Senate Bill S346

2023-2024 Legislative Session

Relates to requiring new employees to be provided certain information relating to student loan repayment information

download bill text pdf

Sponsored By

Current Bill Status - In Assembly 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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2023-S346 (ACTIVE) - Details

See Assembly Version of this Bill:
A1873
Current Committee:
Assembly Banks
Law Section:
Labor Law
Laws Affected:
Add §217-a, Lab L
Versions Introduced in Other Legislative Sessions:
2019-2020: S5048, A7918
2021-2022: S859, A3495

2023-S346 (ACTIVE) - Summary

Directs the development of materials to be provided to new employees relating to student loan repayment information.

2023-S346 (ACTIVE) - Sponsor Memo

2023-S346 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    346
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                                (PREFILED)
 
                              January 4, 2023
                                ___________
 
 Introduced  by  Sens.  GOUNARDES,  ADDABBO, JACKSON, MAY, THOMAS -- read
   twice and ordered printed, and when printed to  be  committed  to  the
   Committee on Labor
 
 AN  ACT  to  amend  the labor law, in relation to student loan repayment
   information

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The labor law is amended by adding a new section 217-a to
 read as follows:
   § 217-A. STUDENT LOAN REPAYMENT INFORMATION TO  BE  PROVIDED.  1.  THE
 COMMISSIONER, IN CONSULTATION WITH THE PRESIDENT OF THE HIGHER EDUCATION
 SERVICES  CORPORATION,  AND  THE  SUPERINTENDENT  OF FINANCIAL SERVICES,
 SHALL DEVELOP A NOTICE, PAMPHLET OR OTHER  WRITTEN  MATERIALS  REGARDING
 RESPONSIBILITIES AND REPAYMENT OPTIONS FOR STUDENT LOANS. SUCH MATERIALS
 SHALL  INCLUDE  INFORMATION  ABOUT CONSOLIDATION AND ALTERNATIVE FEDERAL
 STUDENT LOAN REPAYMENT PLANS, INCLUDING INCOME-BASED PROGRAMS,  THAT  DO
 NOT  REQUIRE  CONSOLIDATING  EXISTING FEDERAL STUDENT LOANS, THAT MAY BE
 AVAILABLE TO BORROWERS. SUCH MATERIALS SHALL ALSO PROVIDE  DIRECTION  TO
 ADDITIONAL  RESOURCES INCLUDING THE WEBSITE FOR THE DEPARTMENT OF FINAN-
 CIAL SERVICES' STUDENT LENDING RESOURCE CENTER.    ADDITIONAL  MATERIALS
 SHALL  BE  DEVELOPED  IN  THE  SAME MANNER REGARDING PUBLIC SERVICE LOAN
 FORGIVENESS OR REPAYMENT PROGRAMS.
   2. EVERY EMPLOYER IN THE STATE  SHALL  PROVIDE  UPON  HIRING,  TO  ANY
 PERSON  HIRED  FOR A POST-GRADUATE INTERNSHIP OR AN ENTRY-LEVEL POSITION
 OF EMPLOYMENT THAT REQUIRES AN ASSOCIATE'S DEGREE OR HIGHER, ON OR AFTER
 THE EFFECTIVE DATE OF THIS SECTION A NOTICE WITH REGARD TO REPAYMENT  OF
 STUDENT  LOANS  DEVELOPED IN ACCORDANCE WITH THIS SECTION, PROVIDED THAT
 PUBLIC EMPLOYERS SHALL ADDITIONALLY PROVIDE A  NOTICE  REGARDING  PUBLIC
 SERVICE LOAN FORGIVENESS OR REPAYMENT PROGRAMS.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01506-01-3

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