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.
- Feb 23, 2012: REFERRED TO LABOR
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.
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