Bill Text: NY S02500 | 2013-2014 | General Assembly | Introduced
Bill Title: Prohibits bonuses for employees, officers and members of governing boards of state authorities who are members of the New York State retirement system, as a result of or by virtue of employment or membership in the public authority.
Spectrum: Partisan Bill (Republican 4-0)
Status: (Introduced - Dead) 2014-01-08 - REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS [S02500 Detail]
Download: New_York-2013-S02500-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
2500
2013-2014 Regular Sessions
I N S E N A T E
January 18, 2013
___________
Introduced by Sens. RANZENHOFER, DeFRANCISCO, LARKIN, LIBOUS -- read
twice and ordered printed, and when printed to be committed to the
Committee on Corporations, Authorities and Commissions
AN ACT to amend the public authorities law, in relation to prohibiting
bonuses for employees, officers and members of governing boards of
state authorities who are members of the New York State retirement
system
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. The public authorities law is amended by adding a new
2 section 2854 to read as follows:
3 S 2854. PROHIBITION ON PAYMENT OF BONUSES FOR CERTAIN EMPLOYEES, OFFI-
4 CERS AND MEMBERS OF GOVERNING BOARDS. NO BONUS OF ANY NATURE SHALL BE
5 PAID TO ANY EMPLOYEE, OFFICER OR MEMBER OF A GOVERNING BOARD OF A STATE
6 AUTHORITY WHO IS A MEMBER OF THE NEW YORK STATE RETIREMENT SYSTEM, AS A
7 RESULT OF OR BY VIRTUE OF EMPLOYMENT OR MEMBERSHIP IN THE STATE AUTHORI-
8 TY.
9 S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05163-01-3
