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NY A04643
Bill
Status
2/21/2023
Primary Sponsor
Gary Pretlow
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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 begins on April 1st following the corporation's submission of the federal IRS Form 5500 documenting that employer contributions were made.
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Corporations may apply to the office for expedited reimbursement if they demonstrate that retirement benefit payments must be made promptly and cannot be made without assistance.
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The office shall not reimburse any amount exceeding 10 percent of the employer's total payroll on December 31st of the year in which 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
1/3/2024