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History
- Signed chap.206
- Delivered to governor
- Returned to senate
- Passed assembly
- Ordered to third reading rules cal.494
- Substituted for A7911A
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 62–0
- Advanced to third reading
- 2nd report cal.
- Amended 5460a
Show 3 earlier actions
- 1st report cal.904
- Committee discharged and committed to banks
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Creates access to wage reporting system
Assembly Floor Calendar · Sponsor Peter Abbate
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5460A
Title of bill
An act to amend the tax law, in relation to access to the wage reporting system
Purpose
To provide the New York State and Local Retirement System with access to the wage reporting system administered by the department of taxation and finance.
Summary of provisions
Section 1 of this bill amends Section 171-a of the Tax Law to provide the New York State and Local Retirement System with access to the wage reporting system administered by the Department of Taxation and Finance.
Section 2 of this bill amends Paragraph 3 of Subsection (e) of Section 697 of the Tax Law to clarify that the Department of Taxation and Finance is allowed to furnish information to the Office of the State Comptroller for purposes of verifying the income of a retired member of a retirement system or pension plan administered by the state or any of its political subdivisions who returns to public employment.
Section 3 of this bill provides for an effective date of the 180th day after it shall have become a law.
Prior legislative history
New Bill.
Justification
Sections 102, 211, 212 and 402 of the Retirement and Social Security Law place limits on the amount that may be earned by a retiree upon a return to public employment. The Comptroller and the New York State and Local Retirement System have a fiduciary obligation to suspend the payment of retirement benefits to retirees who re-enter the public workforce and whose salaries exceed the earnings limitations. At present, the New York State and Local Retirement System compares information with the Division of Payroll within the Office of the State Comptroller in an effort to identify retirees who have obtained employment with the state. However, no mechanism exists to carry out a similar search for retirees employed with the thousands of local public employers in the state. Access to the wage reporting system would provide such a mechanism. The Comptroller urges passage of this legislation.
Budget implications
This bill has no significant fiscal impact.
Effective date
This bill would be effective on the 180th day after it was signed into law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.