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NY A10935

Bill

Status

Introduced

5/29/2018

Primary Sponsor

Nick Perry

Click for details

Origin

Assembly

2017-2018 General Assembly

AI Summary

  • Requires automatic enrollment of new eligible employees into the New York City Board of Education Retirement System (BERS) 91 days after employment begins, effective July 1, 2019, unless they opt out within 90 days of hire.

  • Requires automatic enrollment of existing eligible employees into BERS on October 1, 2019, unless they file to opt out before that date.

  • Applies only to employees not already members of BERS or any other public retirement system of New York City or the state, and does not affect employees mandated to join under existing law.

  • Allows employees who opt out during the specified periods to retain the right to join BERS voluntarily at any time during their employment.

  • Requires employers to provide written notice to employees of their right to join and automatic enrollment timeline, and requires BERS to notify unions within 30 days of an employee's automatic enrollment.

Legislative Description

Provides for the automatic enrollment of employees of the city of New York eligible to join the New York city board of education retirement system.

Last Action

substituted by s8844a

6/20/2018

Committee Referrals

Rules6/19/2018
Ways and Means6/18/2018
Governmental Employees5/29/2018

Full Bill Text

No bill text available