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Sponsors
No co-sponsors yet.
History
- Print number 4928a
- Amend and recommit to finance
- Referred to finance
- Referred to finance
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.
Provides that a state employee's net salary may be deposited directly in a bank for any purpose to an account in the name of such employee
In Assembly Committee · Governmental Employees · Sponsor Peter Abbate
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the state finance law, in relation to the direct deposit of certain salaries
Purpose
To require the payment of salaries by direct deposit for state employees hired after January 1, 2017:
Summary of provisions
Section 1 of this bill amends Paragraph a of Subdivision 4 of Section 200 of the State Finance Law to provide that a state employee hired on or after January 1, 2017 shall be paid by direct deposit.
Section 2 of this bill provides for an effective date of January 1, 2016.
Prior legislative history
New bill.
Justification
As of May 1, 2011, the United States Department of the Treasury requires recipients of federal nontax payments, including social security payments, to receive payment by electronic funds transfer (EFT) colloquially referred to as "direct deposit". Additionally, many states already require the direct deposit of salaries.
For persons who may not have access to a bank account, this legislation authorizes payment of funds by means of a debit card. The recipient would be able to access his or her funds through an automatic teller machine or other device that accepts debit cards.
Because of the financial advantages and added convenience, almost 86 percent of New York State employees currently use direct deposit. In recognition of the fact that there may be certain situations where a paper check is warranted, this legislation allows an employee to submit a request for a waiver from the requirement to be paid by direct deposit.
The State Comptroller urges the passage of this proposed legislation.
Fiscal implications for state
This bill would result in financial savings to New York State.
Effective date
This act shall take effect on January 1, 2017 and shall only apply to state employees hired on and after such date.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.