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History
- Referred to higher education
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.
Relates to deductions from benefits of certain retired members
In Assembly Committee · Ways And Means · Sponsor Peter Abbate
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S7438
Title of bill
An act to amend the education law, in relation to deductions of benefits of certain retired members
PURPOSE:To allow retired higher education professionals to make voluntary automatic contributions to their employee organizations, including but not limited to their political committees.
Summary of provisions
Section 1 amends article 8-B of the education law by adding a new section 396-A to allow retired higher education professionals who elected to become members of the State University of New York (SUNY) optional retirement plan (ORP) to make voluntary automatic contributions to their employee organizations.
Section 2 amends article 125-A of the education law by adding a new section 6257 to allow retired higher education professionals who elected to become members of the City University of New York (CUNY) optional retirement plan (ORP) to make voluntary automatic contributions to their employee organizations.
Justification
In 1993, state education law was amended to allow retired teachers the ability to make automatic payroll deductions to their employee organizations for certain supplemental benefits. Ten years later, in 2003, state education law was again amended to allow retired teachers the ability to make voluntary automatic contributions to the political action committee of their employee organization. These changes provided retired teachers with payroll deduction options that were, and remain, in parity with active classroom teachers. For both in-service and retired members, these automatic payment options are voluntarily authorized, save time and expense, and are revocable at any time.
However, up until now retired university professionals who chose to join the SUNY or CUNY ORP system have not been allowed to make automatic contributions from their retirement accounts.
This legislation will expand existing provisions of law currently afforded to in-service and retired teachers, by allowing retired members of the ORP to make automatic contributions to their employee organization for certain supplemental benefits and/or voluntary contributions to their employee organization's political committee.
Retired members will not be required to participate and can revoke the automatic contribution authorization at any time.
Legislative history
New bill.
Fiscal implications
None. Any administrative costs associated with this transaction will be paid by the participating employee organization; similar to the existing statute - Ed. Law § 536, Sub. 2.
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.