Credit SUNY Police Service

Section 1. Paragraph 2 of subdivision c of section 381-b of the retirement and social security law, as added by chapter 581 of the laws of 2001, is amended to read as follows:

(2) State university police officer service. Upon completion of more than twenty years of service, and upon retirement, each such member who was previously credited with service credit in the New York state and local employees' retirement system or the New York state and local police and fire retirement system as an officer appointed by the state university pursuant to paragraph l of subdivision two of section three hundred fifty-five of the education law and who has successfully completed a course of law enforcement training as provided in such section of the education law or for any such officer who retires on and after January first, two thousand eighteen who has successfully completed such course of law enforcement training within two years of his or her date of appointment shall receive for each such year of previous service, up to a total of no greater than five years of previous service, additional service credit equal to one-sixtieth of his or her final average salary.

§ 2. This act shall take effect immediately.

FISCAL NOTE.-- Pursuant to Legislative Law, Section 50:

This bill would allow up to five (5) years of previous service

rendered as a police officer appointed by SUNY, pursuant to Section 355

of the Education Law, to be creditable service under Section 381-b of

the Retirement and Social Security Law for certain members who retire on

EXPLANATION--Matter in italics (underscored) is new; matter in brackets

[ ] is old law to be omitted.

LBD10817-02-7

S. 5948 2

or after January 1, 2018, if such police officer had completed a course

of law enforcement training within two years of his or her date of

appointment. Currently such course must be completed within one year of

his or her date of appointment. Upon completion of more than twenty (20)

years of service and upon retirement, an affected member would receive

one-sixtieth of final average salary for each such year of state univer-

sity police officer service.

In addition this bill makes a technical amendment to reflect that most

current State University police officers are members of the New York

State and local police and fire retirement system due to Chapter 561 of

the laws of 2015.

If this legislation is enacted during the 2017 legislative session, we

anticipate that there will be no additional 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, 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 March 28, 2017, and intended for use only during

the 2017 Legislative Session, is Fiscal Note No. 2017-77, prepared by

the Actuary for the New York State and Local Retirement System.