Bill Text: NY S02328 | 2019-2020 | General Assembly | Introduced

Bill Title: Enables employees to receive electronic confirmation of direct deposit in lieu of paper pay stubs; authorizes rules and regulations by the comptroller for electronic confirmation system; requires notification of such system in each employee's paper pay stub.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed) 2019-05-01 - referred to ways and means [S02328 Detail]

Download: New_York-2019-S02328-Introduced.html

                STATE OF NEW YORK
                               2019-2020 Regular Sessions
                    IN SENATE
                                    January 24, 2019
        Introduced  by Sen. KAVANAGH -- read twice and ordered printed, and when
          printed to be committed to the Committee on Finance
        AN ACT to amend the state finance law,  in  relation  to  providing  the
          option  to  employees  of electronic confirmation of direct deposit in
          lieu of paper pay stubs
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1. Paragraph (c) of subdivision 4 of section 200 of the state
     2  finance law is relettered paragraph (e) and two new paragraphs  (c)  and
     3  (d) are added to read as follows:
     4    (c)  Any employee who requests to have their salary deposited directly
     5  in a bank pursuant to this section, may opt out of receiving a paper pay
     6  stub and may instead receive electronic  confirmation  that  the  direct
     7  deposit transfer has gone through.
     8    (d)  The  comptroller  is  hereby  authorized to promulgate reasonable
     9  rules and regulations, as may be necessary, to administer the electronic
    10  confirmation of direct deposits of employees'  salaries  established  in
    11  paragraph  (c) of this subdivision. The comptroller shall provide notice
    12  of the electronic confirmation system in each employee's paper pay stub.
    13    § 2. This act shall take effect on the one hundred eightieth day after
    14  it shall have become a law. Effective  immediately  the  comptroller  is
    15  authorized  to  promulgate  any rules and regulations and take any other
    16  measures necessary to implement this act on its effective date.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.