Assembly Bill A8752

2013-2014 Legislative Session

Provides that the board of any deferred compensation plan established by NYC shall include an equal number of employer and union representatives

download bill text pdf

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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

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2013-A8752 (ACTIVE) - Details

See Senate Version of this Bill:
S6684
Current Committee:
Assembly Governmental Employees
Law Section:
State Finance Law
Laws Affected:
Amd ยง5, St Fin L

2013-A8752 (ACTIVE) - Summary

Provides that the board of any deferred compensation plan established by NYC shall include an equal number of employer and union representatives; any act of the board shall be approved by a majority of the members with concurrence of one union and one employer representative.

2013-A8752 (ACTIVE) - Bill Text download pdf 

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

                                  8752

                          I N  A S S E M B L Y

                            February 12, 2014
                               ___________

Introduced by M. of A. ABBATE -- read once and referred to the Committee
  on Governmental Employees

AN  ACT  to  amend  the  state  finance law, in relation to establishing
  employee representative participation on the city of New York deferred
  compensation plan board

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

  Section  1.  Subdivision  5 of section 5  of the state finance law, as
amended by chapter 768 of the laws of 1984, is amended as follows:
  5. Should a public employer elect to provide or elect  to  participate
in  a  deferred  compensation  plan  for employees otherwise eligible to
participate in the plan, employees in a negotiating unit represented  by
an  employee  organization which negotiates pursuant to article fourteen
of the civil service law shall not be permitted to participate under the
provisions of this section until such  time  as  such  participation  is
authorized  pursuant  to a collectively negotiated agreement between the
public employer and the employee organization; provided,  however,  that
the  public  employer  need only negotiate whether or not such employees
shall be included in such plan.  NOTWITHSTANDING THE OTHER PROVISIONS OF
THIS SECTION, THE BOARD OF ANY DEFERRED COMPENSATION PLAN ESTABLISHED BY
THE CITY OF NEW YORK SHALL INCLUDE AN EQUAL NUMBER OF EMPLOYER AND UNION
REPRESENTATIVES.  THE UNION REPRESENTATIVES SHALL  BE  SELECTED  BY  THE
CHAIR OF THE MUNICIPAL LABOR COMMITTEE AS THAT TERM IS DEFINED BY SUBDI-
VISION K OF SECTION 12-303 OF THE ADMINISTRATIVE CODE OF THE CITY OF NEW
YORK.  ANY ACT OF THE BOARD SHALL  BE APPROVED BY A MAJORITY OF MEMBERS.
THE CONCURRENCE OF ONE UNION REPRESENTATIVE AND ONE  EMPLOYER  REPRESEN-
TATIVE SHALL BE NECESSARY FOR ANY ACT OF SUCH BOARD.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10427-02-3

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