Bill Text: NY A05876 | 2015-2016 | General Assembly | Introduced

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Bill Title: Enables employees to receive electronic confirmation of direct deposit in lieu of paper pay stubs; authorizes rules and regulations by the comptroller for electronic confirmation system; requires notification of such system in each employee's paper pay stub.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2016-01-06 - referred to ways and means [A05876 Detail]

Download: New_York-2015-A05876-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5876
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                     March 5, 2015
                                      ___________
       Introduced  by  M.  of A. KAVANAGH, LUPARDO, MARKEY, ZEBROWSKI -- Multi-
         Sponsored by -- M. of A.  BARCLAY, CERETTO, CROUCH,  JAFFEE,  McLAUGH-
         LIN,  OAKS, SCHIMEL -- read once and referred to the Committee on Ways
         and Means
       AN ACT to amend the state finance law,  in  relation  to  providing  the
         option  to  employees  of electronic confirmation of direct deposit in
         lieu of paper pay stubs
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1. Paragraph (c) of subdivision 4 of section 200 of the state
    2  finance law is relettered paragraph (e) and two new paragraphs  (c)  and
    3  (d) are added to read as follows:
    4    (C)  ANY EMPLOYEE WHO REQUESTS TO HAVE THEIR SALARY DEPOSITED DIRECTLY
    5  IN A BANK PURSUANT TO THIS SECTION, MAY OPT OUT OF RECEIVING A PAPER PAY
    6  STUB AND MAY INSTEAD RECEIVE ELECTRONIC  CONFIRMATION  THAT  THE  DIRECT
    7  DEPOSIT TRANSFER HAS GONE THROUGH.
    8    (D)  THE  COMPTROLLER  IS  HEREBY  AUTHORIZED TO PROMULGATE REASONABLE
    9  RULES AND REGULATIONS, AS MAY BE NECESSARY, TO ADMINISTER THE ELECTRONIC
   10  CONFIRMATION OF DIRECT DEPOSITS OF EMPLOYEES'  SALARIES  ESTABLISHED  IN
   11  PARAGRAPH  (C) OF THIS SUBDIVISION. THE COMPTROLLER SHALL PROVIDE NOTICE
   12  OF THE ELECTRONIC CONFIRMATION SYSTEM IN EACH EMPLOYEE'S PAPER PAY STUB.
   13    S 2. This act shall take effect on the one hundred eightieth day after
   14  it shall have become a law. Effective  immediately  the  comptroller  is
   15  authorized  to  promulgate  any rules and regulations and take any other
   16  measures necessary to implement this act on its effective date.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD04530-01-5