S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 2747--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 28, 2015
                               ___________

Introduced  by  Sens.  LARKIN,  BONACIC,  DeFRANCISCO, PANEPINTO -- read
  twice and ordered printed, and when printed to  be  committed  to  the
  Committee  on Civil Service and Pensions -- recommitted to the Commit-
  tee on Civil Service and Pensions in accordance with  Senate  Rule  6,
  sec.  8  --  committee  discharged, bill amended, ordered reprinted as
  amended and recommitted to said committee

AN ACT to amend the retirement and social security law, in  relation  to
  authorizing  retired firefighters to be employed as instructor 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:
  S  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.
  S 2. This act shall take effect immediately.
  FISCAL NOTE. -- Pursuant to Legislative Law, Section 50:
  This  bill  will  allow retired firefighters of the New York State and
Local Police and Fire Retirement  System  or  the  New  York  City  Fire
Department  Pension  Fund  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.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02174-03-6
              

S. 2747--A                          2

  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. There would be negligible additional annual 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, 2015  actuarial  valu-
ation.    Distributions  and  other  statistics can be found in the 2015
Report of the  Actuary  and  the  2015  Comprehensive  Annual  Financial
Report.
  The  actuarial  assumptions and methods used are described in the 2015
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, 2015
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  January  26,  2016,  and intended for use only
during the  2016  Legislative  Session,  is  Fiscal  Note  No.  2016-43,
prepared  by  the  Actuary  for  the New York State and Local Retirement
System.