Senate Bill S4484

2011-2012 Legislative Session

Prohibits bonuses for employees, officers and members of governing boards of state authorities who are members of the New York State retirement system

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Sponsored By

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

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2011-S4484 (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:
2013-2014: S2500
2015-2016: S3601

2011-S4484 (ACTIVE) - Summary

Prohibits bonuses for employees, officers and members of governing boards of state authorities who are members of the New York State retirement system, as a result of or by virtue of employment or membership in the public authority.

2011-S4484 (ACTIVE) - Sponsor Memo

2011-S4484 (ACTIVE) - Bill Text download pdf 

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

                                  4484

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              April 6, 2011
                               ___________

Introduced by Sens. RANZENHOFER, DeFRANCISCO, JOHNSON, 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.
                                                           LBD09956-01-1

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