Bill S2422-2013

Directs the commissioner of labor to study the feasibility of developing and implementing an insurance plan to provide benefits to certain unemployed persons

Directs the commissioner of labor, in consultation with the superintendent of financial services, to study the feasibility of developing and implementing an insurance plan funded through payroll deductions to provide benefits to unemployed persons upon the expiration of unemployment benefits; requires report to the governor and the legislature after one year.

Details

Actions

  • Jan 17, 2013: REFERRED TO LABOR

Memo

BILL NUMBER:S2422

TITLE OF BILL: An act to direct the commissioner of labor, in consultation with the superintendent of financial services, to study the feasibility of developing and implementing an insurance plan to provide benefits to unemployed persons upon the expiration of unemployment benefits; and providing for the repeal of such provisions upon expiration thereof

PURPOSE OR GENERAL IDEA OF BILL: Authorizes the commissioner of labor to study the feasibility of developing an insurance plan for unemployed youth and those unemployed who have to seek public assistance.

SUMMARY OF SPECIFIC PROVISIONS:

JUSTIFICATION: The continuous downsizing of employees by the public and private sectors has created great concerns relative to long term stability in employment. A recent study indicated that projected job employment for persons under age 40 will average 4 1/2 years per employment placement. This employment instability is further aggravated by actual and projected exportation of domestic jobs.

This legislation responds to the urgent need to create an insurance plan that addresses the real problems of the modern workforce. Such a plan would lessen the burden of public support, and provide for the stable financial management of dislocated employees. Said insurance plan would trigger upon the expiration of unemployment benefits if the condition prevails. contributions to the insurance program would derive from deductions through employees' salaries. Such deductions would be no more than 10% of annual salary. Unspent accounts would be refunded after 55. The thrust of this legislation is to authorize the commissioner to develop a feasibility study of an insurance plan which will provide employees with insurance against job insecurity.

PRIOR LEGISLATIVE HISTORY: 2010: S.3558 Held in Labor

FISCAL IMPLICATIONS: Minimal cost to the state. In the long term, more unemployed people will have a personal insurance fund to access instead of resorting to public assistance.

EFFECTIVE DATE: This act shall take effect immediately, with provisions.


Text

STATE OF NEW YORK ________________________________________________________________________ 2422 2013-2014 Regular Sessions IN SENATE January 17, 2013 ___________
Introduced by Sen. ADAMS -- read twice and ordered printed, and when printed to be committed to the Committee on Labor AN ACT to direct the commissioner of labor, in consultation with the superintendent of financial services, to study the feasibility of developing and implementing an insurance plan to provide benefits to unemployed persons upon the expiration of unemployment benefits; and providing for the repeal of such provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative intent. The legislature finds that the contin- uous downsizing of employees by the public and private sectors has created great concerns relative to long term stability in employment. A recent study indicates that projected job employment for persons under age forty will average four and one-half years per employment placement. This employment instability is further aggravated by actual and project- ed exportation of domestic jobs. The legislature further finds that state government officials regard- less of political party affiliation have all expressed concern relative to payment of persons on the public assistance rolls, and have urged various "workfare not welfare" programs. It is clear that this recent employment enigma can only further exacerbate this unemployment discussion. Accordingly it is prudent that the state develop an insurance plan that provides for persons who may encounter such an employment predica- ment. Such a plan would lessen the burden of public support, and provide for the stable financial management of dislocated employees. Such insurance plan would provide benefits upon the expiration of unem- ployment benefits if the unemployment condition prevails. Contributions to the insurance program would derive from deductions through employees' salaries. Such deductions would be no more than ten percent of annual salary. Unspent accounts would be refunded after an employee attains the
age of fifty-five. The intent of this legislation is to provide employ- ees with insurance against job insecurity. S 2. The commissioner of labor, in consultation with the superinten- dent of financial services, shall study the feasibility of developing and implementing an insurance plan to provide benefits to unemployed persons upon the expiration of unemployment benefits. Such study shall include: 1. the manner in which insurance premiums shall be paid to such plan including payroll deductions from employee salaries; 2. the amount of such payroll deductions not exceeding ten percent of such employee salaries; 3. a mechanism to refund to employees premiums paid by employees that were not paid on such employees' behalf; and 4. any other information that the commissioner of labor deems relevant and necessary. S 3. A report of the findings of such study, recommendations of the commissioner of labor and any proposed legislation necessary to imple- ment such findings shall be filed with the governor, the temporary pres- ident of the senate and the speaker of the assembly within one year after the effective date of this act. S 4. This act shall take effect immediately and shall expire and be deemed repealed one year after such date.

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