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NY A02633
Bill
Status
1/24/2019
Primary Sponsor
Gary Pretlow
Click for details
AI Summary
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The Office for People with Developmental Disabilities shall annually reimburse licensed not-for-profit corporations providing direct care services for employer contributions to retirement benefit funds governed by the Federal Employee Retirement Income Security Act of 1974.
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Reimbursement commences on April 1st of the calendar year following submission of the federal IRS Form 5500 documenting that employer contributions were made.
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Not-for-profit corporations may apply for expedited reimbursement upon demonstrating that retirement benefit payments must be made promptly and cannot be paid without such assistance.
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The Office shall not reimburse any amount exceeding 10 percent of the employer's total payroll as of December 31st in the year contributions are made.
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The 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
1/8/2020