S T A T E O F N E W Y O R K
________________________________________________________________________
6684
I N S E N A T E
February 27, 2014
___________
Introduced by Sen. GOLDEN -- read twice and ordered printed, and when
printed to be committed to the Committee on Finance
AN ACT to amend the state finance law, in relation to establishing
employee representative participation on the city of New York deferred
compensation plan board
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 5 of section 5 of the state finance law, as
amended by chapter 768 of the laws of 1984, is amended as follows:
5. Should a public employer elect to provide or elect to participate
in a deferred compensation plan for employees otherwise eligible to
participate in the plan, employees in a negotiating unit represented by
an employee organization which negotiates pursuant to article fourteen
of the civil service law shall not be permitted to participate under the
provisions of this section until such time as such participation is
authorized pursuant to a collectively negotiated agreement between the
public employer and the employee organization; provided, however, that
the public employer need only negotiate whether or not such employees
shall be included in such plan. NOTWITHSTANDING THE OTHER PROVISIONS OF
THIS SECTION, THE BOARD OF ANY DEFERRED COMPENSATION PLAN ESTABLISHED BY
THE CITY OF NEW YORK SHALL INCLUDE AN EQUAL NUMBER OF EMPLOYER AND UNION
REPRESENTATIVES. THE UNION REPRESENTATIVES SHALL BE SELECTED BY THE
CHAIR OF THE MUNICIPAL LABOR COMMITTEE AS THAT TERM IS DEFINED BY SUBDI-
VISION K OF SECTION 12-303 OF THE ADMINISTRATIVE CODE OF THE CITY OF NEW
YORK. ANY ACT OF THE BOARD SHALL BE APPROVED BY A MAJORITY OF MEMBERS.
THE CONCURRENCE OF ONE UNION REPRESENTATIVE AND ONE EMPLOYER REPRESEN-
TATIVE SHALL BE NECESSARY FOR ANY ACT OF SUCH BOARD.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10427-02-3