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NY S06868
Bill
Status
3/30/2012
Primary Sponsor
Andrew Lanza
Click for details
AI Summary
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Amends the racing, pari-mutuel wagering and breeding law to extend health insurance and welfare benefit program eligibility to present and future retirees of the New York City Off-Track Betting Corporation.
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Requires the State to reimburse New York City or its designee for the actual cost of providing these benefits to eligible retirees, shifting financial responsibility from the corporation to the state.
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Appropriates $7,000,000 from the state general fund to the Department of Civil Service to fund the retiree health insurance and supplemental benefits.
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Applies retroactively to retirees who lost health insurance coverage after the NYC Off-Track Betting Corporation ceased operations on December 7, 2010, and closed pursuant to bankruptcy proceedings.
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Takes effect immediately upon enactment.
Legislative Description
Directs the state to reimburse the city of New York for the health care benefits of the retirees of the New York city off-track betting corporation; appropriates $7,000,000 therefor.
Last Action
SUBSTITUTED BY A9869
6/21/2012