S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4479
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             February 15, 2017
                                ___________
 
 Introduced by Sens. LARKIN, AKSHAR, BONACIC, DeFRANCISCO, ROBACH -- 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 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:
   §  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.--This bill will allow 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.
   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:
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD03657-02-7

 S. 4479                             2
 
   The  membership  data  used  in  measuring  the impact of the proposed
 change was the same as that used in the March 31, 2016  actuarial  valu-
 ation.    Distributions  and  other  statistics can be found in the 2016
 Report of the  Actuary  and  the  2016  Comprehensive  Annual  Financial
 Report.
   The  actuarial  assumptions and methods used are described in the 2015
 and 2016 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, 2016
 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  19,  2017,  and intended for use only
 during the  2017  Legislative  Session,  is  Fiscal  Note  No.  2017-36,
 prepared  by  the  Actuary  for  the New York State and Local Retirement
 System.