Bill Text: NY A04177 | 2009-2010 | General Assembly | Introduced

New York Assembly Bill 4177 (Prior Session Legislation)

Introduced

Bill Title: An act to amend the general municipal law, in relation to authorizing school districts and boards of cooperative educational services to establish retirement contribution reserve funds for the purposes of the New York state teachers' retirement system

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2010-05-18 - held for consideration in governmental employees [A04177 Detail]

Download: New_York-2009-A04177-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         4177
                              2009-2010 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 30, 2009
                                      ___________
       Introduced  by  M.  of A. GALEF -- Multi-Sponsored by -- M. of A. BARRA,
         BOYLAND, DUPREY, V. LOPEZ, SAYWARD -- read once and  referred  to  the
         Committee on Governmental Employees
       AN  ACT  to  amend the general municipal law, in relation to authorizing
         school districts and boards of  cooperative  educational  services  to
         establish  retirement  contribution  reserve funds for the purposes of
         the New York state teachers' retirement system
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Paragraphs b and c of subdivision 1 of section 6-r of the
    2  general municipal law, as added by chapter 260 of the laws of 2004,  are
    3  amended to read as follows:
    4    b.  "Participating  employer"  means:  (I) a participating employer as
    5  defined in subdivision twenty of  section  two  of  the  retirement  and
    6  social  security  law  or in subdivision twenty of section three hundred
    7  two of such law; OR (II) AN EMPLOYER AS DEFINED IN SUBDIVISION THREE  OF
    8  SECTION FIVE HUNDRED ONE OF THE EDUCATION LAW.
    9    c.  "Retirement  contribution"  shall  mean  all or any portion of the
   10  amount payable by a municipal corporation to: (I) either  the  New  York
   11  state  and  local employees' retirement system or the New York state and
   12  local police and fire retirement system pursuant to section seventeen or
   13  three hundred seventeen of the retirement and social  security  law;  OR
   14  (II)  THE NEW YORK STATE TEACHERS' RETIREMENT SYSTEM PURSUANT TO SECTION
   15  FIVE HUNDRED TWENTY-ONE OF THE EDUCATION LAW.
   16    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01718-01-9