Bill Text: NY S04438 | 2021-2022 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Authorizes retired firefighters to be employed as fire science instructors by career and technical education centers without a reduction of their retirement benefits.

Spectrum: Slight Partisan Bill (Republican 4-2)

Status: (Engrossed - Dead) 2022-05-24 - referred to governmental employees [S04438 Detail]

Download: New_York-2021-S04438-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          4438

                               2021-2022 Regular Sessions

                    IN SENATE

                                    February 4, 2021
                                       ___________

        Introduced  by  Sen. SKOUFIS -- 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
          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:

     1    Section 1. The retirement and social security law is amended by adding
     2  a new section 214-c to read as follows:
     3    § 214-c. Employment of certain retired persons who retired  from  fire
     4  service.   Notwithstanding   the  provisions  of  this  chapter  or  the
     5  provisions of any state or local law or  charter  to  the  contrary,  no
     6  retired person who retired from fire service as a member of the New York
     7  state  and  local police and fire retirement system or the New York fire
     8  department pension fund, and who is employed by a career  and  technical
     9  education  center as an instructor in a fire science program approved by
    10  the education department, shall have his or her retirement allowance  or
    11  benefits  suspended  or  reduced  because of compensation earned by such
    12  retired person from service as a fire science instructor.
    13    § 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.
          Summary of relevant resources:

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03624-02-1
        S. 4438                             2

          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.