senate Bill S549

2013-2014 Legislative Session

Creates and allows funding for post-employment benefit reserve funds

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Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to local government
Jan 09, 2013 referred to local government

S549 - Details

See Assembly Version of this Bill:
A1814
Current Committee:
Law Section:
General Municipal Law
Laws Affected:
Add §6-a, amd §6-j, Gen Muni L
Versions Introduced in 2011-2012 Legislative Session:
S6025, A7754

S549 - Summary

Relates to creating funding for post-employment benefit reserve funds.

S549 - Sponsor Memo

S549 - Bill Text download pdf

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

                                   549

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by Sen. GRISANTI -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

AN ACT to amend the general municipal law, in relation to  the  creation
  and  funding  of  other  post-employment  benefit  reserve  funds, and
  extending to boards of cooperative educational services the  authority
  to create and maintain workers' compensation reserve funds

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

  Section 1. The general municipal  law  is  amended  by  adding  a  new
section 6-a to read as follows:
  S 6-A. OTHER POST-EMPLOYMENT BENEFIT RESERVE FUNDS. 1. AS USED IN THIS
SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS:
  A.  "MUNICIPAL  CORPORATION"  MEANS  (I)  A  MUNICIPAL  CORPORATION AS
DEFINED IN SECTION TWO OF THIS CHAPTER; (II) A SCHOOL DISTRICT (EXCEPT A
SCHOOL DISTRICT IN A CITY WITH A POPULATION OF ONE  HUNDRED  TWENTY-FIVE
THOUSAND  OR  MORE);  (III) A BOARD OF COOPERATIVE EDUCATIONAL SERVICES;
(IV) FIRE DISTRICT; (V) DISTRICT CORPORATION; (VI) POLICE DISTRICT;  AND
(VII)  SPECIAL  IMPROVEMENT  DISTRICT  GOVERNED  BY  A SEPARATE BOARD OF
COMMISSIONERS.
  B. "OTHER POST-EMPLOYMENT BENEFIT" MEANS  ANY  BENEFIT  OTHER  THAN  A
PENSION  BENEFIT  THAT A MUNICIPAL CORPORATION IS OBLIGATED BY CONTRACT,
LOCAL LAW, OR STATUTE TO PAY TO, OR  ON  BEHALF  OF,  AN  INDIVIDUAL  ON
ACCOUNT  OF  THAT  INDIVIDUAL'S PRIOR EMPLOYMENT BY THE MUNICIPAL CORPO-
RATION, INCLUDING POST-EMPLOYMENT HEALTHCARE BENEFITS, REGARDLESS OF THE
TYPE OF PLAN THAT PROVIDES THEM, BUT EXCLUDING TERMINATION BENEFITS SUCH
AS THOSE DESCRIBED IN SECTION SIX-P OF THIS ARTICLE.
  C. "PARTICIPATING EMPLOYER" MEANS A PARTICIPATING EMPLOYER AS  DEFINED
IN  EITHER SUBDIVISION TWENTY OF SECTION TWO OR IN SUBDIVISION TWENTY OF
SECTION THREE HUNDRED TWO OF THE RETIREMENT AND SOCIAL SECURITY LAW.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03159-01-3

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