senate Bill S4484

Prohibits bonuses for employees, officers and members of governing boards of state authorities who are members of the New York State retirement system

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Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 06 / Apr / 2011
    • REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
  • 18 / May / 2011
    • REPORTED AND COMMITTED TO FINANCE
  • 04 / Jan / 2012
    • REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

Summary

Prohibits bonuses for employees, officers and members of governing boards of state authorities who are members of the New York State retirement system, as a result of or by virtue of employment or membership in the public authority.

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Bill Details

Versions:
S4484
Legislative Cycle:
2011-2012
Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Add ยง2854, Pub Auth L

Votes

5
0
5
Aye
0
Nay
1
aye with reservations
0
absent
0
excused
0
abstained
show Corporations, Authorities and Commissions committee vote details

Sponsor Memo

BILL NUMBER:S4484

TITLE OF BILL:
An act
to amend the public authorities law, in relation to prohibiting bonuses
for employees, officers and members of governing boards of state
authorities who are members of the New York State retirement system

PURPOSE OR GENERAL IDEA OF BILL:
The purpose of the bill is to remove
the ability of public authorities to pay bonuses to employees,
officers or members of governing boards who participate in the New
York State retirement system as a result of their association with
such public authority.

SUMMARY OF SPECIFIC PROVISIONS:
Section One - adds a section 2854
of the Public Authorities Law that prohibit the payment of bonuses of
any nature to any employee, officer or member of a governing board of
a state agency who is a member of the New York State retirement
system as a result or by virtue of employment or membership in the
state authority.

Section Two - Effective date.

JUSTIFICATION:
Recent articles have reported New York State Public
Authorities paying bonuses on top of lucrative salaries and other
benefits, including participation in the state retirement system.
While bonuses may be appropriate in the private sector, taking into
account the state retirement benefits that are not available to
employees in the private sector, in times of fiscal crisis, state
authorities should not be authorizing bonuses.

PRIOR LEGISLATIVE HISTORY:
New bill.

FISCAL IMPLICATIONS:
This bill would lead to cost savings for the state and state agencies.

EFFECTIVE DATE:
This act shall take effect immediately.

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

                                  4484

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              April 6, 2011
                               ___________

Introduced by Sens. RANZENHOFER, DeFRANCISCO, JOHNSON, LARKIN, LIBOUS --
  read  twice  and  ordered printed, and when printed to be committed to
  the Committee on Corporations, Authorities and Commissions

AN ACT to amend the public authorities law, in relation  to  prohibiting
  bonuses  for  employees,  officers  and members of governing boards of
  state authorities who are members of the  New  York  State  retirement
  system

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The public authorities law  is  amended  by  adding  a  new
section 2854 to read as follows:
  S 2854. PROHIBITION ON PAYMENT OF BONUSES FOR CERTAIN EMPLOYEES, OFFI-
CERS  AND  MEMBERS  OF GOVERNING BOARDS. NO BONUS OF ANY NATURE SHALL BE
PAID TO ANY EMPLOYEE, OFFICER OR MEMBER OF A GOVERNING BOARD OF A  STATE
AUTHORITY  WHO IS A MEMBER OF THE NEW YORK STATE RETIREMENT SYSTEM, AS A
RESULT OF OR BY VIRTUE OF EMPLOYMENT OR MEMBERSHIP IN THE STATE AUTHORI-
TY.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09956-01-1

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