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NY A07498
Bill
Status
3/28/2025
Primary Sponsor
Gary Pretlow
Click for details
AI Summary
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Requires the Office for People with Developmental Disabilities (OPWDD) to annually reimburse licensed not-for-profit corporations for employer contributions to ERISA-governed retirement benefit funds for direct care workers
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Reimbursement begins on April 1st of the calendar year following submission of IRS Form 5500 documenting the employer contributions
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Corporations may apply for expedited reimbursement if they can demonstrate prompt payment is required and they cannot reasonably make the payment themselves
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Caps reimbursement at 10% of the employer's total payroll as of December 31st of the year contributions are made
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Takes effect on the first of April following enactment
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
1/7/2026