Loading chat...
NY S00028
Bill
Status
1/4/2017
Primary Sponsor
Martin Golden
Click for details
AI Summary
-
Increases employee representatives on the New York City Employees' Retirement System board of trustees from three to four members.
-
Requires the director of labor relations to designate the three largest employee organizations representing members for pension bargaining purposes, plus the largest employee organization representing uniformed members for pension bargaining purposes.
-
Changes voting requirements for board resolutions from three and three-fifths votes to four and one-fifth votes, with continued requirement for concurrence between at least one employee and one non-employee representative.
-
Updates quorum requirements to reflect the increased board size of four and one-fifth votes instead of three and three-fifths votes.
-
Takes effect immediately upon enactment.
Legislative Description
Expands the composition of the board of trustees of the New York City Employees' Retirement system to include the employee organization which represents the largest number of uniformed employees for the purposes of collective bargaining on pension matters.
Last Action
REFERRED TO CITIES
1/3/2018