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Assembly Bill A8877

2009-2010 Legislative Session

Relates to unclaimed wages

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Archive: Last Bill Status - In Assembly Committee

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2009-A8877 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Abandoned Property Law
Laws Affected:
Amd §1308, Ab Prop L; add §195-a, Lab L

2009-A8877 (ACTIVE) - Summary

Relates to unclaimed wages; provides that unclaimed wages become abandoned property after one year.

2009-A8877 (ACTIVE) - Sponsor Memo

2009-A8877 (ACTIVE) - Bill Text download pdf 

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

                                  8877

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                              June 12, 2009
                               ___________

Introduced by M. of A. ALESSI -- read once and referred to the Committee
  on Ways and Means

AN  ACT  to  amend  the  abandoned  property  law  and the labor law, in
  relation to unclaimed wages

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

  Section  1.  Section  1308  of the abandoned property law, as added by
chapter 526 of the laws of 1944, is amended to read as follows:
  S 1308. Unclaimed wages.   1. Any money  [received  from  or  for  the
account of an employer and held or owing by the department of labor] DUE
TO  AN  EMPLOYEE  AS  DEFINED  BY SUBDIVISION FIVE OF SECTION TWO OF THE
LABOR LAW for the  payment  of  compensation  for  services  theretofore
performed  by  employees  or  former  employees of [such] AN employer AS
DEFINED BY SUBDIVISION SIX OF SECTION TWO OF THE LABOR LAW, which  shall
have remained unclaimed by such employee for a period of one year [after
receipt thereof by such department,] shall be deemed abandoned property.
  2.  [On  or  before  the  first day of May in each year the industrial
commissioner] ALL EMPLOYERS shall pay over to the state comptroller  for
credit to the abandoned property fund all such property which shall have
become abandoned [prior to the first day of the preceding month].
  3. Such payment to the comptroller shall be accompanied by a statement
setting forth:
  (a)  The name and last known address of each employee entitled to such
abandoned property and the amount to which such employee is entitled.
  (b) The name of the employer and his or its last known address.
  (c) The period  of  employment  during  which  such  salary  or  wages
accrued.
  (d)  Such  other  identifying information as the state comptroller may
require.
  S 2. The labor law is amended by adding a new section 195-a to read as
follows:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14235-01-9

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