senate Bill S2422

Directs the commissioner of labor to study the feasibility of developing and implementing an insurance plan to provide benefits to certain unemployed persons

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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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  • 17 / Jan / 2013
    • REFERRED TO LABOR

Summary

Directs the commissioner of labor, in consultation with the superintendent of financial services, to study the feasibility of developing and implementing an insurance plan funded through payroll deductions to provide benefits to unemployed persons upon the expiration of unemployment benefits; requires report to the governor and the legislature after one year.

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Bill Details

See Assembly Version of this Bill:
A3130
Versions:
S2422
Legislative Cycle:
2013-2014
Current Committee:
Senate Labor
Law Section:
Labor
Versions Introduced in Previous Legislative Cycles:
2011-2012: S3933, A3810
2009-2010: S3558, A6869

Sponsor Memo

BILL NUMBER:S2422

TITLE OF BILL:
An act
to direct the commissioner of labor, in consultation
with the superintendent of financial services,
to study the feasibility of
developing and implementing an insurance plan to provide benefits to
unemployed persons upon the expiration of unemployment benefits; and
providing for the repeal of such provisions upon expiration thereof

PURPOSE OR GENERAL IDEA OF BILL:
Authorizes the commissioner of labor to study the feasibility of
developing an insurance plan for unemployed youth and those
unemployed who have to seek public assistance.

SUMMARY OF SPECIFIC PROVISIONS:

JUSTIFICATION:
The continuous downsizing of employees by the public and private
sectors has created great concerns relative to long term stability in
employment. A recent study indicated that projected job employment
for persons under age 40 will average 4 1/2 years per employment
placement. This employment instability is further aggravated by
actual and projected exportation of domestic jobs.

This legislation responds to the urgent need to create an insurance
plan that addresses the real problems of the modern workforce. Such a
plan would lessen the burden of public support, and provide for the
stable financial management of dislocated employees. Said insurance
plan would trigger upon the expiration of unemployment benefits if
the condition prevails. contributions to the insurance program would
derive from deductions through employees' salaries. Such deductions
would be no more than 10% of annual salary. Unspent accounts would be
refunded after 55.
The thrust of this legislation is to authorize the commissioner to
develop a feasibility study of an insurance plan which will provide
employees with insurance against job insecurity.

PRIOR LEGISLATIVE HISTORY:
2010: S.3558 Held in Labor

FISCAL IMPLICATIONS:
Minimal cost to the state. In the long term, more unemployed people
will have a personal insurance fund to access instead of resorting to
public assistance.

EFFECTIVE DATE:
This act shall take effect immediately, with provisions.

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

                                  2422

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 17, 2013
                               ___________

Introduced  by  Sen.  ADAMS  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Labor

AN ACT to direct the commissioner of labor,  in  consultation  with  the
  superintendent  of  financial  services,  to  study the feasibility of
  developing and implementing an insurance plan to provide  benefits  to
  unemployed  persons  upon the expiration of unemployment benefits; and
  providing for the repeal of such provisions upon expiration thereof

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

  Section  1. Legislative intent. The legislature finds that the contin-
uous downsizing of employees by  the  public  and  private  sectors  has
created  great concerns relative to long term stability in employment. A
recent study indicates that projected job employment for  persons  under
age forty will average four and one-half years per employment placement.
This employment instability is further aggravated by actual and project-
ed exportation of domestic jobs.
  The  legislature further finds that state government officials regard-
less of political party affiliation have all expressed concern  relative
to  payment  of  persons  on the public assistance rolls, and have urged
various "workfare not welfare" programs. It is clear  that  this  recent
employment   enigma   can  only  further  exacerbate  this  unemployment
discussion.
  Accordingly it is prudent that the state  develop  an  insurance  plan
that  provides for persons who may encounter such an employment predica-
ment.   Such a plan would lessen  the  burden  of  public  support,  and
provide  for  the  stable  financial management of dislocated employees.
Such insurance plan would provide benefits upon the expiration of  unem-
ployment  benefits if the unemployment condition prevails. Contributions
to the insurance program would derive from deductions through employees'
salaries. Such deductions would be no more than ten  percent  of  annual
salary. Unspent accounts would be refunded after an employee attains the

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06049-01-3

S. 2422                             2

age  of fifty-five. The intent of this legislation is to provide employ-
ees with insurance against job insecurity.
  S  2.  The commissioner of labor, in consultation with the superinten-
dent of financial services, shall study the  feasibility  of  developing
and  implementing  an  insurance  plan to provide benefits to unemployed
persons upon the expiration of unemployment benefits. Such  study  shall
include:
  1.  the  manner in which insurance premiums shall be paid to such plan
including payroll deductions from employee salaries;
  2. the amount of such payroll deductions not exceeding ten percent  of
such employee salaries;
  3.  a mechanism to refund to employees premiums paid by employees that
were not paid on such employees' behalf; and
  4. any other information that the commissioner of labor deems relevant
and necessary.
  S 3. A report of the findings of such study,  recommendations  of  the
commissioner  of  labor and any proposed legislation necessary to imple-
ment such findings shall be filed with the governor, the temporary pres-
ident of the senate and the speaker of  the  assembly  within  one  year
after the effective date of this act.
  S  4.  This  act shall take effect immediately and shall expire and be
deemed repealed one year after such date.

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