Assembly Bill A1434

2015-2016 Legislative Session

Creates other post-employment benefit reserve funds; repealer

download bill text pdf

Sponsored By

Archive: Last 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

co-Sponsors

multi-Sponsors

2015-A1434 (ACTIVE) - Details

Current Committee:
Assembly Education
Law Section:
General Municipal Law
Laws Affected:
Add §6-t, rpld §6-p subs 10 & 11, Gen Muni L; amd §1950, Ed L
Versions Introduced in Other Legislative Sessions:
2013-2014: A6436
2017-2018: A9710
2019-2020: A6100
2021-2022: A6024
2023-2024: A2854

2015-A1434 (ACTIVE) - Summary

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

2015-A1434 (ACTIVE) - Bill Text download pdf

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

                                  1434

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            January 12, 2015
                               ___________

Introduced  by M. of A. JAFFEE, CAHILL -- Multi-Sponsored by -- M. of A.
  CROUCH, SOLAGES -- read once and referred to the Committee  on  Educa-
  tion

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-t to read as follows:
  S 6-T. 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 AN  OTHER  POST-EMPLOYMENT  BENEFIT  RESERVE
FUND:
  (A)  SUCH  AMOUNTS  AS MAY BE PROVIDED THEREFOR BY BUDGETARY APPROPRI-
ATION OR RAISED BY TAX THEREFOR;

              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. 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.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.