S T A T E O F N E W Y O R K
________________________________________________________________________
1590
2011-2012 Regular Sessions
I N S E N A T E
January 10, 2011
___________
Introduced by Sens. OPPENHEIMER, DIAZ, MONTGOMERY -- read twice and
ordered printed, and when printed to be committed to the Committee on
Civil Service and Pensions
AN ACT to amend the general municipal law, in relation to authorizing
school districts and boards of cooperative educational services to
establish retirement contribution reserve funds for the purposes of
the New York state teachers' retirement system
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraphs b and c of subdivision 1 of section 6-r of the
general municipal law, as added by chapter 260 of the laws of 2004, are
amended to read as follows:
b. "Participating employer" means: (I) a participating employer as
defined in subdivision twenty of section two of the retirement and
social security law or in subdivision twenty of section three hundred
two of such law; OR (II) AN EMPLOYER AS DEFINED IN SUBDIVISION THREE OF
SECTION FIVE HUNDRED ONE OF THE EDUCATION LAW.
c. "Retirement contribution" shall mean all or any portion of the
amount payable by a municipal corporation to: (I) either the New York
state and local employees' retirement system or the New York state and
local police and fire retirement system pursuant to section seventeen or
three hundred seventeen of the retirement and social security law; OR
(II) THE NEW YORK STATE TEACHERS' RETIREMENT SYSTEM PURSUANT TO SECTION
FIVE HUNDRED TWENTY-ONE OF THE EDUCATION LAW.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05293-01-1