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Who cares
Headline styles
Sponsors
1 Co-sponsor
History
- Referred to aging
- Delivered to assembly
- Passed senateVote 60–0
- Ordered to third reading cal.1573
- Committee discharged and committed to rules
- Referred to aging
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the elder law, in relation to congregate services initiative for the elderly
Purpose
To provide financial literacy services to the elderly.
Summary of provisions
Section 1. Subparagraphs 9 and 10 of paragraph (d) of subdivision 1 of 2 section 217 of the elder law are amended and a new subparagraph 11 is 3 added to read as follows: 4 (9) Employment services information; (and) 5 (10) Health promotion and disease prevention services and 6 (11) Financial literacy.
Existing law
New
Justification
Financial literacy is an important tool that can assist in preventing seniors from being victimized. Predators create deceitful strategies and highly developed financial scams to lure seniors into traps that strip them from their belongings. Providing elderly citizens with information regarding money management, applying for benefits and predatory schemes will raise their awareness and better prepare them in their decision making. Instructions, helpful tips, brochures and other forms of resources are important proactive tools that aid older adults maintain financial independence.
Legislative history
None
Fiscal implications
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.