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NY S07210
Bill
Status
11/11/2020
Primary Sponsor
Diane Savino
Click for details
AI Summary
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Changes workers' compensation law to require direct deposit of benefits be allowed upon written request, removing the previous requirement that employers or insurers must first elect to permit direct deposit.
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Mandates that all persons eligible to receive compensation or death benefits be notified of the direct deposit option and provided enrollment forms by the Workers' Compensation Board.
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Authorizes the Workers' Compensation Board to establish regulations permitting compensation payments to be split between multiple accounts by dollar amount or percentage, while allowing the board to set minimum dollar amounts and limit the number of partial deposits.
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Expands the definition of "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