|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to local government|
|Jan 09, 2013||referred to local government|
senate Bill S549
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S549 - Details
S549 - Sponsor Memo
BILL NUMBER:S549 TITLE OF BILL: 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 PURPOSE OR GENERAL IDEA OF BILL: Extend to boards of cooperative educational services the authority to create a reserve fund to pay for post-retiree benefits. SUMMARY OF SPECIFIC PROVISIONS: Section 1: A new section 6-a is added to the general municipal law. Section 2: Section 6-j of the general municipal law is amended to add "board of cooperative educational services" to the list of entities currently authorized to establish a reserve fund: municipal corporations, school districts and fire districts. JUSTIFICATION: There is currently no specific legislative authorization for a BOCES to set aside money to pay the accrued liability for retiree health insurance-as has been recommended by the Comptroller.
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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