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NY A02757
Bill
Status
1/20/2011
Primary Sponsor
Gary Pretlow
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AI Summary
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Requires the Office of Mental Retardation and Developmental Disabilities to annually reimburse licensed not-for-profit corporations for employer contributions to retirement benefit funds governed by the Federal Employee Retirement Income Security Act of 1974
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Reimbursement commences on April 1st of the year following submission of IRS Form 5500 documenting that employer contributions were made
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Allows corporations to apply for expedited reimbursement if payments must be made promptly and the corporation cannot reasonably make payment itself
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Caps reimbursement at ten percent of the employer's total payroll as of December 31st of the year in which contributions are made
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Takes effect on April 1st following enactment
Legislative Description
Provides for the annual reimbursement to licensed not-for-profit corporations which provide direct care to consumers approved for service by the office of metal retardation and developmental disabilities for the cost of employer contributions to a retirement benefit fund governed by the provisions of the Federal Employee Retirement Income Security Act of 1974.
Last Action
referred to mental health
1/4/2012