Bill Text: NY S04907 | 2013-2014 | General Assembly | Introduced

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Bill Title: Provides that the board of any deferred compensation plan established by NYC shall include an equal number of employer and union representatives; any act of the board shall be approved by a majority of the members with concurrence of one union and one employer representative.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2013-06-20 - SUBSTITUTED BY A6867 [S04907 Detail]

Download: New_York-2013-S04907-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         4907
                              2013-2014 Regular Sessions
                                   I N  S E N A T E
                                      May 1, 2013
                                      ___________
       Introduced  by  Sen.  GOLDEN -- 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  establishing
         employee representative participation on the city of New York deferred
         compensation plan board
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subdivision 5 of section 5  of the state  finance  law,  as
    2  amended by chapter 768 of the laws of 1984, is amended as follows:
    3    5.  Should  a public employer elect to provide or elect to participate
    4  in a deferred compensation plan  for  employees  otherwise  eligible  to
    5  participate  in the plan, employees in a negotiating unit represented by
    6  an employee organization which negotiates pursuant to  article  fourteen
    7  of the civil service law shall not be permitted to participate under the
    8  provisions  of  this  section  until  such time as such participation is
    9  authorized pursuant to a collectively negotiated agreement  between  the
   10  public  employer  and the employee organization; provided, however, that
   11  the public employer need only negotiate whether or  not  such  employees
   12  shall be included in such plan.  NOTWITHSTANDING THE OTHER PROVISIONS OF
   13  THIS SECTION, THE BOARD OF ANY DEFERRED COMPENSATION PLAN ESTABLISHED BY
   14  THE CITY OF NEW YORK SHALL INCLUDE AN EQUAL NUMBER OF EMPLOYER AND UNION
   15  REPRESENTATIVES.    THE  UNION  REPRESENTATIVES SHALL BE SELECTED BY THE
   16  CHAIR OF THE MUNICIPAL LABOR COMMITTEE AS THAT TERM IS DEFINED BY SUBDI-
   17  VISION K OF SECTION 12-303 OF THE ADMINISTRATIVE CODE OF THE CITY OF NEW
   18  YORK. ANY ACT OF THE BOARD SHALL  BE APPROVED BY A MAJORITY OF  MEMBERS.
   19  THE  CONCURRENCE  OF ONE UNION REPRESENTATIVE AND ONE EMPLOYER REPRESEN-
   20  TATIVE SHALL BE NECESSARY FOR ANY ACT OF SUCH BOARD.
   21    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10427-02-3