Senate Bill S8911A

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  8911--A
     Cal. No. 1259
 
                             I N  S E N A T E
 
                              April 28, 2022
                                ___________
 
 Introduced  by  Sens. JACKSON, SAVINO -- read twice and ordered printed,
   and when printed to be committed to the Committee on Civil Service and
   Pensions -- reported favorably from said committee, ordered  to  first
   report,  amended  on  first  report,  ordered  to  a second report and
   ordered reprinted, retaining its place in the order of second report

 AN ACT to amend the parks, recreation and historic preservation law,  in
   relation  to increasing the mandatory retirement age of New York state
   regional park police
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 4 of section 13.17 of the parks, recreation and
 historic  preservation  law,  as  amended  by chapter 662 of the laws of
 1972, is amended to read as follows:
   4. Any member appointed on or  after  April  first,  nineteen  hundred
 sixty-five  shall  be separated from such service upon attaining [sixty-
 two] SIXTY-FIVE years of age.
   § 2. This act shall take effect immediately.
   FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
   This bill would provide that any New York State  Park  Police  Officer
 shall  be  separated  from  such  service upon attaining age sixty-five.
 Currently, State Park Police Officers are separated from service at  age
 sixty-two.
   Insofar  as  this bill affects the New York State and Local Police and
 Fire Retirement System, if this legislation is enacted during  the  2022
 legislative  session,  there  could  be  additional benefits for certain
 State Park Police Officers who  remain  employed  beyond  their  current
 mandatory  retirement age. However, if some members delay retirement due
 to enactment of this bill, we would not anticipate that there  would  be
 an  increase in the annual contribution rates as a percentage of payroll
 for New York State.
   Summary of relevant resources:
   Membership data as of March 31, 2021 was used in measuring the  impact
 of the proposed change, the same data used in the April 1, 2021 actuari-
 al  valuation.  Distributions  and  other statistics can be found in the
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

                       [ ] is old law to be omitted.
                                                            LBD15099-04-2
 S. 8911--A                          2
 
 2021 Report of the Actuary and the 2021 Comprehensive  Annual  Financial
 Report.
   The  actuarial  assumptions and methods used are described in the 2020
 and 2021 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, 2021
 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 April 28, 2022, and intended for use only during
 the 2022 Legislative Session, is Fiscal Note No. 2022-129,  prepared  by
 the Actuary for the New York State and Local Retirement System.