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S4692Senate2013-2014 Session

Requires prevailing wage supplements which are payable directly to employees to be paid in the form of a negotiable instrument

Sponsor William J. Larkin Jr.SD-39Affects Economy
Status
In Senate Committee
Labor
Impact
Pending
Passage
Pending

Bill progress

Step 2 of 7

In committee · Labor

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Who cares

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Sponsors

Primary sponsor
William J. Larkin Jr.

Senator · Senate District 39

No co-sponsors yet.

History

  1. Referred to labor
  2. Referred to labor

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:S4692

Title of bill

An act to amend the labor law, in relation to the payment of prevailing wage supplements

Purpose

To prevent fraud and abuse in the payment of prevailing wage supplements.

Summary of provisions

Section 1: Provides that prevailing wage supplements shall not be paid in the form of cask Section 2: Effective Date.

Existing law

Currently, any portion or all of the prevailing wage supplement obligations of a contractor or subcontractor may be satisfied by paying workers in cash with their regularly weekly wages.

Justification

Under New York State Law, prevailing wage supplements may be provided to workers through (1) cash payments in lieu of supplements, (2) through irrevocable contributions to a fund, plan or program, or (3) any combination of the aforementioned.

As some interpret "cash" to mean that workers can receive supplemental benefits in their weekly paychecks, and others interpret "cash" to mean that workers can receive actual "cash" (i.e. paper money, dollar bills, coins, etc) in addition to their paychecks, this legislation seeks to clarify the meaning of cash and eliminate the payment of prevailing wage supplements in actual cash (i.e. paper money).

When supplements are paid in cash in addition to a paycheck, the supplement payments become more difficult to track and create room for abuse and fraud. This legislation seeks to prevent abuse and fraud surrounding the payment of prevailing, wage supplements by providing that all prevailing wage supplements be paid in the form of a negotiable instrument (i.e. a check), and under no circumstances shall they be paid in the form of cash (i.e. paper money).

Legislative history

New Bill.

Fiscal implications

None.

Effective date

This act shall take effect on the thirtieth day after it shall have become a law and shall apply to prevailing wage supplements accruing on or after such date.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.