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NY A01722
Bill
Status
1/11/2021
Primary Sponsor
Gary Pretlow
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AI Summary
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Requires the Office for People with Developmental Disabilities to annually reimburse licensed not-for-profit corporations for employer contributions to retirement benefit funds governed by the Federal Employee Retirement Income Security Act of 1974.
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Reimbursement applies only to not-for-profit providers delivering direct care to consumers approved by the Office for People with Developmental Disabilities.
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Reimbursement commences on April 1st of the year following submission of the IRS Form 5500 documenting the employer contributions were made.
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Permits corporations to request expedited reimbursement upon demonstrating to the office that prompt payment is necessary and the corporation cannot reasonably make prompt payment.
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Caps reimbursement at ten percent of the employer's total payroll as of December 31st of any year in which contributions are made.
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
1/5/2022