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Sponsors
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History
- Referred to local government
- Referred to local government
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 and allows funding for post-employment benefit reserve funds
In Assembly Committee · Local Governments · Sponsor Claudia Tenney
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S549
Title of bill
An act to amend the general municipal law, in relation to the creation and funding of other post-employment benefit reserve funds, and extending to boards of cooperative educational services the authority to create and maintain workers' compensation reserve funds
Purpose or general idea of bill
Extend to boards of cooperative educational services the authority to create a reserve fund to pay for post-retiree benefits.
Summary of specific provisions
Section 1: A new section 6-a is added to the general municipal law. Section 2: Section 6-j of the general municipal law is amended to add "board of cooperative educational services" to the list of entities currently authorized to establish a reserve fund: municipal corporations, school districts and fire districts.
Justification
There is currently no specific legislative authorization for a BOCES to set aside money to pay the accrued liability for retiree health insurance-as has been recommended by the Comptroller.
Prior legislative history
S.6025 of 2011-12: Referred to Local Government
Fiscal implications for state and local governments
None.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.