Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2014 |
referred to corporations, authorities and commissions |
Jan 18, 2013 |
referred to corporations, authorities and commissions |
Senate Bill S2500
2013-2014 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
(R, C, IP) Senate District
(R, C) Senate District
(R, C, IP) Senate District
2013-S2500 (ACTIVE) - Details
- Current Committee:
- Senate Corporations, Authorities And Commissions
- Law Section:
- Public Authorities Law
- Laws Affected:
- Add ยง2854, Pub Auth L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S4484
2015-2016: S3601
2013-S2500 (ACTIVE) - Sponsor Memo
BILL NUMBER:S2500 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
2013-S2500 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2500 2013-2014 Regular Sessions I N S E N A T E January 18, 2013 ___________ Introduced by Sens. RANZENHOFER, DeFRANCISCO, 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. LBD05163-01-3
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