Provides that the reduction in unemployment benefits for a claimant who is retiring shall not apply to benefits which when paid will be chargeable to the account held by multiple employers who provided the pension or retirement benefit.

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S6529-2011 Actions

• Feb 23, 2012: REFERRED TO LABOR

S6529-2011 Memo

BILL NUMBER:S6529

TITLE OF BILL:
An act to amend the labor law, in relation to the reduction of unemploy-
ment benefits

PURPOSE OR GENERAL IDEA OF BILL:
To expand the provision that exempts some unemployment insurance recipi-
ents from certain pension or retirement benefit reductions.

SUMMARY OF SPECIFIC PROVISIONS:
Section  1  would  waive  the unemployment insurance reduction for unem-
ployed who receive pension  or  retirement  benefits  chargeable  to  an
account held by multiple employers.

JUSTIFICATION:
Many  workers who receive a pension from various sources are affected by
a reduction to their unemployment  insurance.  This  bill  would  change
that.  It  is  unfair  for  the law to apply differently based solely on
whether one's pension is funded by one or multiple employers.

PRIOR LEGISLATIVE HISTORY:
New Bill.

FISCAL IMPLICATIONS:
To be determined.

EFFECTIVE DATE:
90 days; applies to payment made on or after it takes effect.

S6529-2011 Text

                      S T A T E   O F   N E W   Y O R K
  ________________________________________________________________________

                                    6529

                              I N  SENATE

                              February 23, 2012
                                 ___________

  Introduced  by  Sen.  GOLDEN -- 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 the reduction of unemploy-
    ment benefits

    THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
  BLY, DO ENACT AS FOLLOWS:


    Section  1. Subdivision 2 of section 600 of the labor law, as added by
  chapter 793 of the laws of 1963, is amended to read as follows:

    2. Application. The reduction shall apply only to benefits which  when
  paid  will be chargeable to the account of the employer who provided the
  pension or retirement benefit, AND THE  REDUCTION  SHALL  NOT  APPLY  TO
  BENEFITS  WHICH  WHEN  PAID  WILL  BE  CHARGEABLE TO THE ACCOUNT HELD BY
  MULTIPLE EMPLOYERS WHO PROVIDED THE PENSION OR RETIREMENT BENEFIT.
    S 2. This act shall take effect on the ninetieth day  after  it  shall
  have  become  a law and shall apply to benefits payable on or after that
  date.







   EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                        [ ] is old law to be omitted.
                                                             LBD13445-01-1