Senate Bill S4907

Vetoed By Governor
2013-2014 Legislative Session

Provides that the board of any deferred compensation plan established by NYC shall include an equal number of employer and union representatives

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A6867 - Vetoed by Governor

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Vetoed By Governor
  • Signed By Governor

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2013-S4907 (ACTIVE) - Details

See Assembly Version of this Bill:
A6867
Law Section:
State Finance Law
Laws Affected:
Amd §5, St Fin L

2013-S4907 (ACTIVE) - Summary

Provides that the board of any deferred compensation plan established by NYC shall include an equal number of employer and union representatives; any act of the board shall be approved by a majority of the members with concurrence of one union and one employer representative.

2013-S4907 (ACTIVE) - Sponsor Memo

2013-S4907 (ACTIVE) - Bill Text download pdf 

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

                                  4907

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               May 1, 2013
                               ___________

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

AN ACT to amend the state  finance  law,  in  relation  to  establishing
  employee representative participation on the city of New York deferred
  compensation plan board

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

  Section 1. Subdivision 5 of section 5  of the state  finance  law,  as
amended by chapter 768 of the laws of 1984, is amended as follows:
  5.  Should  a public employer elect to provide or elect to participate
in a deferred compensation plan  for  employees  otherwise  eligible  to
participate  in the plan, employees in a negotiating unit represented by
an employee organization which negotiates pursuant to  article  fourteen
of the civil service law shall not be permitted to participate under the
provisions  of  this  section  until  such time as such participation is
authorized pursuant to a collectively negotiated agreement  between  the
public  employer  and the employee organization; provided, however, that
the public employer need only negotiate whether or  not  such  employees
shall be included in such plan.  NOTWITHSTANDING THE OTHER PROVISIONS OF
THIS SECTION, THE BOARD OF ANY DEFERRED COMPENSATION PLAN ESTABLISHED BY
THE CITY OF NEW YORK SHALL INCLUDE AN EQUAL NUMBER OF EMPLOYER AND UNION
REPRESENTATIVES.    THE  UNION  REPRESENTATIVES SHALL BE SELECTED BY THE
CHAIR OF THE MUNICIPAL LABOR COMMITTEE AS THAT TERM IS DEFINED BY SUBDI-
VISION K OF SECTION 12-303 OF THE ADMINISTRATIVE CODE OF THE CITY OF NEW
YORK. ANY ACT OF THE BOARD SHALL  BE APPROVED BY A MAJORITY OF  MEMBERS.
THE  CONCURRENCE  OF ONE UNION REPRESENTATIVE AND ONE EMPLOYER REPRESEN-
TATIVE SHALL BE NECESSARY FOR ANY ACT OF SUCH BOARD.
  S 2. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10427-02-3

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