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NY A02047
Bill
Status
1/15/2015
Primary Sponsor
Gary Pretlow
Click for details
AI Summary
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Office for People with Developmental Disabilities shall annually reimburse licensed not-for-profit corporations providing direct care services for employer contributions to ERISA-governed retirement benefit funds
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Reimbursement commences on April 1st following submission of IRS Form 5500 documenting that employer contributions were made
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Not-for-profit providers may apply for expedited reimbursement upon demonstrating that prompt payments are necessary and cannot be reasonably made by the corporation
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Reimbursement is capped at ten percent of the employer's total payroll as of December 31st in the year contributions are made
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Act takes effect April 1st following enactment into law
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 for people with 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
1/6/2016