Assembly Bill A6452

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6452
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 17, 2021
                                ___________
 
 Introduced  by  M.  of  A.  GUNTHER, PICHARDO, COLTON, STECK, MONTESANO,
   FRIEND -- Multi-Sponsored by -- M. of A.  LUPARDO  --  read  once  and
   referred to the Committee on Governmental Employees
 
 AN  ACT  to amend the retirement and social security law, in relation to
   authorizing retired firefighters to be employed as instructors 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:
   §  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.
   § 2. This act shall take effect immediately.
   FISCAL NOTE.-- Pursuant to Legislative Law, Section 50:
   This  bill  would  allow  retirees  from  the New York State and Local
 Police and Fire Retirement System or the New York City  Fire  Department
 Pension  Fund  retired  from  fire  service  to  work  as a fire science
 instructor in a 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. Any additional annual costs will therefore be negligible.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD03624-02-1

 A. 6452                             2
 
   Summary of relevant resources:
   Membership  data as of March 31, 2020 was used in measuring the impact
 of the proposed change, the same data used in the April 1, 2020 actuari-
 al valuation. Distributions and other statistics can  be  found  in  the
 2020  Report  of the Actuary and the 2020 Comprehensive Annual Financial
 Report.
   The actuarial assumptions and methods used are described in  the  2020
 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, 2020
 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 a legal opinion on the  viability
 of  the  proposed change nor is it intended to serve as a substitute for
 the professional judgment of an attorney.
   This estimate, dated January 29,  2021,  and  intended  for  use  only
 during  the  2021  Legislative  Session,  is  Fiscal  Note  No. 2021-61,
 prepared by the Actuary for the New  York  State  and  Local  Retirement
 System.