Bill > A07455

This bill amends the Retirement and Social Security Law to allow retired firefighters to be employed as instructors of fire sciences by a career and technical education center without a reduction in their retirement benefits. Normally, retirees' pensions can be suspended or reduced if they earn more than $35,000 from post-retirement employment. This bill exempts retired firefighters hired as fire science instructors from that limitation, allowing them to receive their full pension benefits in addition to their instructor's salary. The fiscal note indicates that the costs associated with this change would be shared by the state and participating employers in the New York State and Local Retirement System, with the increases primarily attributable to retirees from Tiers 1-4 and approximately half the costs collected on salary reported for current Tier 6 members.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2023/A7455