Senate Bill S2500

2013-2014 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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2013-S2500 (ACTIVE) - Details

Current Committee:
Senate Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Add §2854, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2011-2012: S4484
2015-2016: S3601

2013-S2500 (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.

2013-S2500 (ACTIVE) - Sponsor Memo

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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