|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to local government|
returned to senate
died in assembly
|Apr 15, 2013||referred to education|
delivered to assembly
|Feb 12, 2013||advanced to third reading|
|Feb 11, 2013||2nd report cal.|
|Feb 05, 2013||1st report cal.44|
|Jan 09, 2013||referred to local government|
senate Bill S986
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S986 - Details
S986 - Summary
Authorizes the board of cooperative educational services of Nassau county to maintain funds in an employee benefit accrued liability reserve fund.
S986 - Sponsor Memo
BILL NUMBER:S986 TITLE OF BILL: An act in relation to authorizing the board of cooperative educational services of Nassau County to maintain funds in an employee benefit accrued liability reserve fund PURPOSE: The purpose of this bill is to authorize the Board of Cooperative Educational Services of Nassau County to maintain excess funds contained within an employee benefit accrued liability reserve fund (EBALR) provided such funds are retained for payment of other post-employment benefits. SUMMARY OF SPECIFIC PROVISIONS: Section 1 of the bill authorizes the BOCES of Nassau County to maintain excess EBALR funds provided they are retained to make future payments related to other post employment benefits of their employees. The bill further provides that the chief fiscal officer of BOCES shall account for these funds in a separate fund. JUSTIFICATION: BOCES are authorized pursuant to Section 6-p of the
S986 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 986 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ Introduced by Sen. MARTINS -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT in relation to authorizing the board of cooperative educational services of Nassau County to maintain funds in an employee benefit accrued liability reserve fund THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Notwithstanding any other provision of law to the contra- ry, the board of cooperative educational services of Nassau county is hereby authorized to maintain funds in an employee benefit accrued liability reserve fund created pursuant to the provisions of section 6-p of the general municipal law which are in excess of the sum sufficient to pay all liabilities incurred or accrued against it for the purposes authorized pursuant to section 6-p of the general municipal law. Notwithstanding any other provision of law to the contrary, such excess funds may be retained and expended for the payment of other post-employ- ment benefits, except pensions or other benefits funded through a public retirement system, provided pursuant to state statute, local enactment, contract or other unlawful authority to former or current officers or employees or their families or beneficiaries after service at the board of cooperative educational services of Nassau county has ended such post-employment benefits shall include but not be limited to health care benefits. The chief fiscal officer of the board of cooperative educational services of Nassau county shall account for such excess funds retained pursuant to this act separate and apart from all other funds retained in the employee benefit accrued liability reserve fund. Such accounting shall show: the source, the date and amount of each sum paid into the employee benefit accrued liability reserve fund which were excess of liabilities needed to fulfill the provisions of section 6-p of the EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.
By contributing or voting you agree to the Terms of Participation and verify you are over 13.