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NY A07579
Bill
Status
11/11/2020
Primary Sponsor
Karines Reyes
Click for details
AI Summary
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Changes workers' compensation law to make direct deposit mandatory as an option that must be offered (changing "may" to "shall") rather than discretionary based on employer or insurance carrier election.
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Requires the Workers' Compensation Board to notify all eligible injured workers and death benefit recipients of the direct deposit option and provide enrollment forms at the time of notification.
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Authorizes the Board to promulgate regulations permitting compensation payments to be split between multiple accounts by dollar amount or percentage, with authority to set minimum amounts and limit the number of partial deposits.
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Defines "bank" to include any financial institution that is a member of the New York automated clearinghouse or any institution designated by the Board.
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Takes effect immediately upon enactment.
Legislative Description
Requires an injured worker or person entitled to a death benefit to be provided with the option to have the compensation payment made through direct deposit, and requires such person be given notice of such option and the forms necessary to enroll.
Last Action
approval memo.11
11/11/2020