Senate Bill S2685

2021-2022 Legislative Session

Creates other post-employment benefit reserve funds; repealer

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Local Government 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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2021-S2685 (ACTIVE) - Details

See Assembly Version of this Bill:
A6024
Current Committee:
Senate Local Government
Law Section:
General Municipal Law
Laws Affected:
Add §6-w, rpld §6-p subs 10 & 11, Gen Muni L; amd §1950, Ed L
Versions Introduced in Other Legislative Sessions:
2013-2014: A6436
2015-2016: A1434
2017-2018: A9710
2019-2020: S5641, A6100
2023-2024: A2854

2021-S2685 (ACTIVE) - Summary

Creates other post-employment benefit reserve funds; defines terms.

2021-S2685 (ACTIVE) - Sponsor Memo

2021-S2685 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2685
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 22, 2021
                                ___________
 
 Introduced  by  Sen.  BROOKS -- 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  and  the  education  law,  in
   relation  to the creation and funding of other post-employment benefit
   reserve funds; and to repeal certain provisions of the general munici-
   pal law relating thereto
 
   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-w to read as follows:
   § 6-W. OTHER POST-EMPLOYMENT BENEFIT RESERVE FUNDS. 1. AS USED IN THIS
 SECTION:
   (A) "MUNICIPAL CORPORATION" MEANS A SCHOOL DISTRICT (EXCEPT  A  SCHOOL
 DISTRICT IN A CITY WITH A POPULATION OF ONE HUNDRED TWENTY-FIVE THOUSAND
 OR MORE) OR A BOARD OF COOPERATIVE EDUCATIONAL SERVICES.
   (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  SUBDIVISION TWENTY OF SECTION TWO OF THE RETIREMENT AND SOCIAL SECU-
 RITY LAW OR IN SUBDIVISION TWENTY OF SECTION THREE HUNDRED TWO  OF  SUCH
 LAW.
   2.  THE  GOVERNING  BOARD OF ANY MUNICIPAL CORPORATION WHICH IS ALSO A
 PARTICIPATING EMPLOYER MAY ESTABLISH BY RESOLUTION A  RESERVE  FUND  FOR
 THE PURPOSE OF FINANCING OTHER POST-EMPLOYMENT BENEFITS.
   3.  THERE  MAY  BE  PAID  INTO ANOTHER POST-EMPLOYMENT BENEFIT RESERVE
 FUND:
   (A) SUCH AMOUNTS AS MAY BE PROVIDED THEREFOR  BY  BUDGETARY  APPROPRI-
 ATION OR RAISED BY TAX THEREFOR;
 
              

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