee
   on Governmental Employees
 
 AN  ACT  to amend the retirement and social security law, in relation to
   annual earnings limitations for retired police officers
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section  212 of the retirement and social security law is
 amended by adding a new subdivision 4 to read as follows:
   4. NOTWITHSTANDING THE PROVISIONS OF SUBDIVISIONS ONE AND TWO OF  THIS
 SECTION,  SUCH  ANNUAL EARNINGS LIMITATIONS FOR A RETIRED POLICE OFFICER
 EMPLOYED BY A SCHOOL DISTRICT OR  A  BOARD  OF  COOPERATIVE  EDUCATIONAL
 SERVICES,  IN  EITHER THE CLASSIFIED OR UNCLASSIFIED SERVICE AS A SCHOOL
 RESOURCE OFFICER, SCHOOL SAFETY OFFICER, SCHOOL SECURITY OFFICER OR  ANY
 OTHER  SUBSTANTIALLY  SIMILAR  POSITION  OR  OFFICE  THAT IS DESIGNED TO
 PROVIDE SAFETY AND/OR SECURITY ON SCHOOL  GROUNDS,  PROVIDED  THAT  SUCH
 RETIRED  POLICE  OFFICER IS DULY QUALIFIED, COMPETENT AND PHYSICALLY FIT
 FOR PERFORMANCE OF THE DUTIES OF THE POSITION IN WHICH HE OR SHE  IS  TO
 BE EMPLOYED AS DETERMINED BY THE SCHOOL DISTRICT OR BOARD OF COOPERATIVE
 EDUCATIONAL  SERVICES AND IS PROPERLY CERTIFIED WHERE SUCH CERTIFICATION
 IS REQUIRED, SHALL BE FIFTY THOUSAND DOLLARS FOR THE YEAR  TWO  THOUSAND
 NINETEEN AND THEREAFTER.
   § 2. This act shall take effect immediately.
   FISCAL NOTE:
   Insofar  as  this bill will affect the New York State and Local Police
 and Fire Retirement System (PFRS), this bill will allow  retires  police
 officers  who  are  employes  by  a school district as a school resource
 officer, school safety officer, school security  officer  or  any  other
 substantially  similar position with an annual salary of $50,000 or less
 and continue to receive their full retirement  benefit.  Currently,  the
 salary limit is $30,000.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01127-03-9
              

 A. 2220                             2
 
   If  this bill is enacted, we expect few retirees to be affected. there
 would be negotiable additional annual costs. However, if  large  numbers
 of  retirees  are  hired  into such positions, there would be additional
 annual costs which would be shared by the state of New York and  all  of
 the participating employers in the PFRS.
   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, 2018  actuarial  valu-
 ation.    Distributions  and  other  statistics can be found in the 2018
 Report of the  Actuary  and  the  2018  Comprehensive  annual  Financial
 Report.
   The  actuarial assumptions and methods used are described in the 2015,
 2016, 2017 and 2018  Annual  Report  to  the  Comptroller  on  Actuarial
 Assumptions,  and  the  Code  Rules  and Regulations of the State of New
 York: Audit and Control.
   The Market Assets and GASB Disclosures are found in the March 31, 2018
 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  fiscal note does not constitute the legal opinion on the viabil-
 ity of the proposed change nor is it intended to serve as  a  substitute
 for the professional judgement of an attorney.
   $This estimate, date January 9, 2019, and intended for use only during
 the  2019  legislative  Session, is Fiscal Note No. 2019-18, prepared by
 the Actuary for the New York State and Local Retirement System.