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NY A01759
Bill
Status
1/13/2017
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 for employer contributions to ERISA-governed retirement benefit funds for direct care workers.
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Reimbursement begins on April 1st following submission of IRS Form 5500 documenting that employer contributions were made.
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Not-for-profit corporations may request expedited reimbursement if they demonstrate payments must be made promptly and cannot be made without assistance.
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Office shall not reimburse amounts exceeding 10 percent of the employer's total payroll as of December 31st in the year contributions are made.
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Act takes effect on April 1st following the date it becomes 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
1/3/2018